I
IIPR'A
NOW TRADING POST CALL DATE
About this security
IIPR'A is a 9% cumulative perpetual preferred stock issued by INNOVATIVE INDUSTRIAL PROPERTIES INC, a REIT - Diversified issuer. $25 liquidation preference, current yield 8.97%, callable from 2022-10-19.
INNOVATIVE INDUSTRIAL PROPERTIES INC: Innovative Industrial Properties (IIPR) is an internally managed real estate investment trust (REIT) focused on acquiring, owning, and managing specialized industrial and commercial properties across the United States. The company's portfolio primarily consists of facilities leased on a triple-net basis to state-licensed cannabis operators, with properties typically acquired through sale-leaseback transactions or third-party purchases. Under triple-net leases, tenants bear responsibility for structural repairs, maintenance, taxes, and insurance. Beyond cannabis real estate, IIPR also holds financial investments in the life science sector and is actively pursuing property acquisitions in that industry as part of its broader growth strategy. ↗
Issuer page — all INNOVATIVE INDUSTRIAL PROPERTIES INC securities & profile →
Key Stats ✓ terms from SEC filing — verify via link below ✓ verified against SEC filing
vs. REIT - Diversified category (121 issues): yield 8.97% vs avg 8.17% · discount +0.3% vs avg -14.1%
Quote
| IIPR'A (preferred) | IIPR (common) | |
|---|---|---|
| Last | $25.07 | $60.49 |
| Change | — | — |
| Open | $25.05 | $61.94 |
| High / Low | $25.09 / $25.02 | $62.30 / $59.92 |
| Prev Close | — | — |
| Volume | 22,146 | 563,262 |
| 52-Week High / Low | $25.39 / $20.86 | $62.30 / $44.58 |
52-week range based on available history. Shares outstanding / market cap require a fundamentals feed (not in current data plan).
Price
Dividend History
| Ex-Date | Amount / Share |
|---|---|
| 2026-06-30 | $0.562500 |
| 2026-03-31 | $0.562500 |
| 2025-12-31 | $0.562500 |
| 2025-09-30 | $0.562500 |
| 2025-06-30 | $0.562500 |
| 2025-03-31 | $0.562500 |
| 2024-12-31 | $0.562500 |
| 2024-09-30 | $0.562500 |
| 2024-06-28 | $0.562500 |
| 2024-03-27 | $0.562500 |
| 2023-12-28 | $0.562500 |
| 2023-09-28 | $0.562500 |
Performance — $10K Calculator
Dividends reinvested (DRIP) at the close on each ex-date. Full performance page →
Prospectus (SEC 424B5)
We are offering 600,000 shares of our 9.00% Series A Cumulative Redeemable Preferred Stock, $0.001 par value per share (the "Series A Preferred Stock").
Use of proceeds: Net proceeds are intended to be used to fund property acquisitions in the company's pipeline and for general corporate purposes (per Use of Proceeds section).
News — INNOVATIVE INDUSTRIAL PROPERTIES INC
- Centaurus Financial Inc. Takes Position in Innovative Industrial Properties, Inc. $IIPR — thelincolnianonline.com · Aug 29, 2026
- Innovative Industrial Properties (IIPR) Stock May Be A Bargain On Tenant Risk — simplywall.st · Aug 28, 2026
- OMERS ADMINISTRATION Corp Acquires Shares of 25,100 Innovative Industrial Properties, Inc. $IIPR — thelincolnianonline.com · Aug 27, 2026
- Innovative Industrial Properties (NYSE:IIPR) Gains Focus As Cannabis Rescheduling Advances — kalkinemedia.com · Aug 24, 2026
- Should Upgraded Earnings Estimates and Oversold Trading in IIPR Require Action From Innovative Industrial Properties Investors? — simplywall.st · Aug 20, 2026
- Down 12.9% in 4 Weeks, Here's Why You Should You Buy the Dip in Innovative Industrial Properties (IIPR) — zacks.com · Aug 19, 2026
Issuer news via Tiingo — filtered to stories about IIPR.