Innovative Industrial Properties (IIPR) Set to Release Earnings on Monday

Innovative Industrial Properties (NYSE:IIPR) is expected to be releasing its Q3 2026 results after the market closes on Monday, November 2nd. Analysts expect the company to post earnings of $0.90 per share and revenue of $60.71 million for the quarter. Investors are encouraged to explore the company’s upcoming Q3 2026 earnings overview page for the latest details on the call scheduled for Tuesday, November 3, 2026 at 12:00 PM ET.

Innovative Industrial Properties (NYSE:IIPR) last announced its earnings results on Monday, August 3rd. The company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.02 by $0.34. The firm had revenue of $63.31 million during the quarter, compared to analyst estimates of $67.09 million. Innovative Industrial Properties had a net margin of 52.27% and a return on equity of 7.73%. On average, analysts expect Innovative Industrial Properties to post $6.83 EPS for the current fiscal year and $7.35 EPS for the next fiscal year.

Innovative Industrial Properties Trading Down 2.5%

Shares of NYSE:IIPR opened at $52.15 on Friday. The company has a 50 day moving average of $54.42 and a 200-day moving average of $55.04. The company has a current ratio of 24.51, a quick ratio of 24.51 and a debt-to-equity ratio of 0.35. The firm has a market cap of $1.44 billion, a P/E ratio of 7.32 and a beta of 1.37. Innovative Industrial Properties has a twelve month low of $44.58 and a twelve month high of $65.38.

Innovative Industrial Properties Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a $1.90 dividend. The ex-dividend date was Wednesday, September 30th. This represents a $7.60 annualized dividend and a dividend yield of 14.6%. Innovative Industrial Properties’s dividend payout ratio is 172.34%.

Insiders Place Their Bets

In other Innovative Industrial Properties news, Director Scott Shoemaker sold 611 shares of Innovative Industrial Properties stock in a transaction that occurred on Tuesday, September 15th. The shares were sold at an average price of $56.36, for a total value of $34,435.96. Following the transaction, the director owned 2,000 shares in the company, valued at approximately $112,720. The trade was a 23.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Alan Gold purchased 40,000 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was bought at an average cost of $25.00 per share, for a total transaction of $1,000,000.00. Following the acquisition, the chairman directly owned 40,000 shares of the company’s stock, valued at $1,000,000. This represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. 2.30% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on IIPR shares. Huntington started coverage on Innovative Industrial Properties in a research note on Friday, October 2nd. They set an “outperform” rating and a $60.00 target price for the company. Weiss Ratings cut shares of Innovative Industrial Properties from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, October 8th. Piper Sandler cut their price target on shares of Innovative Industrial Properties from $51.00 to $44.00 and set an “underweight” rating for the company in a report on Monday, October 12th. Finally, Stifel Nicolaus started coverage on shares of Innovative Industrial Properties in a report on Wednesday, October 14th. They issued a “buy” rating and a $56.25 price target for the company. Two equities research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Innovative Industrial Properties currently has an average rating of “Hold” and a consensus price target of $51.31.

Innovative Industrial Properties Company Profile

Innovative Industrial Properties, Inc (NYSE:IIPR) is a real estate investment trust focused on the regulated cannabis industry in the United States. The company acquires, owns and manages specialized industrial properties, including cultivation, processing and manufacturing facilities used by state-licensed cannabis operators.

Innovative Industrial Properties generally leases its properties to cannabis companies under long-term, typically triple-net lease agreements. Under these arrangements, tenants are generally responsible for property-level operating expenses, while the company provides real estate capital and manages its portfolio as a landlord.

Founded in 2016, Innovative Industrial Properties has expanded through property acquisitions, sale-leaseback transactions and investments in the development or redevelopment of cannabis facilities.