Innovative Industrial Properties, Inc. (IIPR) To Go Ex-Dividend on June 30th

Posted by on Jun 28th, 2026

Innovative Industrial Properties, Inc. (NYSE:IIPR – Get Free Report) declared a quarterly dividend on Monday, June 15th. Shareholders of record on Tuesday, June 30th will be given a dividend of 1.90 per share on Wednesday, July 15th. This represents a c) dividend on an annualized basis and a yield of 12.1%. The ex-dividend date is Tuesday, June 30th.

Innovative Industrial Properties has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. Innovative Industrial Properties has a dividend payout ratio of 176.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Innovative Industrial Properties to earn $7.43 per share next year, which means the company may not be able to cover its $7.60 annual dividend with an expected future payout ratio of 102.3%.

Innovative Industrial Properties Stock Up 3.0%

IIPR stock opened at $63.02 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 6.06 and a quick ratio of 6.06. Innovative Industrial Properties has a 52-week low of $44.58 and a 52-week high of $63.15. The company has a 50-day moving average of $57.27 and a two-hundred day moving average of $53.04. The stock has a market capitalization of $1.81 billion, a price-to-earnings ratio of 16.12 and a beta of 1.42.

Innovative Industrial Properties (NYSE:IIPR – Get Free Report) last posted its quarterly earnings data on Monday, May 4th. The company reported $1.02 EPS for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.05). Innovative Industrial Properties had a return on equity of 6.62% and a net margin of 45.58%.The business had revenue of $69.00 million during the quarter, compared to the consensus estimate of $65.65 million. During the same quarter in the previous year, the firm posted $1.94 earnings per share. The company’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities research analysts anticipate that Innovative Industrial Properties will post 7.1 EPS for the current year.

Institutional Trading of Innovative Industrial Properties

A number of hedge funds have recently modified their holdings of IIPR. Charles Schwab Investment Management Inc. grew its holdings in shares of Innovative Industrial Properties by 4.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 540,742 shares of the company’s stock worth $25,610,000 after purchasing an additional 23,901 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of Innovative Industrial Properties by 3,423.1% in the first quarter. Arrowstreet Capital Limited Partnership now owns 539,600 shares of the company’s stock valued at $27,066,000 after purchasing an additional 524,284 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Innovative Industrial Properties by 26.2% in the fourth 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 during the period. Invesco Ltd. boosted its stake in Innovative Industrial Properties by 12.1% during the fourth quarter. Invesco Ltd. now owns 493,507 shares of the company’s stock worth $23,372,000 after buying an additional 53,143 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in Innovative Industrial Properties by 4.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 366,811 shares of the company’s stock valued at $18,399,000 after buying an additional 16,444 shares during the period. Institutional investors own 70.58% of the company’s stock.

Innovative Industrial Properties Company Profile

(Get Free Report)

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.

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Dividend History for Innovative Industrial Properties (NYSE:IIPR)

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