Innovative Industrial Properties (NYSE: IIPR) — Company Overview, News & Financial Data
Innovative Industrial Properties is a US REIT focused on industrial properties leased to regulated medical-use cannabis operators.
Innovative Industrial Properties
Innovative Industrial Properties (NYSE:IIPR) is a specialized real estate investment trust focused on the acquisition, ownership, and management of industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Primarily operating within the United States, it offers a range of real estate and capital solutions to the medical-use cannabis industry. With a keen eye on strategic expansion, Innovative Industrial Properties aims to support the growth of its tenant partners while delivering stable, long-term returns for its shareholders. The company's objective is to build a diversified portfolio by acquiring and leasing properties, emphasizing those in jurisdictions with robust medical-use cannabis regulatory frameworks.
Snapshot
Operations
Products and/or services of Innovative Industrial Properties
- Real estate leasing to state-licensed cannabis facilities, providing operators with necessary infrastructure.
- Sale-leaseback transactions, allowing cannabis companies to free up capital while retaining operation of their properties.
- Expansion and improvement projects for existing tenant properties, enhancing cultivation and production capabilities.
- Tenant improvement reimbursements, offering financial support for upgrades and optimizations of leased facilities.
- Acquisition and development of industrial properties, targeting strategic locations for cannabis cultivation and distribution.
- Advisory and management services, guiding cannabis operators on compliance, expansion, and operational efficiency.
Innovative Industrial Properties executive team
- Alan D. GoldExecutive Chairman
- Paul E. SmithersPresident, CEO & Director
- David Jon SmithCFO & Treasurer
- Catherine HastingsChief Operating Officer
- Ben ReginChief Investment Officer
- Andy BuiVP & Chief Accounting Officer
- Kelly C. SpicherSenior Vice President of Real Estate Counsel
- Tracie HagerSenior Vice President of Asset Management
- Eli KanterSenior Associate of Finance
Dividend history
Dividends per share paid by Innovative Industrial Properties, by financial year.
| Financial year | Interim | Final | Special | Total |
|---|---|---|---|---|
| FY2026(to date) | — | — | — | $5.7000 |
| FY2025 | — | — | — | $7.6000 |
| FY2024 | — | — | — | $7.5200 |
| FY2023 | — | — | — | $7.2200 |
| FY2022 | — | — | — | $7.1000 |
Key financials
Reported results for Innovative Industrial Properties, in USD.
- Market cap
- 1.6B
- Revenue (TTM)
- 263.7M
- P/E ratio
- 12.1
- EPS (diluted, TTM)
- 4.4
- Dividend yield
- 14.4%
- Profit margin
- 52.3%
| Fiscal year end | Revenue | Operating income | Net income |
|---|---|---|---|
| 266M | 124.1M | 114.4M | |
| 308.5M | 168.3M | 161.7M | |
| 309.5M | 174.6M | 165.6M | |
| 276.4M | 169.6M | 154.4M |