Innovative Industrial Properties, Inc. Common Stock (IIPR)

Re-tenanting six vacant properties expanded leasing momentum, while a shift toward life science real estate reshapes where future income will come from.

Innovative Industrial Properties (NYSE:IIPR) reported higher third-quarter revenue and adjusted funds from operations, supported by new leasing activity, rent recoveries and growing income from its life science investments. The cannabis-focused real estate investment trust also outlined further effo

Life science bets and re-leasing lifted AFFO per share 7% sequentially

Aggressive income investors could love this stock.

Innovative Industrial Properties and Trulieve Cannabis may be turning things around.

Innovative Industrial Properties (NYSE:IIPR) reported second-quarter revenue of $63.3 million and adjusted funds from operations of $53 million, or $1.83 per diluted share, as the cannabis-focused real estate investment trust advanced leasing efforts, completed a major life sciences investment commi

It's an unuaual company, in that it doesn't sell a single ounce of weed.

Innovative Industrial Properties (NYSE:IIPR) reported first-quarter 2026 revenue of $69 million and adjusted funds from operations of $53.4 million, or $1.88 per share, as executives said the company is working to stabilize its cannabis real estate portfolio, refinance a near-term bond maturity and

IIPR Q1 2026 Earnings Call Transcript

IIPR Q3 2025 Earnings Call Transcript

IIPR Q1 2025 Earnings Call Transcript

Innovative Industrial Properties is down 73% over the last five years, but its fourth-quarter earnings were better than expected.

Some big legal headaches are easing for the marijuana REIT.

Innovative Industrial (IIPR) Earnings Transcript

Today’s Date: February 24, 2026 Introduction Innovative Industrial Properties (NYSE: IIPR) finds itself at a critical juncture in early 2026. Long considered the "gold standard" of cannabis-related real estate investment trusts (REITs), the company has spent the last two years navigating a turbulent landscape defined by high interest rates and a wave of tenant defaults. [...]

The fund's focus on high-yielding REITs makes it highly sensitive to interest rates.

The cannabis-focused real estate investment trust is scheduled to report fourth-quarter earnings on Feb. 23.

Innovative Industrial Properties just might turn things around this year.

Rescheduling cannabis to a Schedule 3 drug, if it happens, represents a long-term industry tailwind.