Stock IIPR INNOVATIVE INDUSTRIAL PROPERTIES, INC.
Add to a list
To use this feature you must be a member
Log inSign up

Company Innovative Industrial Properties, Inc.

Equities

IIPR

US45781V1017

Commercial REITs

Market Closed - Nyse
Other stock markets
 01:30:02 27/04/2024 am IST 		5-day change 1st Jan Change
97.71 USD -0.17% Intraday chart for Innovative Industrial Properties, Inc. +3.69% -3.08%
29/02 Piper Sandler Raises Price Target on Innovative Industrial Properties to $103 From $85, Maintains Neutral Rating MT
27/02 Transcript : Innovative Industrial Properties, Inc., H2 2023 Earnings Call, Feb 27, 2024

Business Summary

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately d 108 properties comprising an aggregate of approximately 8.9 million rentable square feet (including approximately 1.4 million rentable square feet under development/redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiaries include IIP-AZ 1 LLC, IIP-AZ 2 LLC, IIP-AZ 3 LLC, IIP-CA 2 LP, and IIP-CA 1 LP.

Number of employees: 21

Sales per Business

USD in Million2022Weight2023Weight Delta
Rental
99.3 %
274 99.3 % 307 99.3 % +12.02%
Other
0.7 %
2 0.7 % 2 0.7 % +8.83%

Sales per region

USD in Million2022Weight2023Weight Delta
United States
100.0 %
276 100.0 % 310 100.0 % +11.99%

Managers

Managers TitleAgeSince
Paul Smithers FOU
 Founder 67 15/16/15
David J. Smith DFI
 Director of Finance/CFO 43 29/23/29
Ben Regin CIO
 Chief Investment Officer - 01/17/01
Catherine Hastings COO
 Chief Operating Officer 54 03/17/03
Andy Bui AUD
 Comptroller/Controller/Auditor 42 01/17/01
Brian Wolfe LAW
 General Counsel 48 01/16/01
Tracie Hager PRN
 Corporate Officer/Principal 63 01/20/01

Members of the board

Members of the board TitleAgeSince
Alan Gold FOU
 Founder 63 15/16/15
Gary Kreitzer FOU
 Founder 69 15/16/15
Paul Smithers FOU
 Founder 67 15/16/15
Scott Shoemaker BRD
 Director/Board Member 57 01/16/01
David Stecher BRD
 Director/Board Member 63 01/16/01
Mary Curran BRD
 Director/Board Member 67 31/19/31

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 28,328,647 27,913,216 ( 98.53 %) 0 98.53 %
Stock B 0 600,000 0 0

Shareholders

NameEquities%Valuation
BlackRock Advisors LLC
16.68 %
4,703,953 16.68 % 487 M $
Vanguard Fiduciary Trust Co.
15.54 %
4,382,796 15.54 % 454 M $
STATE STREET CORPORATION
6.348 %
1,790,418 6.348 % 185 M $
Zimmer Partners LP
3.370 %
950,628 3.370 % 98 M $
Charles Schwab Investment Management, Inc.
1.344 %
378,945 1.344 % 39 M $
JPMorgan Investment Management, Inc.
1.324 %
373,412 1.324 % 39 M $
Morgan Stanley Investment Management, Inc.
1.218 %
343,414 1.218 % 36 M $
Citadel Securities GP LLC
1.194 %
336,692 1.194 % 35 M $
BNY Mellon Investment Adviser, Inc.
1.156 %
326,079 1.156 % 34 M $
Norges Bank (13F)
1.094 %
308,628 1.094 % 32 M $
NameEquities%Valuation
Altegris Advisors LLC
0.0233 %
140 0.0233 % 3 836 $

Company contact information

Innovative Industrial Properties, Inc.

1389 Center Drive Suite 200

84098, Park City

+858 997 3332

http://www.innovativeindustrialproperties.com
address Innovative Industrial Properties, Inc.(IIPR)

Sector

Real Estate
Real Estate
Residential & Commercial REITs
Commercial REITs
Industrial REITs

Sales per Business

Ratings for Innovative Industrial Properties, Inc.

Trading Rating
Investor Rating
ESG Refinitiv
D+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
7
Last Close Price
97.71 USD
Average target price
121.4 USD
Spread / Average Target
+24.25%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Industrial REITs

1st Jan change Capi.
INNOVATIVE INDUSTRIAL PROPERTIES, INC. Stock Innovative Industrial Properties, Inc.
-3.08% 2.77B
PROLOGIS, INC. Stock ProLogis, Inc.
-21.94% 96.34B
GOODMAN GROUP Stock Goodman Group
+21.78% 38.16B
REXFORD INDUSTRIAL REALTY, INC. Stock Rexford Industrial Realty, Inc.
-22.99% 9.39B
EASTGROUP PROPERTIES, INC. Stock EastGroup Properties, Inc.
-15.05% 7.49B
AMERICOLD REALTY TRUST, INC. Stock Americold Realty Trust, Inc.
-26.53% 6.32B
STAG INDUSTRIAL, INC. Stock STAG Industrial, Inc.
-12.18% 6.27B
FIRST INDUSTRIAL REALTY TRUST, INC. Stock First Industrial Realty Trust, Inc.
-12.66% 6.09B
WAREHOUSES DE PAUW SA Stock Warehouses De Pauw SA
-13.12% 5.8B
FIBRA PROLOGIS Stock FIBRA Prologis
-11.75% 5.48B
Industrial REITs
  1. Stock Market
  2. Equities
  3. IIPR Stock
  4. Company Innovative Industrial Properties, Inc.