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

Innovative Industrial Properties (NYSE:IIPR) will likely be announcing its Q2 2026 results after the market closes on Monday, August 3rd. Analysts expect Innovative Industrial Properties to post earnings of $1.02 per share and revenue of $67.9570 million for the quarter. Investors may review the information on the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Tuesday, August 4, 2026 at 12:00 PM ET.

Innovative Industrial Properties (NYSE:IIPR) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.02 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.05). Innovative Industrial Properties had a net margin of 45.58% and a return on equity of 6.62%. The firm had revenue of $69.00 million during the quarter, compared to analysts’ expectations of $65.65 million. During the same quarter in the previous year, the company posted $1.94 EPS. Innovative Industrial Properties’s revenue for the quarter was down 3.1% on a year-over-year basis. On average, analysts expect Innovative Industrial Properties to post $7 EPS for the current fiscal year and $8 EPS for the next fiscal year.

Innovative Industrial Properties Price Performance

Shares of NYSE IIPR opened at $58.73 on Friday. The company has a current ratio of 6.06, a quick ratio of 6.06 and a debt-to-equity ratio of 0.20. The stock has a fifty day simple moving average of $60.93 and a two-hundred day simple moving average of $54.96. Innovative Industrial Properties has a 1-year low of $44.58 and a 1-year high of $65.38. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 15.02 and a beta of 1.39.

Innovative Industrial Properties Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a dividend of $1.90 per share. This represents a $7.60 dividend on an annualized basis and a dividend yield of 12.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Innovative Industrial Properties’s dividend payout ratio is currently 194.37%.

Wall Street Analysts Forecast Growth

IIPR has been the subject of several research reports. Zacks Research downgraded Innovative Industrial Properties from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 5th. Piper Sandler boosted their price objective on Innovative Industrial Properties from $45.00 to $51.00 and gave the company an “underweight” rating in a research note on Tuesday, July 21st. Finally, Weiss Ratings raised shares of Innovative Industrial Properties from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, May 26th. Three investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average price target of $48.00.

Institutional Investors Weigh In On Innovative Industrial Properties

A number of institutional investors and hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its stake in Innovative Industrial Properties by 4.6% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 540,742 shares of the company’s stock valued at $25,610,000 after acquiring an additional 23,901 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in Innovative Industrial Properties by 26.2% in the 4th quarter. Goldman Sachs Group Inc. now owns 509,124 shares of the company’s stock worth $24,112,000 after purchasing an additional 105,569 shares in the last quarter. Invesco Ltd. lifted its stake in Innovative Industrial Properties by 12.1% in the 4th quarter. Invesco Ltd. now owns 493,507 shares of the company’s stock worth $23,372,000 after purchasing an additional 53,143 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Innovative Industrial Properties by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 350,367 shares of the company’s stock valued at $16,593,000 after purchasing an additional 16,426 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Innovative Industrial Properties by 5.7% in the 3rd quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 304,527 shares of the company’s stock valued at $16,317,000 after purchasing an additional 16,471 shares during the period. 70.58% of the stock is owned by hedge funds and other institutional investors.

Innovative Industrial Properties Company Profile

Innovative Industrial Properties, Inc is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators in the regulated U.S. cannabis industry. The company’s portfolio includes greenhouse facilities, indoor cultivation sites, processing and distribution centers, and other purpose-built properties designed to meet stringent regulatory and operational requirements. By structuring long-term net leases, Innovative Industrial Properties provides its tenants with capital to expand and modernize their operations while maintaining stable, predictable rental income streams.

Founded in 2016 and headquartered in San Diego, California, Innovative Industrial Properties was the first publicly traded REIT in the medical-cannabis sector.