Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
IPO Year: 2016
Exchange: NYSE
Website: innovativeindustrialproperties.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 12/23/2024 | Buy → Neutral | BTIG Research | |
| 12/20/2024 | $118.00 → $70.00 | Neutral → Underweight | Piper Sandler |
| 12/20/2024 | $125.00 → $78.00 | Buy → Neutral | Compass Point |
| 12/17/2024 | $130.00 | Buy | Alliance Global Partners |
| 11/8/2024 | $125.00 | Neutral → Buy | Compass Point |
| 9/5/2023 | $95.00 | Buy → Neutral | Compass Point |
| 6/30/2023 | $80.00 | Overweight → Neutral | Piper Sandler |
| 5/10/2023 | $125.00 → $80.00 | Buy → Hold | Craig Hallum |
| 1/20/2023 | Mkt Outperform → Mkt Perform | JMP Securities | |
| 9/19/2022 | $100.00 → $175.00 | Neutral → Buy | Compass Point |
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
SC 13G/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Subject)
2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2024. Full Year 2024 Total revenues of $308.5 million. Net income attributable to common stockholders of $159.9 million, or $5.52 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Adjusted funds from operations (AFFO) of $256.1 million, or $8.98 per share, and normalized funds from oper
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, February 19, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, February 20, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) today announced the tax treatment of its 2024 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR Record Date Payable Date Total Distribution Per Share Allocable to 2024 Taxable Ordinary Dividend Return of Capital Long-Term Capital Gain Unrecaptured Section 1250 Gain(1) Section 199A Dividend(2) 12/29/2023 01/12/2024 $1.820000 $0.990000 $0.990000 $0.000000 $0.000000 $0.000000 $0.990000 03/28/2024 04/15/2024 $1.820000 $1.820000 $1.820000 $0.00000
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 15, 2025 to stockholders of record at the close of business on December 31, 2024. About Innovative Indus
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2024. Financial Results, Dividend and Capital Raising Activity Generated total revenues of $76.5 million and net income attributable to common stockholders of $39.7 million, or $1.37 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $64.3 million and $57.8 million, respectively. Pai
Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2024 after the market closes on Wednesday, November 6, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 7, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.in
Q3 2024 Cash Dividend of $1.90 Per Common Share Equates to Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. "We are proud to declare our 30th consecutive quarterly dividend since our inception in 2016," said Paul Smithers, President and Chief Executive Officer of IIP. "Since our inception, we have continued to share our growing cash fl
Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results and Dividend Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million, or $1.44 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operatio
Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2024 after the market closes on Monday, August 5, 2024. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, August 6, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativein
Q2 2024 Cash Dividend of $1.90 Per Common Share Equates to 4.4% Increase from Prior Quarter and an Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2024 dividend of $1.90 per share of common stock, representing a 4.4% increase over IIP's first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per common share. "We are pleased to announce an increase in our quarterly common s
2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2024. Full Year 2024 Total revenues of $308.5 million. Net income attributable to common stockholders of $159.9 million, or $5.52 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Adjusted funds from operations (AFFO) of $256.1 million, or $8.98 per share, and normalized funds from oper
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, February 19, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, February 20, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that it has reached an agreement with PharmaCann Inc. and its affiliates (collectively, PharmaCann) to resolve PharmaCann's existing defaults under leases for eleven properties that the Company owns (collectively, the "Leases"), previously announced by IIP on December 20, 2024. The key terms of the agreement between PharmaCann and IIP are as follows: IIP fully utilized security deposits held by it under all Leases for the payment in full of defaulted rent for December 2024 and January 2025 and ce
Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) today announced the tax treatment of its 2024 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR Record Date Payable Date Total Distribution Per Share Allocable to 2024 Taxable Ordinary Dividend Return of Capital Long-Term Capital Gain Unrecaptured Section 1250 Gain(1) Section 199A Dividend(2) 12/29/2023 01/12/2024 $1.820000 $0.990000 $0.990000 $0.000000 $0.000000 $0.000000 $0.990000 03/28/2024 04/15/2024 $1.820000 $1.820000 $1.820000 $0.00000
Innovative Industrial Properties, Inc. (IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its affiliates (collectively, PharmaCann) as tenants for eleven properties that IIP owns, which represented 17% of IIP's total rental revenues for the three and nine months ended September 30, 2024. On December 19, 2024, PharmaCann defaulted on its obligations to pay rent for the month of December under six of the eleven Leases, for properties located in Illinois, Massachusetts, Michigan, New York, Ohio and Pennsylvania. December rent, including base rent, property management fees and estimated ta
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 15, 2025 to stockholders of record at the close of business on December 31, 2024. About Innovative Indus
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2024. Financial Results, Dividend and Capital Raising Activity Generated total revenues of $76.5 million and net income attributable to common stockholders of $39.7 million, or $1.37 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $64.3 million and $57.8 million, respectively. Pai
Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2024 after the market closes on Wednesday, November 6, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 7, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.in
Q3 2024 Cash Dividend of $1.90 Per Common Share Equates to Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. "We are proud to declare our 30th consecutive quarterly dividend since our inception in 2016," said Paul Smithers, President and Chief Executive Officer of IIP. "Since our inception, we have continued to share our growing cash fl
Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results and Dividend Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million, or $1.44 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operatio
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4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)
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8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
10-Q - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
10-Q/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
10-Q/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
10-K/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)
BTIG Research downgraded Innovative Industrial Properties from Buy to Neutral
Piper Sandler downgraded Innovative Industrial Properties from Neutral to Underweight and set a new price target of $70.00 from $118.00 previously
Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $78.00 from $125.00 previously
Alliance Global Partners initiated coverage of Innovative Industrial Properties with a rating of Buy and set a new price target of $130.00
Compass Point upgraded Innovative Industrial Properties from Neutral to Buy and set a new price target of $125.00
Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $95.00
Piper Sandler downgraded Innovative Industrial Properties from Overweight to Neutral and set a new price target of $80.00
Craig Hallum downgraded Innovative Industrial Properties from Buy to Hold and set a new price target of $80.00 from $125.00 previously
JMP Securities downgraded Innovative Industrial Properties from Mkt Outperform to Mkt Perform
Compass Point upgraded Innovative Industrial Properties from Neutral to Buy and set a new price target of $175.00 from $100.00 previously