II
IIPR.K
—
NYSE
Industrial REITs
Iipr.K
Last 30 days
1D5D1M3M6MYTD1Y5YMax
Live price chart loads from the market-data widget.
Mcap
—
P/E
—
EV / Rev
—
Div yield
—
Op margin
46,7 %
ROE
6,4 %
Net margin
44,5 %
Debt / equity
0,21
Beta
—
52w range
—
Volume
—
Day range
—
Prev close
$61,21
Open
—
Next earnings
2026-10-28
Ex-dividend
—
TR 1Y
—
About
IIPR.K operates as a real estate investment trust focused on industrial properties, generating revenue through leasing activities within the Real Estate sector.
Business. IIPR.K operates as a real estate investment trust focused on industrial properties, generating revenue through leasing activities within the Real Estate sector.
Classification85 %
SectorReal Estate
Industry groupIndustrial REITs
Generated · model-assisted
Sell-side consensus
—consensus pending
— buy— hold— sell
Avg 12m price target—
At a glance
Score
—
not yet scored
Valuation
—
valuation pending
Analysts
—
not yet wired
Ownership→
Arrowstreet Capital, Limited Partnership
largest disclosed fund holder
Profitability→
6,4 %
return on equity
Quality
—
not yet scored
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
— missing data
News & coverage
0Sector rotation
Sector1D1Mvs mkt
Materials+2,3 %+6,6 %+1,7 %
Communication Services+2,2 %−5,5 %+1,6 %
Energy+0,6 %+3,3 %+0,0 %
Health Care+0,6 %−0,8 %+0,0 %
Information Technology+0,6 %+6,7 %+0,0 %
Consumer Discretionary+0,4 %+7,6 %−0,2 %
Financials−0,3 %−2,8 %−0,9 %
Consumer Staples−0,4 %+2,5 %−1,0 %
Real Estate · THIS SECTOR−0,7 %+10,9 %−1,3 %
Industrials−1,9 %−3,1 %−2,5 %
Utilities−1,9 %+28,2 %−2,5 %
Developing storylines
No tracked sagas currently linked to IIPR.K. Browse all sagas →
Analysis
AI analysis
Generated · analysis pipeline · tier hybrid · as of 2026-08-04
↑ At a glance
Opportunity
— missing data
Upcoming catalysts
Scheduled public events. Informational only — not investment advice.
- Company
- EarningsQ3 2026 earnings (expected)2026-10-28 · estimated
- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
— missing data
Signals & dispatch
peak dispatch · —
Composite-score breakdown
Synthesis
Business
IIPR.K operates as a real estate investment trust focused on industrial properties, generating revenue through leasing activities within the Real Estate sector.
Classification85 %
SectorReal Estate
Industry groupIndustrial REITs
AI synthesis
GENERATED(a) Capital structure and liquidity: IIPR.K maintains a conservative balance sheet with total assets of $2.37 billion and total liabilities of $522.9 million. The debt-to-equity ratio stands at 0.21, indicating low leverage relative to equity. Long-term debt is $393.7 million, while cash and equivalents total $47.6 million. The risk assessment flags medium liquidity risk and notes that net cash is negative after subtracting total debt, suggesting reliance on operating cash flows for debt service rather than liquid reserves.
(b) Profitability and returns: The company reports a return on equity (ROE) of 6.4% and a return on assets (ROA) of 5.0%. Net income is $118.2 million on revenue of $266.0 million, yielding a net margin of approximately 44.5%. Operating income is $124.1 million, demonstrating strong operational efficiency. Without cohort median data provided, these returns are evaluated in isolation, though the high net margin suggests a profitable business model typical of specialized REITs.
(c) Segments and geographic exposure: Specific segment and geographic revenue breakdowns are not provided in the available data. The company operates through subsidiaries including IIP Operating Partnership, LP and Innovative Industrial Properties, LP, as disclosed in EX-21 filings. Revenue concentration risks cannot be quantified due to absent segment data.
(d) Growth trajectory: Historical revenue and net income trends are not available in the input data. The latest normalized period shows revenue of $266.0 million and net income of $118.2 million. Without multi-period data, year-over-year growth rates cannot be calculated.
(e) Risk factors: The primary risk flags include medium liquidity risk and low dilution risk. The negative net cash position after debt subtraction is a key flag, indicating potential sensitivity to interest rate changes or refinancing needs. Dilution risk is assessed as low, with basic and diluted shares outstanding being identical at 28.0 million.
(f) Recent events: Recent observations include reconciler enqueue events for analysis jobs, indicating system-level processing rather than fundamental business changes. No significant news events, filing observations, or transcript observations are present in the input data to suggest recent strategic shifts or market reactions.
Key takeaways
- Conservative leverage with a debt-to-equity ratio of 0.21 and total debt of $393.7 million.
- Strong profitability with a 44.5% net margin and $118.2 million net income.
- Medium liquidity risk due to negative net cash position after debt subtraction.
- Low dilution risk with no difference between basic and diluted shares outstanding.
- Lack of segment and geographic data limits concentration risk assessment.
- No historical trend data available to evaluate growth trajectory.
Bull / Bear case
analysis pipeline— missing data
In focus — financials by report
Valuation
Market price
$61,21
Market cap
—
Enterprise valueⓘ
—
P/Eⓘ
—
Non-GAAP P/Eⓘ
—
EV / Revenueⓘ
—
EV / Op incomeⓘ
—
EV / OCFⓘ
—
P / Bⓘ
—
P / Tangible bookⓘ
—
Tangible book
$1.85B
Net cashⓘ
-$346.1M
Current ratioⓘ
—
Debt / equityⓘ
0.2
ROAⓘ
5.0%
ROEⓘ
6.4%
Cash conversionⓘ
168.0%
CapEx / revenueⓘ
—
SBC / revenueⓘ
—
Dilution ratioⓘ
0.0%
Revenue by segment
Business relationships
Business relationships5 disclosed relationships · 1 type · extracted from filings & disclosures
Subsidiaries5
EX21:8cb8a69d0656EX21:8cb8a69d0656Subsidiarie97%
EX21:c20e6bc63b26EX21:c20e6bc63b26Subsidiarie97%
EX21:ccc8876687a0EX21:ccc8876687a0Subsidiarie97%
EX21:ceab13ecdf8aEX21:ceab13ecdf8aSubsidiarie97%
EX21:d30e4f264aceEX21:d30e4f264aceSubsidiarie97%
Supply chain
— missing data
Peer comparison
— missing data
Market position
Stress test
— missing data
Predictor forecast
Options
— missing data
Short squeeze
— missing data
Earnings-call key lines
— missing data
Consensus distribution
sell-side coverageRecommendation distribution6 analysts
Strong buy0
Buy1
Hold4
Sell1
Strong sell0
12-month price target$63,25 · Median $56,00
Low $51,00High $90,00
Operating income · consensus126,8M USD
EPS surprise
−5,6 %
reported vs consensus · miss
Revenue surprise
−2,4 %
reported vs consensus · miss
Estimate revisions
consensus EPS · 26-week trend— missing data
Sell-side observations
Low$51,00
Mean$63,25
Median$56,00
High$90,00
Spot$61,21
+3.3 %implied to mean12-month sell-side price targets · ▲ spot
Themes
— missing data
ESG
— missing data
Risk factors
Dilution riskLow
Liquidity riskMedium
Filing-based flags
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
No cohort benchmark data available for this issuer yet.
Corporate actions / M&A
— missing data
FX exposure
— missing data
Comparable transactions
— missing data
Derivatives & instruments
Derivative transactions
Net acquired 89 847 sh3 exercises · 4 grants5 insiders
- Director, EXECUTIVE CHAIRMAN · Restricted Stock Units 2026 → Common StockAcquired 33 960grant · 2026-06-19
- Director · Restricted Stock Units 2026 → Common StockAcquired 2 652grant · 2026-06-09
- Director · Restricted Stock Units 2026 → Common StockAcquired 2 652grant · 2026-06-09
- Director, EXECUTIVE CHAIRMAN · Restricted Stock Units 2026 → Common StockAcquired 66 702grant · 2026-01-20
- Director, PRESIDENT, CEO AND DIRECTOR · Restricted Stock Units 2020 → Common StockDisposed 10 653exercise · 2026-01-02
- Director · Restricted Stock Units 2020 → Common StockDisposed 911exercise · 2026-01-02
- CFO AND TREASURER · Restricted Stock Units 2025 → Common StockDisposed 4 555exercise · 2026-01-01
Actions
Ask Handelsavisen
— missing data
Data sources
- Market data
- Market data cache
- Issuer disclosures
- Public news
- Earnings transcripts
- Consensus estimates
- ESG data
- Reference data
How metrics are computed
- Cash Conversion Ratiooperating_cash_flow / net_income
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Return On Equitynet_income / total_equity
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Return On Assetsnet_income / total_assets
Source documents
- INNOVATIVE INDUSTRIAL PROPERTIES INC Market data — financials · 2026-07-30
- reconciler_enqueue (reconciler) on IIPR.K · 2026-07-30
- IIPR.K HA canonical relationships · 2026-07-30
Ownership & reference
Top holders
- Investment Managers · as of 2026-03-310,01 %$27M
- Investment Managers · as of 2024-06-300,01 %$547M
- Investment Managers · as of 2026-03-310,00 %$9M
- Investment Managers · as of 2026-03-310,00 %$29M
- Investment Managers · as of 2026-03-310,00 %$18M
- Funds · as of 2026-03-310,00 %$25M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$27M
- Investment Managers · as of 2025-12-310,00 %$202M
- Investment Managers · as of 2026-03-310,00 %$83M
- Investment Managers · as of 2026-03-310,00 %$4M
- Investment Managers · as of 2026-03-310,00 %$19M
- Investment Managers · as of 2024-12-310,00 %$7M
- Institutional Investor · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$3M
- Institutional Investor · as of 2026-03-310,00 %$3M
- Investment Managers · as of 2026-03-310,00 %$10M
- Investment Managers · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$2M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$5M
- Investment Managers · as of 2026-03-310,00 %$0M
- Investment Managers · as of 2026-03-310,00 %$1M
- Institutional Investor · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$1M
- Investment Managers · as of 2026-03-310,00 %$0M
- Brokerage Firms · as of 2026-03-310,00 %$0M
Leadership
- Alan D. GoldExecutive Chairman of the Board
- Paul SmithersPresident, Chief Executive Officer, Director
Insider activity
Net buying4 buys · 0 sellsnet $247K7 insiders · last 365d
- CFO AND TREASURER · Common StockOther 9 219 · 2026-06-19
- Director, PRESIDENT, CEO AND DIRECTOR · Common StockOther 22 299 · 2026-06-19
- Director · Common StockOther 2 652 · 2026-06-09
- VP, CHIEF ACCOUNTING OFFICER · Common StockOther 6 522 · 2026-01-20
- Director, PRESIDENT, CEO AND DIRECTOR · Common StockOther 47 643 · 2026-01-20
- CFO AND TREASURER · Common StockOther 20 061 · 2026-01-20
- Director · Common StockOther 911 · 2026-01-02
- Director, PRESIDENT, CEO AND DIRECTOR · Common StockOther 10 653 · 2026-01-02
- Director, PRESIDENT, CEO AND DIRECTOR · Common StockOther 5 169 @ $49,47$256K · 2026-01-02
- VP, CHIEF ACCOUNTING OFFICER · Common StockOther 1 204 @ $47,36$57K · 2026-01-01
- CFO AND TREASURER · Common StockOther 4 555 · 2026-01-01
- CFO AND TREASURER · Common StockOther 1 634 @ $47,36$77K · 2026-01-01
- Director, PRESIDENT, CEO AND DIRECTOR · Common StockOther 10 983 @ $47,36$520K · 2026-01-01
- Director, EXECUTIVE CHAIRMAN · Common StockBought 2 600 @ $49,09$128K · 2025-11-24
- CFO AND TREASURER · Common StockBought 600 @ $45,90$28K · 2025-11-20
- Director, EXECUTIVE CHAIRMAN · Common StockBought 1 000 @ $45,70$46K · 2025-11-20
- Director, EXECUTIVE CHAIRMAN · Common StockBought 1 000 @ $46,26$46K · 2025-11-19
- Director · Common StockOther 1 839 @ $55,28$102K · 2025-10-15
Short positioning
3.9Mshares short-3.4% vs prior
13.22days to cover
49.5%short of daily vol
1.5Kfails-to-deliver
as of 2026-07-15 · short-interest report (free)
Geographic breakdown
— missing data
Listings · one canonical issuer
all listings resolve to the canonical
IIPR.KCanonical
NYSE · USD
Intel & risk
peak dispatch · —
OSINT findings
Dilution riskLow
Liquidity riskMedium
Net cash is negative after subtracting total debt.
Relationship graph
This companySectorSubsidiaries
Evidence & claims
From filings & derived data- Shareholders' equity (annual): USD 1.85BUnknown
- Cash & equivalents (annual): USD 47.6MUnknown
- Long-term debt (annual): USD 393.71MUnknown
- Net income (annual): USD 118.25MUnknown
- Operating cash flow (annual): USD 198.19MUnknown
- Revenue (annual): USD 265.95MUnknown
- Operating income (annual): USD 124.12MUnknown
- Total operating expenses (annual): USD 141.51MUnknown
- EPS (basic) (annual): USD-PER-SHARES 4Unknown
- Total liabilities (annual): USD 522.85MUnknown
- EPS (diluted) (annual): USD-PER-SHARES 4Unknown
- Shares outstanding (annual): 28.02MUnknown
- Total assets (annual): USD 2.37BUnknown
- EPS (diluted) (annual): USD-PER-SHARES 6Unknown
- EPS (basic) (annual): USD-PER-SHARES 6Unknown
- Total assets (annual): USD 2.38BUnknown
- Net income (annual): USD 161.66MUnknown
- Total liabilities (annual): USD 441.99MUnknown
- Shares outstanding (annual): 28.33MUnknown
- Shareholders' equity (annual): USD 1.94BUnknown
- Cash & equivalents (annual): USD 146.25MUnknown
- Operating cash flow (annual): USD 258.45MUnknown
- Operating income (annual): USD 168.34MUnknown
- Revenue (annual): USD 308.52MUnknown
Showing 24 of 25 surfaced claims.
Atomic claims from regulatory filings and derived calculations. Provenance shown as source kind only.
The Thread
Everything we know, in order2026-10-28EVENTUpcomingQ3 2026 earnings (expected) estimated date
2026-08-03 00:00 UTCTRANSCRIPTEarnings call — Q3 2026
2026-08-03EVENTQ2 2026 earnings (expected) estimated date
2026-06-19 00:00 UTCINSIDER6 insider transactions — 2026-06 3 derivative
2026-06-19 00:00 UTCINSIDER6 insider transactions — 2026-06 3 derivative
2026-06-19INSIDERSmith David Jon transacted 9.2k sh — CFO AND TREASURER
2026-06-19INSIDERSmithers Paul E. transacted 22.3k sh — Director, PRESIDENT, CEO AND DIRECTOR
2026-06-19INSIDERGold Alan D acquired 34.0k sh Restricted Stock Units 2026 — Director, EXECUTIVE CHAIRMAN
2026-06-09INSIDERIves Bruce Alan transacted 2.7k sh — Director
2026-06-09INSIDERShoemaker Scott acquired 2.7k sh Restricted Stock Units 2026 — Director
2026-06-09INSIDERBoyle David Gerard acquired 2.7k sh Restricted Stock Units 2026 — Director
2026-01-20 00:00 UTCINSIDER14 insider transactions — 2026-01 · net sell $910k 4 derivative
2026-01-20 00:00 UTCINSIDER14 insider transactions — 2026-01 · net sell $910k 4 derivative
2026-01-20INSIDERBui Andy transacted 6.5k sh — VP, CHIEF ACCOUNTING OFFICER
2026-01-20INSIDERSmithers Paul E. transacted 47.6k sh — Director, PRESIDENT, CEO AND DIRECTOR
2026-01-20INSIDERSmith David Jon transacted 20.1k sh — CFO AND TREASURER
2026-01-20INSIDERGold Alan D acquired 66.7k sh Restricted Stock Units 2026 — Director, EXECUTIVE CHAIRMAN
2026-01-02INSIDERShoemaker Scott transacted 911 sh — Director
2026-01-02INSIDERSmithers Paul E. transacted 10.7k sh — Director, PRESIDENT, CEO AND DIRECTOR
2026-01-02INSIDERSmithers Paul E. transacted 5.2k sh — Director, PRESIDENT, CEO AND DIRECTOR ~$256k
2026-01-02INSIDERShoemaker Scott disposed of 911 sh Restricted Stock Units 2020 — Director
2026-01-02INSIDERSmithers Paul E. disposed of 10.7k sh Restricted Stock Units 2020 — Director, PRESIDENT, CEO AND DIRECTOR
2026-01-01INSIDERBui Andy transacted 1.2k sh — VP, CHIEF ACCOUNTING OFFICER ~$57k
2026-01-01INSIDERSmith David Jon transacted 4.6k sh — CFO AND TREASURER
2026-01-01INSIDERSmith David Jon transacted 1.6k sh — CFO AND TREASURER ~$77k
2026-01-01INSIDERSmithers Paul E. transacted 11.0k sh — Director, PRESIDENT, CEO AND DIRECTOR ~$520k
2026-01-01INSIDERSmith David Jon disposed of 4.6k sh Restricted Stock Units 2025 — CFO AND TREASURER
2025-11-24 00:00 UTCINSIDER4 insider transactions — 2025-11 · net buy $247k
Showing the 40 most recent of 48 entries.
The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.
Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04
Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data · Reference data
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