Innovative Industrial Properties Inc (IIPR) stock
IIPRNYSEReal EstateFiscal year ends December 31Also trades as IIPR.PA, IIPR.PB
Financials through Q2 FY2026, quarter ended Jun 30, 2026Last filing: 10-Q on Aug 4, 2026Score 13/3030% below fair value
$52.04−1.42 (-2.66%)
Close on Oct 30, 2026Market cap $1.43BP/E 11.7Yield –
Price history
Innovative Industrial Properties share prices for every month, newest first. Adjusted for stock splits, not for dividends.
Close, Oct 30, 2026
$52.04
-2.66% on the day
52-week range
$44.58 – $65.38
-20.4% from the high
Change over 52 weeks
+3.9%
From $50.11 on Oct 30, 2025
Average volume
356,995
Shares a day, last 90 sessions
| Month | Open | High | Low | Close | Change | Volume |
|---|---|---|---|---|---|---|
| Oct 2026 | $52.46 | $54.78 | $49.44 | $52.04 | -1.21% | 7,607,475 |
| Sep 2026 | $56.34 | $57.72 | $52.52 | $52.68 | -7.45% | 8,567,789 |
| Aug 2026 | $59.01 | $60.70 | $54.62 | $56.92 | -3.21% | 6,800,370 |
| Jul 2026 | $61.68 | $65.38 | $58.68 | $58.81 | -5.11% | 6,803,619 |
| Jun 2026 | $57.90 | $63.64 | $56.01 | $61.98 | +6.88% | 10,673,401 |
| May 2026 | $54.05 | $61.40 | $52.85 | $57.99 | +6.89% | 6,112,676 |
| Apr 2026 | $50.00 | $57.89 | $48.51 | $54.25 | +8.15% | 7,200,664 |
| Mar 2026 | $52.39 | $56.84 | $48.65 | $50.16 | -5.29% | 6,683,018 |
| Feb 2026 | $48.32 | $54.71 | $44.85 | $52.96 | +9.60% | 6,301,671 |
| Jan 2026 | $47.74 | $52.18 | $47.46 | $48.32 | +2.03% | 6,222,404 |
| Dec 2025 | $48.73 | $59.83 | $47.16 | $47.36 | -4.23% | 11,149,845 |
| Nov 2025 | $49.79 | $53.35 | $44.58 | $49.45 | -1.40% | 6,060,082 |
| Oct 2025 | $53.70 | $58.10 | $49.29 | $50.15 | -6.40% | 6,366,542 |
| Sep 2025 | $56.07 | $58.90 | $51.96 | $53.58 | -5.44% | 6,235,249 |
| Aug 2025 | $52.00 | $56.78 | $45.50 | $56.66 | +9.59% | 8,140,864 |
| Jul 2025 | $54.82 | $57.64 | $51.23 | $51.70 | -6.37% | 5,727,451 |
| Jun 2025 | $54.95 | $59.50 | $53.80 | $55.22 | 0.00% | 5,250,887 |
| May 2025 | $54.72 | $57.71 | $52.76 | $55.22 | +1.68% | 5,132,135 |
| Apr 2025 | $53.90 | $56.83 | $45.44 | $54.31 | +0.41% | 8,552,305 |
| Mar 2025 | $72.17 | $74.92 | $49.51 | $54.09 | -24.82% | 9,596,518 |
| Feb 2025 | $69.99 | $75.71 | $69.04 | $71.95 | +0.38% | 5,238,203 |
| Jan 2025 | $67.10 | $74.40 | $62.45 | $71.68 | +7.56% | 6,180,245 |
| Dec 2024 | $109.00 | $111.11 | $64.80 | $66.64 | -38.87% | 9,856,377 |
| Nov 2024 | $130.30 | $134.31 | $101.32 | $109.02 | -15.61% | 6,376,887 |
| Oct 2024 | $134.81 | $136.81 | $127.36 | $129.19 | -4.02% | 2,807,436 |
| Sep 2024 | $123.34 | $138.35 | $119.50 | $134.60 | +8.30% | 3,662,690 |
| Aug 2024 | $123.00 | $127.36 | $107.00 | $124.28 | +1.20% | 3,776,522 |
| Jul 2024 | $108.95 | $125.45 | $107.10 | $122.81 | +12.44% | 3,773,669 |
| Jun 2024 | $109.15 | $110.50 | $105.50 | $109.22 | +1.34% | 3,159,223 |
| May 2024 | $102.74 | $115.75 | $102.00 | $107.78 | +4.24% | 5,129,085 |
| Apr 2024 | $104.00 | $104.00 | $93.52 | $103.40 | -0.14% | 3,994,555 |
| Mar 2024 | $98.15 | $105.81 | $95.39 | $103.54 | +5.66% | 4,962,006 |
| Feb 2024 | $93.63 | $99.76 | $87.52 | $97.99 | +5.11% | 4,361,762 |
| Jan 2024 | $99.98 | $101.65 | $90.01 | $93.23 | -7.53% | 5,053,322 |
| Dec 2023 | $81.25 | $105.07 | $80.83 | $100.82 | +23.46% | 6,121,654 |
| Nov 2023 | $71.65 | $82.48 | $70.62 | $81.66 | +13.69% | 4,183,748 |
| Oct 2023 | $75.25 | $79.30 | $69.08 | $71.83 | -5.06% | 5,201,899 |
| Sep 2023 | $87.75 | $89.90 | $72.72 | $75.66 | -13.31% | 5,249,458 |
| Aug 2023 | $78.72 | $89.55 | $74.81 | $87.28 | +10.16% | 5,252,509 |
| Jul 2023 | $73.11 | $81.18 | $71.20 | $79.23 | +8.52% | 4,340,031 |
| Jun 2023 | $66.03 | $75.20 | $65.16 | $73.01 | +10.45% | 6,971,340 |
| May 2023 | $68.17 | $74.81 | $65.48 | $66.10 | -3.57% | 6,699,047 |
| Apr 2023 | $76.31 | $76.31 | $63.36 | $68.55 | -9.79% | 6,167,538 |
| Mar 2023 | $87.16 | $87.92 | $73.25 | $75.99 | -14.05% | 6,830,252 |
| Feb 2023 | $89.41 | $95.74 | $81.20 | $88.41 | -1.53% | 5,801,366 |
| Jan 2023 | $102.00 | $115.55 | $81.00 | $89.78 | -11.42% | 9,713,043 |
| Dec 2022 | $121.38 | $125.38 | $99.97 | $101.35 | -16.38% | 8,162,007 |
| Nov 2022 | $110.00 | $121.21 | $102.80 | $121.21 | +12.13% | 4,993,183 |
| Oct 2022 | $89.92 | $108.92 | $88.60 | $108.10 | +22.15% | 8,425,208 |
| Sep 2022 | $90.57 | $102.98 | $87.47 | $88.50 | -3.51% | 7,449,037 |
| Aug 2022 | $96.45 | $105.93 | $90.81 | $91.72 | -4.86% | 6,258,974 |
| Jul 2022 | $109.79 | $118.11 | $88.38 | $96.41 | -12.25% | 7,282,753 |
| Jun 2022 | $133.94 | $137.33 | $107.00 | $109.87 | -17.42% | 6,164,465 |
| May 2022 | $144.74 | $149.99 | $121.03 | $133.05 | -7.98% | 7,026,218 |
| Apr 2022 | $194.00 | $208.60 | $144.50 | $144.59 | -29.61% | 9,805,726 |
| Mar 2022 | $188.59 | $211.17 | $179.64 | $205.40 | +8.99% | 4,717,019 |
| Feb 2022 | $199.91 | $204.75 | $169.00 | $188.46 | -4.91% | 3,592,403 |
| Jan 2022 | $264.25 | $265.28 | $178.00 | $198.19 | -24.62% | 5,290,860 |
| Dec 2021 | $262.55 | $269.85 | $232.14 | $262.91 | +2.37% | 5,083,441 |
| Nov 2021 | $263.59 | $288.02 | $254.41 | $256.83 | -2.38% | 4,041,927 |
| Oct 2021 | $231.56 | $268.44 | $221.03 | $263.09 | +13.81% | 3,192,104 |
| Sep 2021 | $247.98 | $253.61 | $225.45 | $231.17 | -5.99% | 4,309,000 |
| Aug 2021 | $217.78 | $248.68 | $211.00 | $245.91 | +14.38% | 3,399,980 |
| Jul 2021 | $192.00 | $217.56 | $190.47 | $214.99 | +12.55% | 4,072,575 |
| Jun 2021 | $181.37 | $196.43 | $179.00 | $191.02 | +5.99% | 3,701,383 |
| May 2021 | $183.16 | $185.87 | $162.81 | $180.23 | -1.58% | 4,048,752 |
| Apr 2021 | $185.00 | $195.78 | $174.00 | $183.13 | +1.65% | 4,071,244 |
| Mar 2021 | $199.66 | $204.39 | $160.91 | $180.16 | -7.61% | 11,068,937 |
| Feb 2021 | $188.94 | $222.08 | $175.00 | $195.00 | +4.21% | 9,014,011 |
| Jan 2021 | $184.00 | $206.45 | $170.61 | $187.12 | +2.18% | 9,751,698 |
| Dec 2020 | $154.58 | $199.35 | $146.81 | $183.13 | +19.18% | 12,197,604 |
| Nov 2020 | $117.57 | $164.99 | $117.21 | $153.66 | +31.75% | 9,543,750 |
| Oct 2020 | $125.00 | $136.63 | $112.25 | $116.63 | -6.03% | 8,651,111 |
| Sep 2020 | $123.43 | $130.25 | $108.50 | $124.11 | +0.83% | 11,305,987 |
| Aug 2020 | $104.75 | $126.10 | $102.54 | $123.09 | +18.09% | 5,850,363 |
| Jul 2020 | $89.15 | $107.00 | $88.71 | $104.23 | +18.42% | 9,209,468 |
| Jun 2020 | $82.39 | $101.48 | $82.27 | $88.02 | +7.71% | 10,632,684 |
| May 2020 | $76.52 | $87.73 | $66.86 | $81.72 | +4.15% | 7,251,838 |
| Apr 2020 | $71.00 | $80.95 | $64.68 | $78.46 | +3.33% | 9,118,373 |
| Mar 2020 | $92.65 | $101.00 | $40.21 | $75.93 | -17.41% | 14,990,738 |
| Feb 2020 | $90.57 | $108.23 | $86.50 | $91.94 | +2.73% | 8,825,790 |
| Jan 2020 | $77.55 | $95.26 | $71.90 | $89.50 | +17.96% | 13,326,057 |
| Dec 2019 | $77.56 | $79.69 | $69.61 | $75.87 | -1.99% | 8,781,937 |
| Nov 2019 | $78.40 | $87.20 | $72.30 | $77.41 | +1.86% | 8,294,973 |
| Oct 2019 | $91.45 | $92.83 | $66.61 | $76.00 | -17.72% | 9,590,228 |
| Sep 2019 | $89.02 | $98.83 | $82.15 | $92.37 | +3.60% | 9,988,297 |
| Aug 2019 | $105.46 | $115.82 | $88.00 | $89.16 | -15.62% | 8,859,770 |
| Jul 2019 | $124.71 | $139.53 | $98.50 | $105.67 | -14.48% | 14,728,219 |
| Jun 2019 | $84.03 | $137.78 | $82.14 | $123.56 | +47.04% | 11,932,883 |
| May 2019 | $85.10 | $91.27 | $78.73 | $84.03 | -1.30% | 7,150,135 |
| Apr 2019 | $82.51 | $87.99 | $75.56 | $85.14 | +4.22% | 8,452,676 |
| Mar 2019 | $79.25 | $93.24 | $66.55 | $81.69 | +3.42% | 9,888,302 |
| Feb 2019 | $62.18 | $81.60 | $59.56 | $78.99 | +27.57% | 10,839,326 |
| Jan 2019 | $44.95 | $63.53 | $44.40 | $61.92 | +36.42% | 4,315,247 |
| Dec 2018 | $50.89 | $53.98 | $42.55 | $45.39 | -8.02% | 4,264,935 |
| Nov 2018 | $41.07 | $55.63 | $39.57 | $49.35 | +20.40% | 6,525,431 |
| Oct 2018 | $49.22 | $49.74 | $39.45 | $40.99 | -15.03% | 7,275,293 |
| Sep 2018 | $46.00 | $49.49 | $38.82 | $48.24 | +6.26% | 4,050,353 |
| Aug 2018 | $32.50 | $45.50 | $32.00 | $45.40 | +40.21% | 2,812,982 |
| Jul 2018 | $36.82 | $37.00 | $31.61 | $32.38 | -11.58% | 2,070,869 |
| Jun 2018 | $38.08 | $39.75 | $34.17 | $36.62 | -2.53% | 3,871,563 |
| May 2018 | $34.50 | $38.60 | $31.80 | $37.57 | +10.05% | 2,662,792 |
| Apr 2018 | $27.35 | $36.10 | $27.11 | $34.14 | +27.63% | 2,214,448 |
| Mar 2018 | $24.96 | $32.31 | $24.38 | $26.75 | +7.17% | 2,838,274 |
| Feb 2018 | $28.60 | $28.86 | $23.63 | $24.96 | -12.64% | 2,307,572 |
| Jan 2018 | $33.75 | $36.88 | $25.18 | $28.57 | -11.58% | 8,984,498 |
| Dec 2017 | $18.06 | $32.52 | $18.06 | $32.31 | +78.02% | 3,152,015 |
| Nov 2017 | $19.94 | $19.94 | $18.08 | $18.15 | -7.91% | 473,505 |
| Oct 2017 | $18.74 | $19.95 | $17.94 | $19.71 | +5.40% | 844,240 |
| Sep 2017 | $17.17 | $18.86 | $16.51 | $18.70 | +9.48% | 553,061 |
| Aug 2017 | $18.50 | $18.52 | $16.35 | $17.08 | -6.41% | 579,094 |
| Jul 2017 | $16.75 | $18.42 | $15.72 | $18.25 | +8.96% | 838,056 |
| Jun 2017 | $17.77 | $18.00 | $16.54 | $16.75 | -5.74% | 406,335 |
| May 2017 | $18.00 | $18.18 | $16.80 | $17.77 | -1.28% | 520,430 |
| Apr 2017 | $17.41 | $18.95 | $17.19 | $18.00 | +5.51% | 1,103,553 |
| Mar 2017 | $16.29 | $17.60 | $15.45 | $17.06 | +3.33% | 792,179 |
| Feb 2017 | $18.69 | $18.77 | $16.00 | $16.51 | -11.18% | 414,995 |
| Jan 2017 | $18.61 | $19.94 | $18.00 | $18.59 | +2.19% | 818,876 |
| Dec 2016 | $20.25 | $20.52 | $14.50 | $18.19 | – | 4,238,307 |
Seasonality
IIPR return in each calendar month over the last 10 years, including dividends. The current month runs to the latest close.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Average | 1.3% | 1.9% | -2.6% | 1.1% | 1.1% | 7.1% | 1.1% | 6.4% | 0.9% | -1.4% | 5.8% | 7.5% |
| Months up | 6 of 10 | 6 of 10 | 5 of 10 | 7 of 10 | 5 of 10 | 7 of 10 | 5 of 10 | 6 of 10 | 5 of 10 | 3 of 10 | 5 of 9 | 4 of 9 |
| 2026 | 2.0% | 9.6% | -1.6% | 8.2% | 6.9% | 10.2% | -5.1% | -3.2% | -4.1% | -1.2% | ||
| 2025 | 7.6% | 0.4% | -22.5% | 0.4% | 1.7% | 3.4% | -6.4% | 9.6% | -2.1% | -6.4% | -1.4% | -0.4% |
| 2024 | -7.5% | 5.1% | 7.6% | -0.1% | 4.2% | 3.1% | 12.4% | 1.2% | 9.8% | -4.0% | -15.6% | -37.1% |
| 2023 | -11.4% | -1.5% | -12.0% | -9.8% | -3.6% | 13.2% | 8.5% | 10.2% | -11.3% | -5.1% | 13.7% | 25.7% |
| 2022 | -24.6% | -4.9% | 9.9% | -29.6% | -8.0% | -16.1% | -12.3% | -4.9% | -1.6% | 22.1% | 12.1% | -14.9% |
| 2021 | 2.2% | 4.2% | -6.9% | 1.6% | -1.6% | 6.8% | 12.5% | 14.4% | -5.4% | 13.8% | -2.4% | 3.0% |
| 2020 | 18.0% | 2.7% | -16.4% | 3.3% | 4.2% | 9.0% | 18.4% | 18.1% | 1.8% | -6.0% | 31.8% | 20.0% |
| 2019 | 36.4% | 27.6% | 4.0% | 4.2% | -1.3% | 47.8% | -14.5% | -15.6% | 4.5% | -17.7% | 1.9% | -0.7% |
| 2018 | -11.6% | -12.6% | 8.2% | 27.6% | 10.0% | -1.9% | -11.6% | 40.2% | 7.1% | -15.0% | 20.4% | -7.3% |
| 2017 | 2.2% | -11.2% | 3.3% | 5.5% | -1.3% | -4.9% | 9.0% | -6.4% | 10.4% | 5.4% | -7.9% | 79.6% |