Is Innovative Industrial Properties, Inc. a good dividend stock?

Innovative Industrial Properties, Inc. (IIPR) is a dividend-paying stock with a current dividend yield of 12.05%. Review its dividend history, payout consistency and growth to judge whether it fits your income strategy.

What is IIPR's dividend yield?

The dividend yield for IIPR stock is currently 12.05%.

How much does IIPR pay in dividends per year?

Innovative Industrial Properties, Inc. pays an annual dividend of $7.6000 per share over the trailing twelve months.

How often does IIPR pay dividends?

IIPR stock pays dividends quarterly.

Is IIPR's dividend growing?

Innovative Industrial Properties, Inc.'s 3-year dividend CAGR is 1.82%.

IIPR Stock Price, Chart, Stats & News

Innovative Industrial Properties, Inc.

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Overview Dividend safety Dividends Fundamentals

Innovative Industrial Properties, Inc. (IIPR) is a dividend-paying stock with a current dividend yield of 12.05% as of Jul 9, 2026. It pays $7.60 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 8.18% 5-year compound annual rate.

1.83B

Market cap

8.79x

Current P/E

14.79x

Forward P/E

12.05%

Dividend yield

$7.60

IIPR dividend

Dividend safety

At-risk

IIPR pays out about 106% of earnings, leaving little safety margin.

See the safety analysis

IIPR chart

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Fundamentals

Gross margin	74.71%
Operating margin	46.79%
Pretax margin	44.46%
Net margin	44.46%
Effective tax rate	–
ROA	4.99%
ROE	6.29%
D/E	0.21x
Interest coverage ratio	6.16x

All financials

IIPR valuation

P/E	8.79x
P/S	5.39x
P/B	0.77x
P/CF	7.18x
P/FCF	7.23x
P/OCF	7.18x
PEG	-1.67x
EV multiple	5.12x

About

Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.