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 $136.00 (represents a 29.15% upside from IIPR’s last price of $105.30) 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 $136.00 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 $118.00. This represents a potential 29.15% upside from IIPR's last price of $105.30.
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 |
|---|---|---|---|---|---|---|
| Nov 15, 2024 | Alexander Goldfarb | Piper Sandler | $118.00 | $103.25 | 14.29% | 12.06% |
| Aug 09, 2024 | Alexander Goldfarb | Piper Sandler | $120.00 | $114.94 | 4.40% | 13.96% |
| Jul 22, 2024 | Scott Fortune | Industrial Alliance Securities | $140.00 | $118.28 | 18.36% | 32.95% |
| May 31, 2024 | Alexander Goldfarb | Piper Sandler | $110.00 | $106.97 | 2.83% | 4.46% |
| Jul 19, 2022 | - | JMP Securities | $150.00 | $90.25 | 66.20% | 42.45% |
| Jun 02, 2022 | - | JMP Securities | $190.00 | $134.36 | 41.41% | 80.44% |
The latest Innovative Industrial Properties stock forecast, released on Nov 15, 2024 by Alexander Goldfarb from Piper Sandler, set a price target of $118.00, which represents a 14.29% increase from the stock price at the time of the forecast ($103.25), and a 12.06% increase from IIPR last price ($105.30).
Innovative Industrial Properties Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 1 | 1 | 4 |
| Avg Price Target | $118.00 | $118.00 | $122.00 |
| Last Closing Price | $105.30 | $105.30 | $105.30 |
| Upside/Downside | 12.06% | 12.06% | 15.86% |
In the current month, the average price target of Innovative Industrial Properties stock is $118.00, according to 1 Wall Street analyst offering twelve months forecast. The average price target represents a 12.06% increase as opposed to Innovative Industrial Properties's last price of $105.30. This month's average price target is down 0.00% compared to last quarter, and down -3.28% 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 | Jun 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 | $70.51M | $64.50M | $58.94M | $53.86M | $48.87M | $42.88M | $37.09M | $34.33M | $24.35M | $21.13M | $17.67M | $11.55M |
| Avg Forecast | $80.90M | $80.10M | $79.30M | $78.60M | $81.38M | $80.76M | $79.95M | $78.94M | $77.76M | $77.30M | $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 | $82.02M | $81.21M | $80.40M | $79.69M | $82.51M | $81.87M | $81.06M | $79.50M | $77.81M | $77.35M | $77.18M | $78.32M | $76.94M | $76.37M | $74.68M | $71.54M | $69.22M | $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 |
| Low Forecast | $79.86M | $79.07M | $78.28M | $77.59M | $80.34M | $79.72M | $78.92M | $78.39M | $77.71M | $77.24M | $77.18M | $78.32M | $76.24M | $76.37M | $72.71M | $69.65M | $67.40M | $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 |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 9 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.04% | 1.08% | 1.03% | 1.04% | 1.03% | 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 $78.32M, and a high forecast of $78.32M. 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 | Jun 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 | 3 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 9 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | $61.05M | $60.53M | $60.13M | $62.30M | $58.73M | $58.03M | $59.96M | $53.80M | $45.34M | $47.29M | $42.87M | $36.64M | $31.68M | $28.48M | $21.68M | $18.63M | $15.06M | $10.35M |
| Avg Forecast | $65.85M | $65.20M | $64.55M | $63.98M | $66.24M | $65.73M | $65.08M | $64.26M | $63.30M | $62.92M | $62.82M | $49.19M | $62.35M | $62.16M | $59.95M | $44.72M | $54.26M | $57.40M | $57.69M | $40.65M | $48.36M | $44.01M | $38.38M | $33.20M | $31.89M | $24.87M | $20.27M | $19.37M | $11.85M | $8.78M |
| High Forecast | $66.76M | $66.10M | $65.44M | $64.87M | $67.16M | $66.64M | $65.98M | $64.71M | $63.34M | $62.96M | $62.82M | $59.03M | $62.63M | $62.16M | $60.79M | $53.66M | $65.12M | $57.40M | $57.69M | $48.78M | $48.36M | $44.01M | $38.38M | $39.84M | $31.89M | $24.87M | $20.27M | $23.25M | $11.85M | $8.78M |
| Low Forecast | $65.00M | $64.36M | $63.72M | $63.16M | $65.39M | $64.89M | $64.24M | $63.80M | $63.26M | $62.87M | $62.82M | $39.35M | $62.06M | $62.16M | $59.18M | $35.77M | $43.41M | $57.40M | $57.69M | $32.52M | $48.36M | $44.01M | $38.38M | $26.56M | $31.89M | $24.87M | $20.27M | $15.50M | $11.85M | $8.78M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.98% | 0.97% | 1.00% | 1.39% | 1.08% | 1.01% | 1.04% | 1.32% | 0.94% | 1.07% | 1.12% | 1.10% | 0.99% | 1.15% | 1.07% | 0.96% | 1.27% | 1.18% |
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 | Jun 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 | 3 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 9 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | $41.30M | $41.26M | $40.93M | $41.09M | $41.51M | $37.62M | $40.21M | $35.05M | $18.80M | $23.89M | $29.34M | $25.93M | $21.33M | $19.21M | $13.31M | $11.87M | $9.90M | $6.52M |
| Avg Forecast | - | - | - | - | $42.30M | $41.73M | $40.87M | $39.73M | $39.82M | $41.35M | $41.73M | $43.24M | $40.23M | $40.51M | $38.39M | $39.31M | $34.26M | $37.26M | $38.97M | $35.73M | $35.57M | $33.20M | $31.83M | $23.50M | $29.77M | $22.43M | $21.50M | $12.35M | $17.43M | $13.29M |
| High Forecast | - | - | - | - | $43.06M | $42.48M | $41.61M | $40.44M | $40.54M | $42.79M | $43.40M | $51.88M | $40.95M | $40.94M | $39.08M | $47.17M | $41.12M | $37.72M | $38.97M | $42.88M | $35.57M | $34.39M | $31.83M | $28.20M | $29.77M | $22.43M | $21.50M | $14.82M | $17.43M | $13.29M |
| Low Forecast | - | - | - | - | $41.59M | $41.03M | $40.19M | $39.55M | $39.16M | $39.90M | $40.05M | $34.59M | $39.55M | $40.08M | $37.75M | $31.44M | $27.41M | $36.80M | $38.97M | $28.59M | $35.57M | $32.01M | $31.83M | $18.80M | $29.77M | $22.43M | $21.50M | $9.88M | $17.43M | $13.29M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 1.03% | 1.02% | 1.07% | 1.05% | 1.21% | 1.01% | 1.03% | 0.98% | 0.53% | 0.72% | 0.92% | 1.10% | 0.72% | 0.86% | 0.62% | 0.96% | 0.57% | 0.49% |
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 | Jun 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 | 3 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 9 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | $10.91M | $10.98M | $10.57M | $10.37M | $10.23M | $10.80M | $8.71M | $8.78M | $6.45M | $5.31M | $5.60M | $5.60M | $4.49M | $3.34M | $3.01M | $3.35M | $3.15M | $2.16M |
| Avg Forecast | $11.83M | $11.71M | $11.60M | $11.49M | $11.90M | $11.81M | $11.69M | $11.54M | $11.37M | $11.30M | $11.29M | $10.93M | $11.20M | $11.17M | $10.77M | $9.94M | $7.72M | $9.97M | $10.02M | $9.04M | $8.40M | $7.65M | $6.67M | $13.09M | $5.54M | $4.32M | $3.52M | $8.58M | $2.06M | $1.53M |
| High Forecast | $11.99M | $11.88M | $11.76M | $11.65M | $12.07M | $11.97M | $11.85M | $11.63M | $11.38M | $11.31M | $11.29M | $13.12M | $11.25M | $11.17M | $10.92M | $11.93M | $9.26M | $9.97M | $10.02M | $10.84M | $8.40M | $7.65M | $6.67M | $15.70M | $5.54M | $4.32M | $3.52M | $10.30M | $2.06M | $1.53M |
| Low Forecast | $11.68M | $11.56M | $11.45M | $11.35M | $11.75M | $11.66M | $11.54M | $11.46M | $11.36M | $11.30M | $11.29M | $8.75M | $11.15M | $11.17M | $10.63M | $7.95M | $6.18M | $9.97M | $10.02M | $7.23M | $8.40M | $7.65M | $6.67M | $10.47M | $5.54M | $4.32M | $3.52M | $6.87M | $2.06M | $1.53M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.97% | 0.98% | 0.98% | 1.04% | 1.33% | 1.08% | 0.87% | 0.97% | 0.77% | 0.69% | 0.84% | 0.43% | 0.81% | 0.77% | 0.85% | 0.39% | 1.53% | 1.41% |
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 | Jun 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 | 3 | 2 | 1 | 2 | 2 | 4 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 10 | 10 | 10 | 10 | 9 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.47 | $1.46 | $1.45 | $1.47 | $1.33 | $1.42 | $1.35 | $0.79 | $1.00 | $1.21 | $1.07 | $0.91 | $0.87 | $0.73 | $0.72 | $0.79 | $0.56 |
| Avg Forecast | - | - | - | - | $1.48 | $1.46 | $1.43 | $1.39 | $1.39 | $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 | - | - | - | - | $1.51 | $1.49 | $1.46 | $1.42 | $1.42 | $1.50 | $1.52 | $1.50 | $1.43 | $1.43 | $1.37 | $1.37 | $1.26 | $1.32 | $1.36 | $1.39 | $1.25 | $1.20 | $1.11 | $0.97 | $1.04 | $0.79 | $0.75 | $0.73 | $0.61 | $0.47 |
| Low Forecast | - | - | - | - | $1.46 | $1.44 | $1.41 | $1.38 | $1.37 | $1.40 | $1.40 | $1.36 | $1.38 | $1.40 | $1.32 | $1.25 | $1.22 | $1.29 | $1.36 | $1.32 | $1.25 | $1.12 | $1.11 | $0.97 | $1.04 | $0.79 | $0.75 | $0.73 | $0.61 | $0.47 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | 0.00% | 1.04% | 1.09% | 1.11% | 1.19% | 1.02% | 1.04% | 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 $1.36 and a high estimate of $1.50. 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 |
|---|---|---|---|---|---|
| COLD | Americold Realty Trust | $22.81 | $32.25 | 41.39% | Buy |
| IIPR | Innovative Industrial Properties | $105.30 | $136.00 | 29.15% | Hold |
| REXR | Rexford Industrial Realty | $42.68 | $54.00 | 26.52% | Buy |
| PLD | Prologis | $114.54 | $142.87 | 24.73% | Buy |
| NSA | National Storage Affiliates Trust | $43.90 | $49.00 | 11.62% | Hold |
| STAG | STAG Industrial | $35.99 | $39.69 | 10.28% | Buy |
| CUBE | CubeSmart | $48.31 | $52.00 | 7.64% | Buy |
| EXR | Extra Space Storage | $165.04 | $174.09 | 5.48% | Buy |
| PSA | Public Storage | $332.86 | $336.91 | 1.22% | Buy |
| LSI | Life Storage | $133.10 | $131.14 | -1.47% | Buy |