IIPR Innovative Industrial Properties, Inc.
Real Estate · REIT - Industrial
52.41
-1.95%
About the company
Innovative Industrial Properties, Inc. 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. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.
52-week range
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.
Price history
Dividend profile
Yield band A stock's current dividend yield shown against its own range over the past five years — the low, average and high. Near the high end the shares look relatively cheap for the income they pay; near the low end, relatively expensive. It's the picture behind Dividend Yield Theory. Learn more → (5-year)
Ex-dividend date The cut-off day: you must already own the stock before it to receive the next dividend. Buy on or after, and the seller keeps that payment. Learn more →
The cash usually arrives later, sometimes a month or more after.
Dividend history
Per-share dividend by year
Debt & leverage
Latest reported balance-sheet figures.
Held by 7 investors · watched by 1
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