Innovative Industrial Properties (IIPR)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
Fundamental grade
Five factors scored 1 to 9 from IIPR's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Innovative Industrial Properties's 10-K filings. Ten years of the full income statement, balance sheet and cash flow.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $205M | $276M | $310M | $309M | $266M |
| Net income | $114M | $154M | $166M | $162M | $118M |
| Free cash flow | — | — | — | — | — |
| EPS (diluted) | $4.55 | $5.52 | $5.77 | $5.52 | $3.93 |
| Operating margin | 66.2% | 61.4% | 56.4% | 54.6% | 46.7% |
Superinvestors who own IIPR
From each investor's latest 13F filing (what a 13F shows).
Insider buying
Open-market purchases by Innovative Industrial Properties's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you. Every purchase since records began.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Aug 31, 2026 | Bruce Alan Ives Director |
528 | $56.70 | $29,938 |
| Nov 24, 2025 | Alan D Gold |
2,600 | $49.09 | $127,634 |
| Nov 20, 2025 | David Jon Smith |
600 | $45.90 | $27,540 |
| Nov 19, 2025 | Alan D Gold |
1,000 | $46.26 | $46,260 |
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In the full deep dive
Questions
Are Innovative Industrial Properties insiders buying the stock?
4 open-market insider purchases of IIPR in the last 12 months, from SEC Form 4 filings.
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Prices and ratios as of Oct 11, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.