Innovative Industrial Properties, Inc. (IIPR)
NYSEReal EstateReit - IndustrialSnapshot 2026-11-05
$55.30-1.83%
Close 2026-11-05 · 1-day change
NYSEReal EstateReit - IndustrialSnapshot 2026-11-05
QuarterlyIQ Insights · IIPR
What must go right, what could break, what the price assumes, and what evidence comes next.
The current health of the standing investment case.
Recent financial performance is still in the top half of its industry but slipped notably this past month — worth watching.
One-year growth currently built into the price, compared with our model's estimate.
| Measure | Marker shape | Value |
|---|---|---|
| Growth built into the price | circle | -23.0% |
| Our one-year growth estimate | diamond | -2.7% |
For each item: what to watch, what would become a concern, and what would make it less concerning.
A reporting-risk estimate, not a forecast of the stock-price response.
Historical relationships that met the evidence threshold. They do not prove cause or forecast a move.
Usually moved in the same direction.
Price observations: 365 days
Usually moved in the opposite direction.
Price observations: 365 days
Most sensitive to the broad stock market and long-term interest rates.
Based on historical daily prices through 2026-11-05.
Past price behavior in dollars on a $10,000 position. This does not measure permanent business risk.
How much price usually moves either way.
Use the underlying financial and sector pages to investigate the cause.
Not investment advice. Scores describe historical and current data; they are not forecasts of future returns. Consult a licensed advisor before making investment decisions.
Growth built into the price is above our model estimate.
The price assumes 20.3 percentage points less one-year growth.
The one-year revenue growth assumption on Valuation.
Model as of 2026-11-05 · Compared with 12 industry peers · Company calendar date is not available
IIPR — credit agreement
Dated 2026-10-27
Entry into a Material Definitive Agreement. Amendment Number Six to Loan Agreement On October 21, 2026, Innovative Industrial Properties, Inc. (the “Company”), through its operating partnership, IIP Operating Partnership, LP (“IIP OP”), entered into Amendment Number Six to Loan Agreement (the “Sixth Amendment”), by and among IIP OP, as borrower, East West Bank, as agent (in such capacity, the “Agent”) and a lender, and the other financial institutions party thereto as lenders (collectively wi…
Why it matters: The loan maturity was extended to January 21, 2027. A repayment or new extension would settle this near-term debt question.
Worry ifIIP says the $62.5 million balance is still unpaid as January 21, 2027 nears. It has disclosed no further extension.
Less concerning ifIIP pays off the $62.5 million balance or reports a new extension before January 21, 2027.
Why it matters: The $245 million loan is a major life science investment. Its yield depends on future advances and the borrower's payments.
Watch forIIP funds later advances as agreed, and reports the loan earning about 15.8%, subject to its 14% floor.
Also watch forIIP reports missed loan payments, failed funding conditions, or a yield below the 14% floor.
Why it matters: IIP has kept the quarterly dividend at $1.90 for five straight quarters. A change would mark a shift in that record.
Watch forThe board declares a quarterly dividend of at least $1.90 per common share.
Also watch forThe board declares a quarterly dividend below $1.90 per common share.
Why it matters: IIP has tentative new tenant deals for four 4Front sites. The deals still need approvals and the receivership to end.
Supportive ifIIP reports that all four new 4Front leases are in force after approvals and receivership proceedings end.
Worry ifOne or more of the four leases fails to take effect, or the proceedings continue past early 2027.
We watch for confirming and disproving signals on each item. Resolutions are found automatically where possible and checked by hand for unclear cases. Last 90 days shown.
A larger daily loss that occurred about once in every 20 trading days.
Deepest peak-to-trough drop in the last year.
| Measure | Value | Meaning |
|---|---|---|
| Typical day | ±$103 on $10,000 · ±1.0% | How much price usually moves either way. |
| Bad day | $331 loss on $10,000 · 3.3% | A larger daily loss that occurred about once in every 20 trading days. |
| Largest peak-to-trough drop in the past year | $2,228 loss on $10,000 · 22.3% | Deepest peak-to-trough drop in the last year. |
Past year. 1.00 means similar movement; 1.20 means about 20% more.
Past year. 1.00 means similar movement to the sector. This is secondary context.
Latest 30 trading days, shown as an annual percentage.
Latest 252 trading days, shown as an annual percentage.
20-trading-day average in US dollars.
Trading days used by the source risk snapshot.
Past results, not a forecast. Not investment advice.