IIPR Innovative Industrial Propertie

Real Estate · REIT - Industrial

7 · Fair Momentum 6.0 · Neutral At risk

57.68

+0.49%

About the company

Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, California.

Website Annual reports (10-K)

13.18%

171.95%

112.27%

7.60

1.7B

13.05

4.42

53.93

52-week range

57.7

low 44.6 high 65.4

Dividend deep dive

Innovative Industrial Properties (IIPR) operates as a REIT in the Industrial sector, focusing on specialized industrial properties. The company currently offers a dividend yield of 11.8%. This yield is positioned as 'fair' according to Yield Theory, sitting above its 5-year average yield of 7.53% but below the 5-year high of 13.58%. The dividend safety status is rated as 'at_risk'.

Dividend history

Innovative Industrial Properties has a stated dividend streak of 0 years, despite historical payouts showing increases in previous years. The company paid 0.6 USD per share in 2017, increasing to 1.2 USD in 2018, 2.76 USD in 2019, 4.46 USD in 2020, 5.8 USD in 2021, 7.1 USD in 2022, and 7.2 USD in 2023. The dividend reached 7.6 USD in 2024 and is projected to be 7.6 USD in 2025. Over the last three years, the dividend has grown at a compound annual growth rate (CAGR) of 2.29%, while the five-year CAGR stands at 11.25%.

Dividend safety

The dividend safety for Innovative Industrial Properties is currently rated 'at_risk'. The company's FFO payout ratio is 112.27%, indicating that more than its FFO is being distributed as dividends.

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AI-generated from Quantic's dividend data · Updated 17 Jul 2026 · Information, not financial advice.