Innovative Industrial Properties (IIPR-PA) Stock Analysis & Price (Updated Oct 16, 2026, 4:00 PM ET)
Updated Oct 16, 2026, 4:00 PM ET
- Closed at $24.21, -0.10% vs the prior close of $24.24.
- Volume 9.80K shares, 0.4x its 50-day average (light).
- No new SEC filings since the prior session.
- No new insider buys or sales reported since the prior session.
IIPR-PA ends flat (-0.1%) to $24.21. Closed at $24.21, -0.10% vs the prior close of $24.24. Day range $24.07–$24.23, opened at $24.22.
IIPR-PA daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 16, 2026 — IIPR-PA ends flat (-0.1%) to $24.21
- Closed at $24.21, -0.10% vs the prior close of $24.24. Day range $24.07–$24.23, opened at $24.22.
- Volume was 9.80K shares, 0.4x its 50-day average of 23.16K — lighter than usual.
- Price is -2.4% vs its 50-day average ($24.80) and +2.0% vs its 200-day average ($23.73).
- 52-week range $20.86–$25.39; today's close sits at 74% of that range, 4.6% below the 52-week high.
Oct 15, 2026 — IIPR-PA rises 0.9% to $24.24
- Closed at $24.24, +0.85% vs the prior close of $24.03. Day range $24.04–$24.25, opened at $24.04.
- Volume was 29.03K shares, 1.3x its 50-day average of 23.20K.
- Price is -2.4% vs its 50-day average ($24.82) and +2.1% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 75% of that range, 4.5% below the 52-week high.
Oct 14, 2026 — IIPR-PA dips 0.8% to $24.03, a 3-month low on 2.8x normal volume
- Closed at $24.03, -0.78% vs the prior close of $24.22. Day range $23.80–$24.21, opened at $24.21.
- Volume was 63.11K shares, 2.8x its 50-day average of 22.27K — unusually heavy trading.
- Price is -3.3% vs its 50-day average ($24.84) and +1.2% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 70% of that range, 5.4% below the 52-week high.
- That makes 3 straight losses.
- SEC filings that day: 8-K.
Oct 13, 2026 — IIPR-PA dips 0.4% to $24.22
- Closed at $24.22, -0.37% vs the prior close of $24.31. Day range $24.12–$24.28, opened at $24.28.
- Volume was 23.45K shares, 1.1x its 50-day average of 22.33K.
- Price is -2.6% vs its 50-day average ($24.86) and +2.0% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 74% of that range, 4.6% below the 52-week high.
Oct 12, 2026 — IIPR-PA ends flat (-0.2%) to $24.31
- Closed at $24.31, -0.16% vs the prior close of $24.35. Day range $24.31–$24.35, opened at $24.35.
- Volume was 14.71K shares, 0.6x its 50-day average of 25.38K — lighter than usual.
- Price is -2.3% vs its 50-day average ($24.88) and +2.4% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 76% of that range, 4.3% below the 52-week high.
Oct 9, 2026 — IIPR-PA rises 0.8% to $24.35
- Closed at $24.35, +0.81% vs the prior close of $24.16. Day range $24.18–$24.35, opened at $24.18.
- Volume was 21.03K shares, 0.8x its 50-day average of 25.59K.
- Price is -2.2% vs its 50-day average ($24.90) and +2.6% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 77% of that range, 4.1% below the 52-week high.
- SEC filings that day: 424B5.
Oct 8, 2026 — IIPR-PA ends flat (+0.3%) to $24.16
- Closed at $24.16, +0.27% vs the prior close of $24.09. Day range $24.00–$24.20, opened at $24.10.
- Volume was 21.77K shares, 0.8x its 50-day average of 26.45K.
- Price is -3.1% vs its 50-day average ($24.91) and +1.8% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 73% of that range, 4.9% below the 52-week high.
Oct 7, 2026 — IIPR-PA dips 1.0% to $24.09, a 3-month low on 2.2x normal volume
- Closed at $24.09, -0.99% vs the prior close of $24.33. Day range $23.50–$24.14, opened at $23.95.
- Volume was 58.10K shares, 2.2x its 50-day average of 26.11K — unusually heavy trading.
- Price is -3.4% vs its 50-day average ($24.93) and +1.5% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 71% of that range, 5.1% below the 52-week high.
- SEC filings that day: 424B5.
Oct 6, 2026 — IIPR-PA ends flat (-0.1%) to $24.33
- Closed at $24.33, -0.08% vs the prior close of $24.35. Day range $24.32–$24.35, opened at $24.33.
- Volume was 24.85K shares, 0.9x its 50-day average of 26.25K.
- Price is -2.5% vs its 50-day average ($24.95) and +2.5% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 77% of that range, 4.2% below the 52-week high.
Oct 5, 2026 — IIPR-PA ends flat (+0.1%) to $24.35
- Closed at $24.35, +0.10% vs the prior close of $24.33. Day range $24.26–$24.37, opened at $24.36.
- Volume was 22.98K shares, 0.9x its 50-day average of 26.09K.
- Price is -2.5% vs its 50-day average ($24.96) and +2.6% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 77% of that range, 4.1% below the 52-week high.
Oct 2, 2026 — IIPR-PA rises 0.5% to $24.33
- Closed at $24.33, +0.48% vs the prior close of $24.21. Day range $24.25–$24.40, opened at $24.26.
- Volume was 18.94K shares, 0.7x its 50-day average of 26.08K.
- Price is -2.6% vs its 50-day average ($24.98) and +2.5% vs its 200-day average ($23.74).
- 52-week range $20.86–$25.39; today's close sits at 76% of that range, 4.2% below the 52-week high.
IIPR-PA latest news & SEC filings
Every SEC filing by or about IIPR-PA in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 14, 2026 · Form 8-A12B — 8-A12B filing
8-A12B filing
Oct 14, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 3.03 — Change to shareholder rights.
- Item 5.03 — Amended its charter or bylaws / changed fiscal year.
Oct 13, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Gold Alan D bought 40,000 shares at $25.00 (≈$1.00M) on Oct 8, 2026; now holds 40,000
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Oct 9, 2026 · Form 424B5 — Prospectus supplement
Prospectus supplement — the company is selling securities off a shelf registration
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Oct 9, 2026 · Form FWP — Free writing prospectus (offering marketing material)
Free writing prospectus (offering marketing material)
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Oct 7, 2026 · Form 424B5 — Prospectus supplement
Prospectus supplement — the company is selling securities off a shelf registration
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Oct 1, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 1.01 — Signed a material agreement.
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
Sep 25, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 5.03 — Amended its charter or bylaws / changed fiscal year.
Sep 17, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Shoemaker Scott sold 611 shares at $56.36 (≈$34.44K) on Sep 15, 2026; now holds 2,000
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 4, 2026 · Form SCHEDULE 13G/A — Update to a passive 5%+ stake (13G)
Update to a passive 5%+ stake (13G)
Filed by an outside investor (not the company). It reports a holding of more than 5% of a share class; percentage and holder name are in the filing.
Sep 1, 2026 · Form 4 — Insider trade
Insider trade report (Form 4) — a director, officer or 10%+ owner changed their holdings
- Ives Bruce Alan bought 528 shares at $56.70 (≈$29.94K) on Aug 31, 2026
- Ives Bruce Alan bought 528 shares at $56.70 (≈$29.94K) on Aug 31, 2026
- Ives Bruce Alan bought 528 shares at $56.70 (≈$29.94K) on Aug 31, 2026
- Ives Bruce Alan bought 528 shares at $56.70 (≈$29.94K) on Aug 31, 2026
Open-market purchases (P) and sales (S) are shown in colour; awards, exercises and tax withholding are routine pay-related moves. Many sales are pre-planned under 10b5-1 plans.
Sep 1, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 8.01 — Reported other events the company considers important.
Sep 1, 2026 · Form 424B5 — Prospectus supplement
Prospectus supplement — the company is selling securities off a shelf registration
An offering document: new shares or debt may be sold, which can increase the share count (dilution) or debt load. Size and terms are in the prospectus.
Aug 4, 2026 · Form 10-Q — Quarterly report
Quarterly report (unaudited financial statements for the quarter)
Quarter ended Jun 30, 2026:
- Revenue: $63.31M (prior year $62.89M) (+0.7% vs Jun 30, 2025)
- Net income: $43.85M (prior year $26.02M) (+68.5% vs Jun 30, 2025)
- Diluted EPS: $1.36 (prior year $0.86) (+58.1% vs Jun 30, 2025)
Aug 3, 2026 · Form 8-K — Major event / current report
Current report — a filing companies must make within 4 business days of a major event
- Item 2.02 — Reported results of operations (earnings release).
- Item 7.01 — Released information under Regulation FD (e.g. a presentation or press release).
This is a results-day filing: the earnings press release is attached as an exhibit.
Things to know before you trade IIPR-PA
- Last results release: Aug 3, 2026 (8-K Item 2.02). Previous ones: May 4, 2026, Feb 23, 2026, Nov 4, 2025. Based on that rhythm, the next report is likely around Nov 2, 2026 — an estimate, not a confirmed date.
- How much it moves: over the last 20 sessions the average daily move was 0.45% (largest 1.8%). That is a relatively calm stock.
- Liquidity: about 33.93K shares (≈$821.41K) trade per day on average. Thin volume can mean wider bid/ask spreads.
- 52-week position: $24.21 vs a range of $20.86–$25.39 (74% of the range).
- Dividends: last ex-dividend date Sep 30, 2026 ($0.5625/share); 4 payments in the past 12 months.
- Splits: none in the last 2 years.
- Insider trades (Form 4, last 12 months, recent 25 shown): 20 open-market buys, 4 sales; latest: Scott Shoemaker sold 611 shares on Sep 15, 2026.
- Latest filings: 8-K Oct 14, 2026; 8-K Oct 1, 2026; 8-K Sep 25, 2026.
- Share count: 27.57M shares outstanding (Aug 4, 2026), -1.6% vs a year earlier.
- Listing: NYSE · industry: Real Estate.
IIPR-PA market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 16, 2026 | 24.22 | 24.23 | 24.07 | 24.21 | 9.80K |
| Oct 15, 2026 | 24.04 | 24.25 | 24.04 | 24.24 | 29.03K |
| Oct 14, 2026 | 24.21 | 24.21 | 23.80 | 24.03 | 63.11K |
| Oct 13, 2026 | 24.28 | 24.28 | 24.12 | 24.22 | 23.45K |
| Oct 12, 2026 | 24.35 | 24.35 | 24.31 | 24.31 | 14.71K |
| Oct 9, 2026 | 24.18 | 24.35 | 24.18 | 24.35 | 21.03K |
| Oct 8, 2026 | 24.10 | 24.20 | 24.00 | 24.16 | 21.77K |
| Oct 7, 2026 | 23.95 | 24.14 | 23.50 | 24.09 | 58.10K |
| Oct 6, 2026 | 24.33 | 24.35 | 24.32 | 24.33 | 24.85K |
| Oct 5, 2026 | 24.36 | 24.37 | 24.26 | 24.35 | 22.98K |
| Oct 2, 2026 | 24.26 | 24.40 | 24.25 | 24.33 | 18.94K |
| Oct 1, 2026 | 24.52 | 24.54 | 23.94 | 24.21 | 118.50K |
| Sep 30, 2026 | 24.70 | 24.96 | 24.50 | 24.65 | 104.46K |
| Sep 29, 2026 | 24.81 | 24.93 | 24.81 | 24.92 | 34.43K |
| Sep 28, 2026 | 24.91 | 24.92 | 24.71 | 24.84 | 27.05K |
| Sep 25, 2026 | 24.96 | 24.99 | 24.91 | 24.91 | 21.29K |
| Sep 24, 2026 | 24.95 | 24.98 | 24.92 | 24.93 | 24.50K |
| Sep 23, 2026 | 24.97 | 25.00 | 24.95 | 24.98 | 12.24K |
| Sep 22, 2026 | 24.99 | 25.01 | 24.96 | 24.96 | 14.69K |
| Sep 21, 2026 | 24.99 | 24.99 | 24.93 | 24.98 | 13.64K |
About Innovative Industrial Properties
Innovative Industrial Properties (IIPR-PA) is listed on the NYSE and classified by the SEC under “Real Estate”. Its business address is in PARK CITY, UT. Fiscal year ends December 31. SEC CIK 1677576.
IIPR-PA board of directors & executives
From SEC Form 3/4/5 insider filings made in the last 12 months (date = latest filing).
Directors
| Name | Role | Latest filing |
|---|---|---|
| David Gerard Boyle | Director | Jun 10, 2026 |
| Alan D Gold | EXECUTIVE CHAIRMAN | Jun 23, 2026 |
| Bruce Alan Ives | Director | Sep 1, 2026 |
| Gary A Kreitzer | Director | Dec 30, 2025 |
| Scott Shoemaker | Director | Sep 17, 2026 |
| Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | Jun 23, 2026 |
Executive officers
| Name | Title | Latest filing |
|---|---|---|
| Andy Bui | VP, CHIEF ACCOUNTING OFFICER | Jan 21, 2026 |
| Alan D Gold | EXECUTIVE CHAIRMAN | Jun 23, 2026 |
| David Jon Smith | CFO AND TREASURER | Jun 23, 2026 |
| Paul E. Smithers | PRESIDENT, CEO AND DIRECTOR | Jun 23, 2026 |
Recent insider buys & sales
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| Sep 15, 2026 | Scott Shoemaker | Sale | 611 | $56.36 |
| Sep 15, 2026 | Scott Shoemaker | Sale | 611 | $56.36 |
| Sep 15, 2026 | Scott Shoemaker | Sale | 611 | $56.36 |
| Sep 15, 2026 | Scott Shoemaker | Sale | 611 | $56.36 |
| Aug 31, 2026 | Bruce Alan Ives | Buy | 528 | $56.70 |
| Aug 31, 2026 | Bruce Alan Ives | Buy | 528 | $56.70 |
| Aug 31, 2026 | Bruce Alan Ives | Buy | 528 | $56.70 |
| Aug 31, 2026 | Bruce Alan Ives | Buy | 528 | $56.70 |
| Nov 24, 2025 | Alan D Gold | Buy | 2,600 | $49.09 |
| Nov 24, 2025 | Alan D Gold | Buy | 2,600 | $49.09 |
| Nov 24, 2025 | Alan D Gold | Buy | 2,600 | $49.09 |
| Nov 24, 2025 | Alan D Gold | Buy | 2,600 | $49.09 |
| Nov 20, 2025 | David Jon Smith | Buy | 600 | $45.90 |
| Nov 20, 2025 | David Jon Smith | Buy | 600 | $45.90 |
| Nov 20, 2025 | David Jon Smith | Buy | 600 | $45.90 |
IIPR-PA financials (annual, from XBRL filings)
| Fiscal year end | Revenue | Net income | Diluted EPS | Operating cash flow |
|---|---|---|---|---|
| Dec 31, 2025 | $265.95M | $118.25M | 3.93 | $198.19M |
| Dec 31, 2024 | $308.52M | $161.66M | 5.52 | $258.45M |
| Dec 31, 2023 | $309.51M | $165.59M | 5.77 | $255.54M |
| Dec 31, 2022 | $276.36M | $154.39M | 5.52 | $234.13M |
| Dec 31, 2021 | $204.55M | $113.99M | 4.55 | $188.75M |
Latest balance sheet: total assets $2.58B, total liabilities $730.04M, cash $204.73M (as of Jun 30, 2026).
IIPR-PA earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 3, 2026 | 8-K Item 2.02 (results) | $25.18 |
| May 4, 2026 | 8-K Item 2.02 (results) | $23.15 |
| Feb 23, 2026 | 8-K Item 2.02 (results) | $22.99 |
| Nov 4, 2025 | 8-K Item 2.02 (results) | $25.03 |
| Aug 7, 2025 | 8-K Item 2.02 (results) | $25.20 |
| May 7, 2025 | 8-K Item 2.02 (results) | $24.71 |
| Feb 20, 2025 | 8-K Item 2.02 (results) | $25.98 |
| Nov 7, 2024 | 8-K Item 2.02 (results) | $26.17 |
| Aug 6, 2024 | 8-K Item 2.02 (results) | — |
| May 9, 2024 | 8-K Item 2.02 (results) | — |
| Feb 27, 2024 | 8-K Item 2.02 (results) | — |
| Nov 2, 2023 | 8-K Item 2.02 (results) | — |
Related stocks · Real Estate
Cbre (CBRE)Millrose Properties (MRP)Terreno Realty (TRNO)Blackstone Digital Infrastructure (BXDC)Curbline Properties (CURB)Cushman & Wakefield (CWK)Colliers International (CIGI)Ellington Financial (EFC)Urban Edge Properties (UE)FirstService (FSV)
Popular today
Spdr S&P 500 Etf (SPY)Micron Technology (MU)Nvidia (NVDA)Meta Platforms (META)Sandisk (SNDK)AMD (AMD)Space Exploration Technologies (SPCX)Tesla (TSLA)Apple (AAPL)Intel (INTC)Microsoft (MSFT)Amazon (AMZN)
More on IIPR-PA
Information only, not investment advice. BuyMeWhiskey is not a registered investment adviser or broker-dealer; nothing here is a recommendation to buy, sell or hold any security, and there are no price targets. Data comes from SEC EDGAR filings and public end-of-day market data and may be delayed or contain errors. Verify with the company's filings before making decisions. Prices: end-of-day data as of Oct 16, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.