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IIPR
Volume: 289.7K
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IIPR Stock Forecast & Price Target

IIPR Analyst Ratings

Based on 10 analyst ratings
Buy
Strong Buy 50%
Buy 20%
Hold 10%
Sell 10%
Strong Sell 10%

Bulls say

Innovative Industrial Properties Inc (IIPR) demonstrates a positive outlook due to its increased credit facility, which has expanded from $50 million to $87.5 million, highlighting its access to additional capital for growth and stability within the evolving cannabis market. The company reported a Core Funds From Operations (Core FFO) of $2.03 per share, surpassing both internal estimates and consensus estimates, indicating strong earnings performance relative to expectations. Furthermore, IIPR's strategic agreements with tenants, such as PharmaCann, to address lease defaults and its focus on properties tailored for the cannabis industry position it favorably within a market that presents both challenges and opportunities for profitability.

Bears say

The financial outlook for Innovative Industrial Properties Inc. is negatively impacted by stagnant year-over-year revenue, as FY'24 revenue remained flat at $308.5 million, combined with declining profitability within the broader cannabis industry. The recent default by PharmaCann, occurring for the second time in under three months, raises concerns about tenant stability and the company's ability to maintain its leasing terms, contributing to a decline in AFFO per share by 7% year-over-year. Furthermore, the stock has experienced a 26% drop since PharmaCann's initial lease default, highlighting significant competition risks and challenges in leasing properties, which could lead to further financial losses for the company.

IIPR has been analyzed by 10 analysts, with a consensus rating of Buy. 50% of analysts recommend a Strong Buy, 20% recommend Buy, 10% suggest Holding, 10% advise Selling, and 10% predict a Strong Sell.

This aggregate rating is based on analysts' research of Innovative Industrial Properties and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Innovative Industrial Properties (IIPR) Forecast

Analysts have given IIPR a Buy based on their latest research and market trends.

According to 10 analysts, IIPR has a Buy consensus rating as of Aug 1, 2025. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $130.20, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $130.20, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Innovative Industrial Properties (IIPR)

Volume: 289.7K

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