IIPR-PA Stock Price, Chart, Stats & News

Innovative Industrial Properties, Inc. (IIPR-PA) is a dividend-paying stock with a current dividend yield of 9.19% as of Jul 9, 2026. It pays $2.25 per share over the trailing twelve months and distributes quarterly. Its dividend has grown at a 0.00% 5-year compound annual rate.
Dividend safety
Dividend coverage looks healthy — IIPR-PA pays out about 56% of earnings.
IIPR-PA chart
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 |
IIPR-PA valuation
P/E | 6.06x |
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 a Maryland-incorporated entity that independently oversees its operations. It concentrates on acquiring, holding, and overseeing niche real estate assets, which are subsequently leased to seasoned, state-approved operators for their regulated medical cannabis facilities. The company also chose to be taxed as a real estate investment trust, a status that began with the fiscal year concluding December 31, 2017.
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