Grade My Investments
Home › Free Stock Grades › IIPR

Innovative Industrial Properties, Inc. (IIPR) Stock Grade

IIPR · Real Estate

D-
Grade updated: September 29, 2026
Computed by the GradeMyInvestments scoring model from revenue growth, profitability, balance-sheet strength, and analyst targets.
Market Cap
$1.6B
P/E Ratio
11.6
Revenue Growth (YoY)
-13.8%
Net Margin
43.0%
Return on Equity
6.2%
Dividend Yield
16.7%

About Innovative Industrial Properties, Inc.'s fundamentals

Innovative Industrial Properties is a specialized real estate investment trust with a market capitalization of $1.6 billion, trading at a P/E ratio of 11.6. The company maintains an impressive net margin of 43.0%, though it reported revenue decline of 13.8% year-over-year, which may reflect market headwinds or portfolio adjustments. With a return on equity of 6.2%, the company generates modest returns on shareholder capital, while its notably high dividend yield of 16.7% suggests the REIT is returning substantial earnings to investors.

Track IIPR free — no credit card required. Live grade + monthly AI report →