IIPR - Innovative Industrial Properties, Inc.

NYSE - NYSE Delayed Price. Currency in USD
78.21
+0.40 (+0.51%)
At close: 4:02PM EDT

78.21 0.00 (0.00%)
After hours: 4:17PM EDT

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Previous Close77.81
Open78.06
Bid78.17 x 1000
Ask79.88 x 1100
Day's Range77.20 - 80.40
52 Week Range39.45 - 139.53
Volume436,362
Avg. Volume491,624
Market Cap884.101M
Beta (3Y Monthly)2.13
PE Ratio (TTM)70.21
EPS (TTM)N/A
Earnings DateN/A
Forward Dividend & Yield3.12 (4.01%)
Ex-Dividend Date2019-06-27
1y Target EstN/A
Trade prices are not sourced from all markets
All
News
Press Releases
  • Business Wire

    Innovative Industrial Properties Acquires Michigan Property and Enters Into Long-Term Lease with LivWell

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Warren, Michigan, which comprises approximately 156,000 square feet of industrial space. The purchase price for the Michigan property was $19.0 million (excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement with LivWell Michigan, LLC, a licensee of LivWell Holdings, Inc. (LivWell), which intends to operate the property as a licensed cannabis cultivation and processing facility upon completion of redevelopment.

  • Business Wire

    Innovative Industrial Properties Expands Real Estate Partnership with PharmaCann at Massachusetts Property

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into amendments of the lease and development agreement with a subsidiary of PharmaCann LLC (PharmaCann) at the property located at 465 Hopping Brook Road in Holliston, Massachusetts, making available an additional $8.0 million in funding for additional expansion of PharmaCann’s regulated cannabis cultivation and processing facilities at the property. The lease amendment also adjusted the base rent under the lease to take into account the additional available funding and extended the term of the lease agreement. Assuming full payment of the additional funding, IIP’s total investment in the property will be $26.5 million.

  • Business Wire

    Innovative Industrial Properties Declares Third Quarter 2019 Dividends

    Common Stock Dividend Increased 30% from Prior Quarter and 123% from Q3 2018

  • Business Wire

    Innovative Industrial Properties Acquires California Property Portfolio and Enters into Long-Term Leases with Vertical

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the final parcel of a four-property portfolio in southern California, which comprises approximately 79,000 square feet of industrial space in total. The purchase price for the southern California portfolio was approximately $17.3 million in the aggregate (excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease at each property with a subsidiary of Medical Investor Holdings LLC (d/b/a Vertical) for continued operation as licensed cannabis cultivation, extraction, manufacturing and distribution facilities in accordance with California regulations.

  • Business Wire

    Innovative Industrial Properties Expands Real Estate Partnership with AWH at Illinois Property

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with a subsidiary of Ascend Wellness Holdings, LLC (AWH) at the property located in Barry, Illinois, making available an additional $8 million in funding for expansion of AWH’s regulated cannabis cultivation and processing facilities at the property. The lease amendment also adjusted the base rent under the lease to take into account the additional available funding and extended the term of the lease agreement. Assuming full payment of the additional funding, IIP’s total investment in the property will be $33 million.

  • PR Newswire

    The Cannabis ETF (THCX) Rebalance Further Diversifies Portfolio

    THCX Adds Companies Focused on CBD, Ancillary Services and Canadian Retail Market NEW YORK , Aug. 13, 2019 /PRNewswire/ -- Innovation Shares, a provider of thematic ETFs, announced it has completed the ...

  • CNW Group

    Innovative Industrial Properties Acquires Massachusetts Property and Enters into New Tenant Relationship with Trulieve Cannabis Corp.

    Innovative Industrial Properties Acquires Massachusetts Property and Enters into New Tenant Relationship with Trulieve Cannabis Corp.

  • GlobeNewswire

    MJardin Group Announces Closing of Sale-Leaseback Transaction for US$9.6 million

    MJardin Group, Inc. (“MJardin” or “the Company”) (MJAR.CN) (MJARF), a leader in premium cannabis production, today announced  it has closed a sale-leaseback agreement with Innovative Industrial Properties (“IIP”) (IIPR) worth an estimated value of US$9.6 million (excluding transaction costs) of its Cheyenne Ave., Las Vegas, Nevada production facility owned by the Company (the “Facility”).

  • Business Wire

    Innovative Industrial Properties Acquires Michigan Property and Enters Into Long-Term Lease with Emerald Growth Partners

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Harrison, Michigan, which comprises approximately 45,000 square feet of industrial space. The purchase price for the Michigan property was approximately $6.9 million (excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement with an affiliate of Emerald Growth Partners L.L.C. (EGP), which intends to operate the property as a licensed medical-use cannabis cultivation and processing facility upon completion of redevelopment.

  • Business Wire

    Innovative Industrial Properties Expands Real Estate Partnership with Green Peak Innovations at Michigan Property

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it entered into an amendment of the lease with Green Peak Industries, LLC (also known as Green Peak Innovations, or GPI) at 10070 Harvest Park in Dimondale, Michigan, making available an additional $18.0 million in funding for additional expansion of their cannabis cultivation and processing facilities at the property. The lease amendment also adjusted the base rent under the lease to take into account the additional available funding and extended the term of the lease agreement. Assuming full payment of the additional funding, IIP’s total investment in the property will be $31.0 million.

  • Business Wire

    Innovative Industrial Properties Declares Second Quarter 2019 Dividends

    Common Stock Dividend Increased 33% from Prior Quarter and 140% from Q2 2018

  • Business Wire

    Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Green Leaf Medical

    Leading REIT for the Medical-Use Cannabis Industry Expands Portfolio to 21 Properties Comprising Approximately 1.6 Million Square Feet in 11 States

  • Business Wire

    Innovative Industrial Properties Reports First Quarter 2019 Results

    Acquisitions Drive 146% Q1 Rental Revenue, 444% Q1 Net Income and 275% Q1 AFFO Growth Year-over-Year

  • Business Wire

    Innovative Industrial Properties Acquires Pennsylvania Property and Enters Into Long-Term Lease with Maitri Genetics

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a property in Pittsburgh, Pennsylvania, which comprises approximately 51,000 square feet of industrial space. The purchase price for the Pennsylvania property was approximately $6.3 million (excluding transaction costs). Concurrent with the closing of the purchase, IIP entered into a long-term, triple-net lease agreement with Maitri Genetics, LLC (Maitri), which intends to operate the property as a licensed medical-use cannabis cultivation and processing facility upon completion of redevelopment.

  • Business Wire

    Innovative Industrial Properties Acquires California Property Portfolio and Enters into Long-Term Leases with Licensed Operator

    Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a five-property portfolio in southern California, which comprises approximately 102,000 square feet of industrial space.

  • ACCESSWIRE

    Picking Winners in the Projected $75 Billion Cannabis Industry

    HENDERSON, NV / ACCESSWIRE / April 12, 2019 / The Cowen Group has projected that the cannabis industry will see $75 billion in global annual sales by 2030, up from a previous forecast of $50 billion by ...

  • ACCESSWIRE

    Microgrid Marijuana Mover to Put on Your Radar

    HENDERSON, NV / ACCESSWIRE / April 5, 2019 / According to CannaNews, a leading cannabis industry publication, as the industry moves toward large-scale production, "growers' energy consumption continues ...