Innovative Industrial Properties, Inc.
IIPRReal EstateNASDAQREIT - Industrial
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Daily timeframePart of the real estate sector, Innovative Industrial Properties, Inc. (IIPR) is listed under REIT - Industrial. The $1.58B market capitalization puts IIPR squarely in small-cap range for its industry. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry.
Market Cap
$1.58B
Beta
1.40
P/E (TTM)
12.94
P/E (Fwd)
13.03
EPS (TTM)
$4.42
EPS (Fwd)
$4.39
ROE
7.4%
ROA
3.3%
Cash
$204.7M
Total Debt
$609.0M
Free CF
$99.9M
52W Change
0.7%
Annual Financials
Cash vs Debt
Where IIPR stands vs its 150-day and 200-day moving averages
As of the August 29, 2026 close, IIPR finished 4.93% above its 150-day moving average ($53.77) and 8.88% above its 200-day moving average ($51.82). This snapshot is end-of-day data shown with a five-trading-day delay on the free plan; Premium members see readings from the latest close.
Is IIPR overbought or oversold?
At the August 29, 2026 close, IIPR's RSI(14) was 33.8, in neutral territory (between 30 and 70). The MACD histogram was positive, so short-term momentum leaned bullish at that close. These readings are historical, refresh daily after market close, and are not investment advice.
On the balance sheet, IIPR has $204.7M in cash with $609.0M in obligations. The ability to service this debt comfortably depends on continued operational cash generation. The company generates $99.9M in free cash flow annually, which funds everything from R&D to shareholder returns without needing external financing. ROE of 7.4% points to modest capital efficiency, indicating how much profit the company produces per dollar of shareholder equity. ROA of 3.3% is on the lower side, which is common in asset-heavy industries. Revenue has been relatively flat, moving from $276.4M (2022) to $266.0M (2025).
Investors considering Innovative Industrial Properties, Inc. should weigh the typical risks associated with IIPR's sector, size, and financial profile against their own risk tolerance and investment objectives. These risk factors are not exhaustive — macroeconomic shifts, regulatory changes, and competitive dynamics can all influence Innovative Industrial Properties, Inc.'s trajectory.