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Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA) Stock Price & Analysis

Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA) — price $24.32 (+0.48%), as of the Oct 2, 2026 trading session.

Educational signal · not a buy or sell recommendation · How to read this

$24.32 +$0.115 (+0.48%)

Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock · IIPR-PA

Innovative Industrial Properties, Inc. (IIPR-PA) is a self-advised Maryland corporation structured as a REIT. The company focuses on acquiring, owning, and managing specialized properties leased to state-licensed operators for regulated medical-use cannabis facilities.

Price as of Oct 2, 2026

Key Statistics

Not scored: this is a debt/preferred or other non-common instrument, or its reported market value does not match its share basis.

Price & valuation

Dates shown where recorded
MeasureValueAs of
Latest provided price$24.32
Change on the day+0.48%
52-week range$20.86 – $25.39
Price / earnings (trailing)11.20
Shares traded on the day18.9K

Price & events

Other perspectives

Council score for Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA): perspectives

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

9-Factor Breakdown

Revenue Growth Weak
Gross Margin Strong
Operating Leverage Neutral
Cash Runway Neutral
R&D Intensity Neutral
Insider Activity Moderate
Trading Liquidity Moderate
Price Momentum Negative
News Sentiment Neutral

Legends Council

4 lenses, 0 current

AI simulations built from the named investors' published principles. Not affiliated with, endorsed by, or the opinion of these individuals. How these lenses are built

Dalio-style lens (simulated) Ray Dalio Favorable read
Englander-style lens (simulated) Izzy Englander Neutral read
Klarman-style lens (simulated) Seth Klarman Favorable read
Moon AI lens (model) Unfavorable read

Read on: Sep 1, 2026 · older than the 27 hours refresh window; not a current reading

Munger's Mindset

Balance Sheet & Valuation · historical

Financial Health Neutral
Margin of Safety Fairly Valued
Profit Margin Strong
Revenue Growth Negative
Debt/Equity Moderate
ROE Neutral
Gross Margin Strong

Read on: Apr 29, 2026 · older than the 27 hours refresh window; not a current reading

How to read these bars and different assessments

Council is a separate blend of available disciplines; MoonshotScore above remains the five-pillar research rating.

Bars show each model's ordered assessment on its own scale, not a probability or a comparable investment return. The adjacent words give the assessment; more filled segments indicate a stronger model reading.

On Apr 29, 2026, the Munger lens read the price at that time as fairly valued against its own estimate of value.

Readings on this page are from Oct 5, 2026, except a card that shows its own read date.

Watch the IIPR-PA film — every key number, told as a short cinematic story

~2 min · open the film

1 · What is it?

What is Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA), and what does it report?

Short answer · as of

A current FMP business description is unavailable; the listing and provider classification below are the available identity facts. Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA) is the company analyzed here. It employs 23 people and is led by Paul E. Smithers. In Q2 FY2026 it reported revenue of $63M and net income of $44M.

2 · Latest results

What do the latest results show for Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA)?

Short answer · as of

The most recent reported quarter, Q2 FY2026, carried revenue of $63M. Against analyst estimates the company has EPS beat 3 of 8 reports.

Quarterly income statement — 4 quarters
Revenue, net income and earnings per share by quarter
PeriodRevenueNet incomeEPS
Q2 FY2026$63M$44M$1.36 (diluted)
Q1 FY2026$69M$33M$1.02 (diluted)
Q4 FY2025$67M$32M$1.07 (diluted)
Q3 FY2025$65M$29M$0.97 (diluted)
3 · Financial strengths and risks

What are the financial strengths and risks for Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA)?

Short answer · as of

The distress and quality screens read Altman Z 0.40 · Piotroski F 6. Trailing ratios: ROE 7.4% · ROA 5.3% · current ratio 1.36 · earnings yield 9.6% · free-cash-flow yield 13.4%.

Data-derived red flags

  • Financial-distress signal — its Altman Z-Score of 0.40 sits in the distress zone (elevated bankruptcy risk).
  • Inconsistent delivery — missed Wall Street EPS estimates in 3 of the last 8 reported quarters.

What has been published about Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock (IIPR-PA)?

Read these with our analysis →

Investor Questions: IIPR-PA Stock

These answers are editorial: 1 of these 1 answer is drawn from the IIPR-PA research dossier (written Jun 1, 2026 by gemini-2.0-flash). Figures in this section are not part of the source register.

What are the main risks for IIPR-PA?

The primary risks for Innovative Industrial Properties, Inc. (IIPR-PA) include regulatory changes in the cannabis industry, which could impact tenant operations and property values. Increased competition from other REITs and private investors entering the cannabis market poses a threat to market share.

Disclaimer: This content is for informational purposes only and does not constitute investment advice. Always do your own research and consult a financial advisor.

Machine-generated analysis by Stock Expert AI — model gemini-2.0-flash, generated Jun 1, 2026. Editorial oversight is systemic, not page-by-page. Editorially accountable: Sedat ANAK, Founder and Editor-in-Chief.

Sources — records for every figure on this page (14 figures)

The 14 rows below are exactly the facts the evidence-backed sections of this page printed — the 10-second verdict, the MoonshotScore, price and market value, the five questions with their receipts, and the records behind this page. Known dates and sources are recorded on their own rows; an em dash or UNRECORDED tier preserves a stored observation without inventing either. The quarterly income statement is provider-standardized (FMP) under one row, and scale definitions — a 0-100 rating, the band ladder, the Piotroski 0–9 range — are fixed rather than measured. No number in those sections was generated by a model. The register does not cover quoted third-party headlines, the dated council readings, or the Frequently Asked Questions; each of those says where it came from where it stands.

"As of" is the date the value is true for where the source carries one — a quarter end, a filing date, a price close, the day the score was computed. A cached observation with no source date remains undated; the page publication date is not used as a substitute.

FMP — 8 facts from Financial Modeling Prep endpoint families

FMP facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.lastLatest provided price$24.32FMPFinancial Modeling Prep (FMP) · quote — Dated to the US trading session the price belongs to, derived from the quote record's timestamp (weekend and pre-open reads roll back to the previous weekday; exchange holidays are not modelled). The record does not establish an exchange execution time. Retrieved 2026-10-05T12:35:19.529Z.
px.changeChange on the day+0.48%FMPFinancial Modeling Prep (FMP) · quote
px.change_absChange on the day, in dollars+$0.115FMPFinancial Modeling Prep (FMP) · quote
px.pePrice / earnings (trailing)11.20FMPFinancial Modeling Prep (FMP) · quote
px.volumeShares traded on the day18.9KFMPFinancial Modeling Prep (FMP) · quote
fin.q_revenueRevenue, Q2 FY2026$63MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
fin.q_incomeNet income, Q2 FY2026$44MFMPFinancial Modeling Prep (FMP) · income statement (quarterly)
fin.q_tableQuarterly income statement4 quarters through Q2 FY2026FMPFinancial Modeling Prep (FMP) · income statement (quarterly), as filed

UNRECORDED — 6 facts from stored observations whose source was not recorded

UNRECORDED facts used on this page
Fact IDFactValue as shownAs ofTierSource
px.range5252-week range$20.86 – $25.39UNRECORDEDStored company-profile observation — Captured 2026-10-01
id.employeesEmployees23UNRECORDEDStored company-profile observation — Captured 2026-10-01
id.ceoChief executivePaul E. SmithersUNRECORDEDStored company-profile observation — Captured 2026-10-01
earn.historyReported versus estimated, recent quartersEPS beat 3 of 8UNRECORDEDStored earnings-history observation — Captured 2026-09-08 · Expired observation
fin.scoresDistress and quality screensAltman Z 0.40 · Piotroski F 6UNRECORDEDStored financial-scores observation — Captured 2026-08-04 · Expired observation
fin.ratiosReturn and yield ratios (trailing twelve months)ROE 7.4% · ROA 5.3% · current ratio 1.36 · earnings yield 9.6% · free-cash-flow yield 13.4%UNRECORDEDStored key metrics — Captured 2026-10-01 · Expired observation
Published
Research standards
Methodology · Editorial policy · Corrections
Data Sources & Methodology
Figures come from Financial Modeling Prep (FMP). If FMP has no figure for a ticker, a price or fundamental may come from a Yahoo Finance fallback, or a price from an Alpaca fallback. SEC EDGAR is used only for filing links and company identity details (legal name, address), never for figures. AI analysis by Stock Expert AI proprietary algorithms. Technical indicators via industry-standard calculations. Last updated: .
Data Provenance
Sources: Financial Modeling Prep (FMP) — Primary · Yahoo Finance — Fallback · Alpaca — Tertiary
Last fetched:
Cache TTL: Quote 5min · Profile 7d · Financials 7d · Insider 48h
How we use AI: Numbers are pulled directly from FMP & Yahoo Finance — our AI writes the analysis, it never edits the figures.
Data provided as-is for educational purposes. Not financial advice. Methodology

Data provided for informational purposes only.