Innovative Industrial Properties (IIPR) Latest Stock Analysis Report – Oct 15, 2026, 4:00 PM ET
Updated Oct 15, 2026, 4:00 PM ET
IIPR jumps 3.4% to $53.20. Closed at $53.20, +3.44% vs the prior close of $51.43. Day range $51.97–$53.21, opened at $51.97.
IIPR daily analysis — what happened
A plain-English, data-only note written after every US trading day. Newest first; older days stay archived below.
Oct 15, 2026 — IIPR jumps 3.4% to $53.20
- Closed at $53.20, +3.44% vs the prior close of $51.43. Day range $51.97–$53.21, opened at $51.97.
- Volume was 363.30K shares, 1.0x its 50-day average of 376.28K.
- Price is -3.8% vs its 50-day average ($55.31) and -3.0% vs its 200-day average ($54.87).
- 52-week range $44.58–$65.38; today's close sits at 41% of that range, 18.6% below the 52-week high.
Oct 14, 2026 — IIPR ends flat (-0.2%) to $51.43
- Closed at $51.43, -0.23% vs the prior close of $51.55. Day range $51.10–$52.66, opened at $51.75.
- Volume was 575.30K shares, 1.5x its 50-day average of 374.25K.
- Price is -7.2% vs its 50-day average ($55.42) and -6.2% vs its 200-day average ($54.85).
- 52-week range $44.58–$65.38; today's close sits at 33% of that range, 21.3% below the 52-week high.
- SEC filings that day: 8-K.
Oct 13, 2026 — IIPR rises 0.7% to $51.55
- Closed at $51.55, +0.70% vs the prior close of $51.19. Day range $50.81–$51.87, opened at $51.76.
- Volume was 428.00K shares, 1.1x its 50-day average of 373.05K.
- Price is -7.3% vs its 50-day average ($55.60) and -6.0% vs its 200-day average ($54.85).
- 52-week range $44.58–$65.38; today's close sits at 34% of that range, 21.2% below the 52-week high.
Oct 12, 2026 — IIPR dips 1.2% to $51.19
- Closed at $51.19, -1.23% vs the prior close of $51.83. Day range $50.54–$51.84, opened at $51.83.
- Volume was 283.00K shares, 0.8x its 50-day average of 375.24K.
- Price is -8.2% vs its 50-day average ($55.74) and -6.7% vs its 200-day average ($54.85).
- 52-week range $44.58–$65.38; today's close sits at 32% of that range, 21.7% below the 52-week high.
Oct 9, 2026 — IIPR ends flat (-0.2%) to $51.83
- Closed at $51.83, -0.17% vs the prior close of $51.92. Day range $51.69–$52.73, opened at $52.10.
- Volume was 208.10K shares, 0.6x its 50-day average of 375.33K — lighter than usual.
- Price is -7.3% vs its 50-day average ($55.89) and -5.5% vs its 200-day average ($54.84).
- 52-week range $44.58–$65.38; today's close sits at 35% of that range, 20.7% below the 52-week high.
- SEC filings that day: 424B5.
Oct 8, 2026 — IIPR rises 1.3% to $51.92
- Closed at $51.92, +1.35% vs the prior close of $51.23. Day range $50.50–$52.00, opened at $51.25.
- Volume was 394.30K shares, 1.1x its 50-day average of 373.60K.
- Price is -7.4% vs its 50-day average ($56.07) and -5.3% vs its 200-day average ($54.84).
- 52-week range $44.58–$65.38; today's close sits at 35% of that range, 20.6% below the 52-week high.
Oct 7, 2026 — IIPR rises 1.9% to $51.23
- Closed at $51.23, +1.93% vs the prior close of $50.26. Day range $50.10–$51.26, opened at $50.10.
- Volume was 483.20K shares, 1.3x its 50-day average of 368.63K.
- Price is -8.9% vs its 50-day average ($56.26) and -6.6% vs its 200-day average ($54.84).
- 52-week range $44.58–$65.38; today's close sits at 32% of that range, 21.6% below the 52-week high.
- SEC filings that day: 424B5.
Oct 6, 2026 — IIPR dips 0.6% to $50.26, a 3-month low
- Closed at $50.26, -0.55% vs the prior close of $50.54. Day range $49.44–$50.72, opened at $50.63.
- Volume was 478.80K shares, 1.3x its 50-day average of 367.35K.
- Price is -11.0% vs its 50-day average ($56.44) and -8.4% vs its 200-day average ($54.87).
- 52-week range $44.58–$65.38; today's close sits at 27% of that range, 23.1% below the 52-week high.
Oct 5, 2026 — IIPR ends flat (+0.0%) to $50.54
- Closed at $50.54, +0.04% vs the prior close of $50.52. Day range $49.94–$51.04, opened at $50.46.
- Volume was 363.90K shares, 1.0x its 50-day average of 364.12K.
- Price is -10.8% vs its 50-day average ($56.67) and -8.0% vs its 200-day average ($54.91).
- 52-week range $44.58–$65.38; today's close sits at 29% of that range, 22.7% below the 52-week high.
Oct 2, 2026 — IIPR dips 0.9% to $50.52, a 3-month low, 6 down days in a row
- Closed at $50.52, -0.94% vs the prior close of $51.00. Day range $50.46–$52.40, opened at $51.68.
- Volume was 453.30K shares, 1.3x its 50-day average of 361.63K.
- Price is -11.2% vs its 50-day average ($56.88) and -8.1% vs its 200-day average ($54.95).
- 52-week range $44.58–$65.38; today's close sits at 29% of that range, 22.7% below the 52-week high.
- That makes 6 straight losses.
IIPR latest news & SEC filings
Every SEC filing by or about IIPR in the last 120 days, explained in plain English. Updated daily, with a same-day refresh for new filings.
Oct 14, 2026 · 8-K — 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 · 4 — Insider trade report (Form 4)
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 · 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 · 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 · 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 · 8-K — 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 · 8-K — 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 · 4 — Insider trade report (Form 4)
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 · 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 · 4 — Insider trade report (Form 4)
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
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 · 8-K — 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 · 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 · 10-Q — Quarterly report (unaudited financial statements for the quarter)
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 · 8-K — 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
- 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 1.28% (largest 3.4%).
- Liquidity: about 500.17K shares (≈$26.61M) trade per day on average.
- 52-week position: $53.20 vs a range of $44.58–$65.38 (41% of the range).
- Dividends: last ex-dividend date Sep 30, 2026 ($1.9/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): 5 open-market buys, 1 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 market data (last 20 sessions)
| Date | Open | High | Low | Close | Volume |
|---|---|---|---|---|---|
| Oct 15, 2026 | 51.97 | 53.21 | 51.97 | 53.20 | 363.30K |
| Oct 14, 2026 | 51.75 | 52.66 | 51.10 | 51.43 | 575.30K |
| Oct 13, 2026 | 51.76 | 51.87 | 50.81 | 51.55 | 428.00K |
| Oct 12, 2026 | 51.83 | 51.84 | 50.54 | 51.19 | 283.00K |
| Oct 9, 2026 | 52.10 | 52.73 | 51.69 | 51.83 | 208.10K |
| Oct 8, 2026 | 51.25 | 52.00 | 50.50 | 51.92 | 394.30K |
| Oct 7, 2026 | 50.10 | 51.26 | 50.10 | 51.23 | 483.20K |
| Oct 6, 2026 | 50.63 | 50.72 | 49.44 | 50.26 | 478.80K |
| Oct 5, 2026 | 50.46 | 51.04 | 49.94 | 50.54 | 363.90K |
| Oct 2, 2026 | 51.68 | 52.40 | 50.46 | 50.52 | 453.30K |
| Oct 1, 2026 | 52.46 | 52.58 | 50.54 | 51.00 | 632.40K |
| Sep 30, 2026 | 52.77 | 53.31 | 52.52 | 52.68 | 1.08M |
| Sep 29, 2026 | 55.29 | 55.83 | 54.49 | 54.51 | 1.03M |
| Sep 28, 2026 | 55.14 | 55.45 | 54.59 | 55.21 | 348.80K |
| Sep 25, 2026 | 55.59 | 56.06 | 55.26 | 55.52 | 322.90K |
| Sep 24, 2026 | 55.31 | 55.92 | 55.05 | 55.59 | 370.10K |
| Sep 23, 2026 | 56.75 | 56.75 | 55.21 | 55.28 | 417.70K |
| Sep 22, 2026 | 56.62 | 56.99 | 55.90 | 56.74 | 347.90K |
| Sep 21, 2026 | 55.62 | 56.31 | 55.44 | 56.16 | 439.70K |
| Sep 18, 2026 | 56.18 | 56.43 | 55.20 | 55.62 | 989.30K |
About Innovative Industrial Properties
Innovative Industrial Properties (IIPR) 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 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 |
| Aug 31, 2026 | Bruce Alan Ives | Buy | 528 | $56.70 |
| Nov 24, 2025 | Alan D Gold | Buy | 2,600 | $49.09 |
| Nov 20, 2025 | David Jon Smith | Buy | 600 | $45.90 |
| Nov 20, 2025 | Alan D Gold | Buy | 1,000 | $45.70 |
| Nov 19, 2025 | Alan D Gold | Buy | 1,000 | $46.26 |
IIPR 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 earnings / results-day log
| Date | Filing | Close that day |
|---|---|---|
| Aug 3, 2026 | 8-K Item 2.02 (results) | $58.59 |
| May 4, 2026 | 8-K Item 2.02 (results) | $52.90 |
| Feb 23, 2026 | 8-K Item 2.02 (results) | $46.16 |
| Nov 4, 2025 | 8-K Item 2.02 (results) | $49.76 |
| Aug 7, 2025 | 8-K Item 2.02 (results) | $46.10 |
| May 7, 2025 | 8-K Item 2.02 (results) | $53.37 |
| Feb 20, 2025 | 8-K Item 2.02 (results) | $72.87 |
| Nov 7, 2024 | 8-K Item 2.02 (results) | $110.07 |
| 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) | — |
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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 15, 2026, 4:00 PM ET. Filings: SEC EDGAR. Updated after every US trading day.