Innovative Industrial Properties

San Diego, CA, United StatesFounded 2016

Distributor NYSE: IIPR innovativeindustrialproperties.com

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About Innovative Industrial Properties

Innovative Industrial Properties is the first publicly traded REIT focused on cannabis, acquiring and leasing industrial properties to state-licensed cannabis operators through sale-leaseback transactions on the NYSE.

Key Facts

1First and largest publicly traded cannabis-focused REIT on the NYSE with a multi-billion dollar property portfolio
2Owns over 100 properties across 19 states leased to licensed cannabis operators on long-term triple-net leases

Latest News

IIPR Tenant Defaults May Have Bottomed as Cannabis Rescheduling Advances

13d ago

Medical cannabis rescheduling progress signals potential stabilization for Innovative Industrial Properties' troubled tenant portfolio and cash flows.

IIPR Surges 14% Leading Cannabis Sector Rally Amid Market Optimism

13d ago

Innovative Industrial Properties jumps 14.03% as cannabis stocks rally sector-wide, signaling renewed investor confidence in real estate fundamentals.

IIPR Q1 Earnings: Cannabis REIT Faces Tenant Pressure Amid Rate Cuts

14d ago

Innovative Industrial Properties reports mixed Q1 results as cannabis operators struggle with lease obligations while federal rate environment shifts dynamics.

IIPR Q1 2026 Earnings: Cannabis REIT Faces Tenant Headwinds

14d ago

Innovative Industrial Properties reports mixed Q1 results as cannabis real estate fundamentals shift amid evolving regulatory landscape and tenant pressures.

IIPR Stock Climbs on Q1 Beat Despite Cannabis REIT Headwinds

14d ago

Innovative Industrial Properties posts revenue above estimates, but investor caution persists amid sector challenges and tenant payment concerns.

View all IIPR news

Frequently Asked Questions

How does IIPR's sale-leaseback model work?

IIPR buys cannabis facilities from operators and leases them back on long-term triple-net leases, providing operators with capital while IIPR earns stable rental income and dividends.