Innovative Industrial Properties (IIPR) Stock Forecast, Price Target & Predictions
IIPR Stock Forecast
Innovative Industrial Properties stock forecast is as follows: an average price target of $136.67 (represents a 5.81% upside from IIPR’s last price of $129.16) and a rating consensus of 'Hold', based on 5 wall street analysts offering a 1-year stock forecast.
IIPR Price Target
The average price target for Innovative Industrial Properties (IIPR) is $136.67 based on 1-year price targets from 5 Wall Street analysts in the past 3 months, with a price target range of $150.00 to $120.00. This represents a potential 5.81% upside from IIPR's last price of $129.16.
IIPR Analyst Ratings
According to 5 Wall Street analysts, Innovative Industrial Properties's rating consensus is 'Hold'. The analyst rating breakdown for IIPR stock is 0 'Strong Buy' (0.00%), 2 'Buy' (40.00%), 3 'Hold' (60.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Innovative Industrial Properties Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Aug 09, 2024 | Alexander Goldfarb | Piper Sandler | $120.00 | $114.94 | 4.40% | -7.09% |
| Jul 22, 2024 | Scott Fortune | Industrial Alliance Securities | $140.00 | $118.28 | 18.36% | 8.39% |
| May 31, 2024 | Alexander Goldfarb | Piper Sandler | $110.00 | $106.97 | 2.83% | -14.83% |
| Jul 19, 2022 | - | JMP Securities | $150.00 | $90.25 | 66.20% | 16.14% |
| Jun 02, 2022 | - | JMP Securities | $190.00 | $134.36 | 41.41% | 47.10% |
The latest Innovative Industrial Properties stock forecast, released on Aug 09, 2024 by Alexander Goldfarb from Piper Sandler, set a price target of $120.00, which represents a 4.40% increase from the stock price at the time of the forecast ($114.94), and a -7.09% decrease from IIPR last price ($129.16).
Innovative Industrial Properties Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 2 | 3 |
| Avg Price Target | - | $130.00 | $123.33 |
| Last Closing Price | $129.16 | $129.16 | $129.16 |
| Upside/Downside | -100.00% | 0.65% | -4.51% |
In the current month, the average price target of Innovative Industrial Properties stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Innovative Industrial Properties's last price of $129.16. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 09, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| May 31, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Mar 07, 2024 | Craig-Hallum | Hold | Hold | Hold |
| Sep 19, 2022 | Compass Point | - | Buy | Upgrade |
| Jul 19, 2022 | JMP Securities | Market Outperform | Market Outperform | Hold |
| Jun 02, 2022 | JMP Securities | Market Outperform | Market Outperform | Hold |
| May 09, 2022 | Craig-Hallum | - | Buy | Upgrade |
| Apr 26, 2022 | Zacks Investment Research | - | Hold | Upgrade |
Innovative Industrial Properties's last stock rating was published by Piper Sandler on Aug 09, 2024. The company gave IIPR a "Neutral" rating, the same as its previous rate.
Innovative Industrial Properties Financial Forecast
Innovative Industrial Properties Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | $79.16M | $77.83M | $76.46M | $76.07M | $70.46M | $70.88M | - | $64.50M | $58.94M | $53.86M | $48.87M | $42.88M | $37.09M | $34.33M | $24.35M | $21.13M | $17.67M | $11.55M |
| Avg Forecast | $83.70M | $82.90M | $82.10M | $81.30M | $84.05M | $83.12M | $82.02M | $80.78M | $79.37M | $77.42M | $77.18M | $78.32M | $76.59M | $76.37M | $73.66M | $70.56M | $68.27M | $68.20M | $68.54M | $62.74M | $57.46M | $52.29M | $45.60M | $41.50M | $37.89M | $29.55M | $24.09M | $21.03M | $14.08M | $10.44M |
| High Forecast | $85.15M | $84.33M | $83.52M | $82.71M | $85.50M | $84.55M | $83.44M | $82.17M | $80.74M | $77.58M | $78.51M | $79.68M | $76.94M | $77.69M | $74.93M | $71.78M | $69.45M | $69.38M | $68.54M | $63.22M | $57.90M | $52.68M | $45.95M | $41.81M | $38.17M | $29.78M | $24.27M | $21.19M | $14.19M | $10.51M |
| Low Forecast | $82.94M | $82.15M | $81.36M | $80.57M | $83.29M | $82.37M | $81.28M | $80.05M | $78.65M | $77.27M | $76.48M | $77.61M | $76.24M | $75.68M | $72.99M | $69.92M | $67.66M | $67.59M | $68.54M | $62.35M | $57.10M | $51.96M | $45.32M | $41.24M | $37.65M | $29.37M | $23.94M | $20.90M | $14.00M | $10.37M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.04% | 1.08% | 1.03% | 1.04% | - | 1.03% | 1.03% | 1.03% | 1.07% | 1.03% | 0.98% | 1.16% | 1.01% | 1.00% | 1.25% | 1.11% |
Innovative Industrial Properties's average Quarter revenue forecast for Mar 24 based on 2 analysts is $78.32M, with a low forecast of $77.61M, and a high forecast of $79.68M. IIPR's average Quarter revenue forecast represents a -1.06% decrease compared to the company's last Quarter revenue of $79.16M (Dec 23).
Innovative Industrial Properties EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $61.05M | $60.53M | $60.13M | $62.30M | $58.73M | $58.03M | - | $53.80M | $45.34M | $47.29M | $42.87M | $36.64M | $31.68M | $28.48M | $21.68M | $18.63M | $15.06M | $10.35M |
| Avg Forecast | $70.44M | $69.77M | $69.10M | $68.42M | $70.74M | $69.95M | $69.03M | $67.98M | $66.80M | $65.16M | $64.96M | $49.19M | $64.46M | $64.28M | $61.99M | $44.72M | $57.46M | $56.89M | $57.69M | $40.65M | $49.33M | $44.97M | $39.49M | $33.20M | $36.42M | $25.96M | $22.25M | $19.37M | $9.51M | $8.84M |
| High Forecast | $71.66M | $70.98M | $70.29M | $69.61M | $71.96M | $71.16M | $70.22M | $69.16M | $67.95M | $65.29M | $66.08M | $59.03M | $64.76M | $65.39M | $63.06M | $53.66M | $58.45M | $68.27M | $57.69M | $48.78M | $59.20M | $53.97M | $47.38M | $39.84M | $43.71M | $31.15M | $26.70M | $23.25M | $11.41M | $10.61M |
| Low Forecast | $69.81M | $69.14M | $68.47M | $67.81M | $70.10M | $69.32M | $68.41M | $67.37M | $66.19M | $65.04M | $64.37M | $39.35M | $64.17M | $63.70M | $61.43M | $35.77M | $56.94M | $45.51M | $57.69M | $32.52M | $39.46M | $35.98M | $31.59M | $26.56M | $29.14M | $20.77M | $17.80M | $15.50M | $7.61M | $7.07M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.95% | 0.94% | 0.97% | 1.39% | 1.02% | 1.02% | - | 1.32% | 0.92% | 1.05% | 1.09% | 1.10% | 0.87% | 1.10% | 0.97% | 0.96% | 1.58% | 1.17% |
2 analysts predict IIPR's average Quarter EBITDA for Mar 24 to be $49.19M, with a high of $59.03M and a low of $39.35M. This is -19.43% lower than Innovative Industrial Properties's previous annual EBITDA (Dec 23) of $61.05M.
Innovative Industrial Properties Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $41.30M | $41.26M | $40.93M | $41.09M | $41.51M | $37.62M | - | $35.05M | $18.80M | $23.89M | $29.34M | $25.93M | $21.33M | $19.21M | $13.31M | $11.87M | $9.90M | $6.52M |
| Avg Forecast | - | - | - | - | $47.29M | $46.29M | $45.00M | $43.43M | $42.67M | $41.33M | $41.72M | $43.24M | $40.22M | $40.50M | $38.38M | $39.31M | $35.43M | $36.20M | $38.82M | $35.73M | $31.15M | $28.62M | $27.02M | $23.50M | $24.52M | $17.51M | $13.66M | $12.35M | $6.25M | $5.57M |
| High Forecast | - | - | - | - | $48.35M | $47.33M | $46.01M | $44.41M | $43.63M | $42.26M | $42.65M | $51.88M | $41.12M | $41.41M | $39.24M | $47.17M | $36.23M | $43.44M | $38.82M | $42.88M | $37.38M | $34.34M | $32.43M | $28.20M | $29.43M | $21.01M | $16.40M | $14.82M | $7.50M | $6.68M |
| Low Forecast | - | - | - | - | $46.73M | $45.74M | $44.47M | $42.92M | $42.17M | $40.85M | $41.23M | $34.59M | $39.74M | $40.03M | $37.93M | $31.44M | $35.01M | $28.96M | $38.82M | $28.59M | $24.92M | $22.89M | $21.62M | $18.80M | $19.62M | $14.01M | $10.93M | $9.88M | $5.00M | $4.46M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.07% | 1.05% | 1.17% | 1.04% | - | 0.98% | 0.60% | 0.83% | 1.09% | 1.10% | 0.87% | 1.10% | 0.97% | 0.96% | 1.58% | 1.17% |
Innovative Industrial Properties's average Quarter net income forecast for Mar 24 is $43.24M, with a range of $34.59M to $51.88M. IIPR's average Quarter net income forecast represents a 4.70% increase compared to the company's last Quarter net income of $41.30M (Dec 23).
Innovative Industrial Properties SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $10.91M | $10.98M | $10.57M | $10.37M | $10.23M | $10.80M | - | $8.78M | $6.45M | $5.31M | $5.60M | $5.60M | $4.49M | $3.34M | $3.01M | $3.35M | $3.15M | $2.16M |
| Avg Forecast | $12.24M | $12.12M | $12.01M | $11.89M | $12.29M | $12.15M | $11.99M | $11.81M | $11.61M | $11.32M | $11.29M | $10.93M | $11.20M | $11.17M | $10.77M | $9.94M | $9.98M | $6.38M | $10.02M | $9.04M | $7.02M | $5.05M | $5.16M | $13.09M | $5.16M | $10.01M | $10.02M | $8.58M | $4.23M | $3.74M |
| High Forecast | $12.45M | $12.33M | $12.21M | $12.09M | $12.50M | $12.36M | $12.20M | $12.02M | $11.81M | $11.34M | $11.48M | $13.12M | $11.25M | $11.36M | $10.96M | $11.93M | $10.16M | $7.66M | $10.02M | $10.84M | $8.42M | $6.06M | $6.19M | $15.70M | $6.19M | $12.01M | $12.02M | $10.30M | $5.07M | $4.49M |
| Low Forecast | $12.13M | $12.01M | $11.90M | $11.78M | $12.18M | $12.04M | $11.89M | $11.71M | $11.50M | $11.30M | $11.18M | $8.75M | $11.15M | $11.07M | $10.67M | $7.95M | $9.89M | $5.11M | $10.02M | $7.23M | $5.61M | $4.04M | $4.13M | $10.47M | $4.13M | $8.01M | $8.01M | $6.87M | $3.38M | $2.99M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.98% | 0.98% | 1.04% | 1.02% | 1.69% | - | 0.97% | 0.92% | 1.05% | 1.09% | 0.43% | 0.87% | 0.33% | 0.30% | 0.39% | 0.75% | 0.58% |
Innovative Industrial Properties's average Quarter SG&A projection for Mar 24 is $10.93M, based on 2 Wall Street analysts, with a range of $8.75M to $13.12M. The forecast indicates a 0.22% rise compared to IIPR last annual SG&A of $10.91M (Dec 23).
Innovative Industrial Properties EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jul 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 1 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 2 | 3 | 3 | 3 | 4 | 4 | 7 | 4 | 4 | 3 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.47 | $1.46 | $1.45 | $1.47 | $1.33 | - | $1.35 | $0.79 | $1.00 | $1.21 | $1.07 | $0.91 | $0.87 | $0.73 | $0.72 | $0.79 | $0.56 |
| Avg Forecast | - | - | - | - | $1.66 | $1.62 | $1.57 | $1.52 | $1.49 | $1.45 | $1.46 | $1.43 | $1.41 | $1.42 | $1.34 | $1.31 | $1.24 | $1.30 | $1.36 | $1.36 | $1.25 | $1.16 | $1.11 | $0.97 | $1.04 | $0.79 | $0.75 | $0.73 | $0.61 | $0.47 |
| High Forecast | - | - | - | - | $1.69 | $1.66 | $1.61 | $1.55 | $1.53 | $1.48 | $1.49 | $1.46 | $1.44 | $1.45 | $1.37 | $1.34 | $1.27 | $1.33 | $1.36 | $1.37 | $1.26 | $1.17 | $1.12 | $0.98 | $1.05 | $0.79 | $0.76 | $0.73 | $0.62 | $0.47 |
| Low Forecast | - | - | - | - | $1.64 | $1.60 | $1.56 | $1.50 | $1.48 | $1.43 | $1.44 | $1.42 | $1.39 | $1.40 | $1.33 | $1.29 | $1.23 | $1.29 | $1.36 | $1.35 | $1.23 | $1.15 | $1.10 | $0.96 | $1.03 | $0.78 | $0.75 | $0.72 | $0.61 | $0.46 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 1.04% | 1.09% | 1.11% | 1.19% | 1.02% | - | 0.99% | 0.63% | 0.86% | 1.09% | 1.10% | 0.87% | 1.11% | 0.97% | 0.99% | 1.30% | 1.20% |
According to 2 Wall Street analysts, Innovative Industrial Properties's projected average Quarter EPS for Mar 24 is $1.43, with a low estimate of $1.42 and a high estimate of $1.46. This represents a 95400.00% increase compared to IIPR previous annual EPS of - (Dec 23).
Innovative Industrial Properties Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| PLD | Prologis | $129.98 | $145.67 | 12.07% | Buy |
| COLD | Americold Realty Trust | $29.02 | $32.25 | 11.13% | Buy |
| REXR | Rexford Industrial Realty | $50.59 | $54.00 | 6.74% | Buy |
| IIPR | Innovative Industrial Properties | $129.16 | $136.67 | 5.81% | Hold |
| NSA | National Storage Affiliates Trust | $47.66 | $49.00 | 2.81% | Hold |
| STAG | STAG Industrial | $40.04 | $39.69 | -0.87% | Buy |
| LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |
| EXR | Extra Space Storage | $177.90 | $169.56 | -4.69% | Buy |
| PSA | Public Storage | $359.16 | $333.09 | -7.26% | Buy |
| CUBE | CubeSmart | $54.00 | $48.88 | -9.48% | Buy |
IIPR Forecast FAQ
Is Innovative Industrial Properties a good buy?
No, according to 5 Wall Street analysts, Innovative Industrial Properties (IIPR) is considered a 'Hold'. The rating consensus is based on 0 'Strong Buy' and 2 'Buy' recommendations, accounting for 40.00% of IIPR's total ratings.
What is IIPR's price target?
Innovative Industrial Properties (IIPR) average price target is $136.67 with a range of $120 to $150, implying a 5.81% from its last price of $129.16. The data is based on 5 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Innovative Industrial Properties stock go up soon?
According to Wall Street analysts' prediction for IIPR stock, the company can go up by 5.81% (from the last price of $129.16 to the average price target of $136.67), up by 16.14% based on the highest stock price target, and down by -7.09% based on the lowest stock price target.
Can Innovative Industrial Properties stock reach $200?
IIPR's average twelve months analyst stock price target of $136.67 does not support the claim that Innovative Industrial Properties can reach $200 in the near future.
What are Innovative Industrial Properties's analysts' financial forecasts?
Innovative Industrial Properties's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $329.96M (high $335.67M, low $326.98M), average EBITDA is $277.71M (high $282.51M, low $275.2M), average net income is $182M (high $186.1M, low $179.87M), average SG&A $48.25M (high $49.08M, low $47.81M), and average EPS is $6.37 (high $6.51, low $6.3). IIPR's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $330M (high $335.71M, low $327.02M), average EBITDA is $277.74M (high $282.54M, low $275.23M), average net income is $0 (high $0, low $0), average SG&A $48.26M (high $49.09M, low $47.82M), and average EPS is $0 (high $0, low $0).
Did the IIPR's actual financial results beat the analysts' financial forecasts?
Based on Innovative Industrial Properties's last annual report (Dec 2023), the company's revenue was $309.51M, beating the average analysts forecast of $297.18M by 4.15%. Apple's EBITDA was $241.78M, beating the average prediction of $235.45M by 2.69%. The company's net income was $164.24M, beating the average estimation of $158.4M by 3.68%. Apple's SG&A was $42.83M, missing the average forecast of $43.08M by -0.57%. Lastly, the company's EPS was $0.0058, missing the average prediction of $5.48 by -99.89%. In terms of the last quarterly report (Dec 2023), Innovative Industrial Properties's revenue was $79.16M, beating the average analysts' forecast of $76.59M by 3.35%. The company's EBITDA was $61.06M, missing the average prediction of $64.46M by -5.29%. Innovative Industrial Properties's net income was $41.3M, beating the average estimation of $40.22M by 2.68%. The company's SG&A was $10.91M, missing the average forecast of $11.2M by -2.61%. Lastly, the company's EPS was $0.0015, missing the average prediction of $1.41 by -99.89%