IIPR
Real Estate · REIT - Industrial
Performance
IIPR (IIPR) Stock Analysis 2026
Rule-based · Updated daily · Not financial advice
IIPR (IIPR) operates in the REIT - Industrial space within the Real Estate sector. With a market cap of $1.7B, it qualifies as a small-cap company. Revenue has been contracting year-over-year, a headwind that investors will watch closely in upcoming earnings.
- Forward P/E (12.4×) is lower than trailing P/E (15.2×) — analysts expect earnings to improve
- Exceptional profit margin of 45.6% — the business retains a large share of each dollar earned
- Dividend yield of 12.56% provides consistent income on top of price appreciation
- Revenue declined 4% YoY — warning sign for business momentum
- High debt-to-equity of 19.32× increases financial risk, especially with elevated interest rates
- Current ratio below 1 (0.35×) — short-term liabilities exceed current assets
Verdict
Hold
Mixed signals — strengths and risks roughly balance. Wait for a clearer catalyst.
AI Insight
Powered by ClaudeAI-generated analysis for informational purposes only. Not financial advice.
Related Articles
Revenue & Results
Dividends
Current DY
12.56%
5Y Avg Annual
$6.2680
Last Payment
$1.9000
Ex-Date
03/31/2026
Annual dividends paid per share
| Ex-Date | Payment | Amount | Est. DY |
|---|---|---|---|
Latest03/31/2026 | 04/14/2026 | $1.9000 | 12.75% |
12/31/2025 | 01/14/2026 | $1.9000 | 12.75% |
09/30/2025 | 10/14/2025 | $1.9000 | 12.75% |
06/30/2025 | 07/14/2025 | $1.9000 | 12.75% |
03/31/2025 | 04/14/2025 | $1.9000 | 12.75% |
12/31/2024 | 01/14/2025 | $1.9000 | 12.75% |
09/30/2024 | 10/14/2024 | $1.9000 | 12.75% |
06/28/2024 | 07/12/2024 | $1.9000 | 12.75% |
Magic Number
Shares needed to self-fund your next purchase
$59.60
Price
$1.9000
Last div. (quarterly)
32
shares
Own 32 IIPR shares ($1,907.20) and each quarterly dividend pays for 1 new share — the snowball runs on its own.
Investment target
$1,907.20
New shares / year
+4 shares
If You Had Invested…
Hypothetical return based on historical prices
* Dividend reinvestment calculated at ex-date price. For informational purposes only.
Earnings
EPS (TTM)
$3.92
P/E (TTM)
15.2
Fwd P/E
12.4
Earnings History
SEC EDGAR · official filings
SEC Filings
Official EDGAR documents
Key Statistics
Valuation
Trading
Dividends
Profitability
Balance Sheet
Fair Value Estimates
Current price: $59.60
Graham Number
√(22.5 × EPS × Book Value)
$74.60
Benjamin Graham's intrinsic value formula. Assumes a fair stock trades at no more than 22.5× the product of EPS and book value per share.
Bazin Ceiling Price
Avg. Annual DPS (5Y) ÷ 6%
$117.20
Décio Bazin's dividend-based ceiling. The max price you should pay so that dividends alone deliver at least 6% annual yield on your cost basis.
These are simplified estimates. Not financial advice.
Buy & Hold Checklist
Quality criteria for long-term holding
6/10
60% score
Pays dividends
9Y hist.9+ years of dividend history
Dividend consistency (5Y+)
9 yrsUninterrupted dividend payments for at least 5 years
ROE above 10%
6.3%Return on equity — measures how efficiently capital is used
Positive profit margin
45.6%Net profit margin must be positive — company earns more than it spends
Revenue growth (annual)
-3.8%Annual revenue must be growing compared to the prior year
Earnings growth (annual)
+0.0%Annual earnings must be growing compared to the prior year
Debt/Equity below 2×
19.32×Low financial leverage reduces risk of distress
Current ratio above 1
0.35×Short-term assets must cover short-term liabilities
Daily liquidity above $5M
$22M/dayHigh trading volume ensures easy entry and exit
Dividend yield above 0%
12.56%Stock must distribute income to shareholders
Related Assets
Real Estate
About IIPR
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, California.
Sector
Real Estate
Industry
REIT - Industrial
Location
San Diego, United States
Employees
23