
IIPR Stock Forecast & Price Target
IIPR Analyst Ratings
Bulls say
Innovative Industrial Properties Inc. has successfully increased its line of credit from $50 million to $87.5 million, showcasing its strong financial positioning and ability to secure favorable financing terms. The company's tenant roster demonstrates better profitability compared to the broader cannabis industry, with a Core Funds From Operations (FFO) of $2.03 per share exceeding both the analyst estimate and consensus. Additionally, the strategic adjustments in lease terms with PharmaCann indicate proactive management of tenant relationships, which combined with significant tenant investments in infrastructure, suggests a solid foundation for future earnings growth.
Bears say
Innovative Industrial Properties Inc. faces a negative outlook due to a recent default by tenant PharmaCann, which marked its second default in under three months, raising concerns over rental income stability and the potential for difficulty in re-leasing properties. The cannabis industry is experiencing declining profitability, coupled with increasing competitive pressures, which are likely to impact the company's ability to attract tenants willing to pay favorable lease terms. Additionally, lowered core funds from operations (FFO) estimates for 2025 and 2026 indicate that the company's profitability may not meet prior expectations, further detracting from its financial standing.
This aggregate rating is based on analysts' research of Innovative Industrial Properties and is not a guaranteed prediction by Public.com or investment advice.
IIPR Analyst Forecast & Price Prediction
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