IIPR Innovative Industrial Properties (IIPR) Insider Trading, Ownership & Congress Trades
Real Estate · Real estate · CIK 0001677576
C-suite buying · 1
House members buying, 1 year
0
STOCK Act, US House only, disclosed up to 45 days after the trade
Funds added, last quarter
0
13F, latest reported quarter
What the filings say about IIPR
Insiders, 180 days
+$995.5K net bought
2 buyers · 1 seller · 0% of sales under a 10b5-1 plan
Innovative Industrial Properties insider trades (Form 4)
Form 4 buys and sells (codes P and S). Grants, option exercises
and conversions excluded.
Over the last 180 days, INNOVATIVE INDUSTRIAL PROPERTIES INC insiders bought a net $995.5K of stock across 28 Form 4 purchases and sales, with 2 insiders buying. Source: SEC Form 4 filings, as of 2026-10-27.
Insider
Filed
Shares
Value
Since filing
Context
- 11 earlier Form 4 trades (code P or S) here by this insider (5 buys, 6 sales), the last on Nov 24, 2025.
- +7.9% median (+9.4% mean) 90-day return after 5 previous buys.
- The trade is 100.0% of the 40,000 shares held after it.
- No other insider bought within 30 days.
Insider activity: EXECUTIVE CHAIRMAN Gold Alan D bought about $1.0M of IIPR on Oct 8, 2026, the largest insider purchase at the company on our record.Context
- 1 earlier Form 4 trade (code P or S) here by this insider (1 sale), the last on Sep 15, 2021.
- The trade is 30.6% of the 2,000 shares held after it.
- No other insider sold within 30 days.
Insider activity: Director Shoemaker Scott sold about $34.4K of IIPR on Sep 15, 2026, the largest insider sale at the company since 2025.Context
- First Form 4 purchase or sale (code P or S) here by this insider on our record.
- The trade is 16.6% of the 3,180 shares held after it.
- No other insider bought within 30 days.
Insider activity: Director Ives Bruce Alan bought about $29.9K of IIPR on Aug 31, 2026.Context
- 10 earlier Form 4 trades (code P or S) here by this insider (4 buys, 6 sales), the last on Nov 20, 2025.
- +13.1% median (+12.4% mean) 90-day return after 4 previous buys.
- The trade is 100.0% of the 2,600 shares held after it.
- 1 other insider bought within 30 days.
Insider activity: EXECUTIVE CHAIRMAN Gold Alan D bought about $127.6K of IIPR on Nov 24, 2025, the largest insider purchase at the company on our record; 1 other insider bought within 30 days.Context
- 9 earlier Form 4 trades (code P or S) here by this insider (3 buys, 6 sales), the last on Nov 19, 2025.
- +18.4% median (+13.9% mean) 90-day return after 3 previous buys.
- The trade is 1.7% of the 58,500 shares held after it.
- 1 other insider bought within 30 days.
Insider activity: EXECUTIVE CHAIRMAN Gold Alan D bought about $45.7K of IIPR on Nov 20, 2025; 1 other insider bought within 30 days.28 transactions on record
Since filing: total return from the first close after the filing to the latest close, dividend-adjusted. Not a forecast.
Context lines are counts over the filings above and returns from our own price history, never a price level. Not investment advice.
Seven facts, ranked against the sector ·
Rank is not a forecast
Insiders
net +$995.5K over 180 days
+$995.5K over 90 days
more than 92% of Real Estate
Congress
no House purchase disclosed in the last 12 months
Funds
under five funds report holding it
Revenue
-13.8% year over year
below 89% of Real Estate
Margin
44.5% net margin
more than 80% of Real Estate
Buybacks
$89.0M repurchased, FY to 2026-06-30
more than 81% of Real Estate
Short interest
15.8% of the float short (float per yahoo 2026-10-26) · 8.0 days to cover · settled 2026-09-30
more than 97% of Real Estate
What changed in the last 30 days
Oct 13EXECUTIVE CHAIRMAN Gold Alan D bought $1.0M (Oct 8)
Watch IIPR
A free account keeps a watchlist and can send one email a day when insiders, funds or Congress file on the names in it. No password and no card.
The year, with the filings on it
Total return over 12 months. Each marker is a filing; hover or tap one for the detail.
+13.1%12M
Insider buyInsider sell
Indexed to 100, dividend-adjusted, not a price chart.
When a name files heavily, the largest trades are drawn first.
Who owns IIPR: institutional holders (13F)
13F holdings, latest reported quarter
SEC 13F
No reported 13F holders
No fund above the reporting threshold listed this stock last quarter. That is a fact, not missing data.
Congress trades in IIPR
No Congress trades reported
No House member has disclosed a trade in this stock. See what Congress is buying.
Activist and 5% holders (13D/13G)
No 5%+ ownership filings
Nobody has filed for crossing 5%. That is a fact, not missing data.
IIPR planned insider sales (Form 144)
No planned-sale notices
No insider has filed to sell. Watch this after a run-up.
Executive pay vs shareholder return · Mr. Smithers
CEO pay, headline and as actually paid, against the company's
return and its chosen peers' (DEF 14A).
FY
CEO total
Actually paid
Other execs, avg
TSR
Peer TSR
2025
$4.7M
$3.8M
$4.2M
-62%
+38%
2024
$5.0M
$3.2M
$3.4M
-53%
+34%
2023
$5.1M
$3.9M
$3.3M
-34%
+23%
2022
$10.8M
-$1.0M
$8.0M
-40%
+8%
2021
$7.0M
$5.2M
$5.4M
+47%
+43%
Tagged by the company under SEC Item 402(v). Returns are
cumulative from the start of the disclosure period. Green where the company beat its own peer group.
Live price
Daily candles from TradingView, under their licence. No filings marked.
Why this name is on the desk
Insiders are net buyers of their own stock.
The record shows a net $995.5K bought by insiders over 180 days. Each figure is a federal filing, dated the day it went public.
IIPR financials
Revenue growth
-13.8%
XBRL, annual
Net margin
44.5%
Ratios from the company's XBRL filings, latest filings
Revenue, TTM
$263.7M
four quarters, 2025-07-01 to 2026-06-30
Revenue, TTM IIPR
| FY Dec 2025 | $266.0M |
| FY Dec 2024 | $308.5M |
| FY Dec 2023 | $309.5M |
| FY Dec 2022 | $276.4M |
| FY Dec 2021 | $204.6M |
| Jun 2026 | $63.3M |
| Mar 2026 | $69.0M |
| Dec 2025 | $66.7M |
| Sep 2025 | $64.7M |
| Jun 2025 | $62.9M |
| Mar 2025 | $71.7M |
| Dec 2024 | $76.7M |
| Sep 2024 | $76.5M |
At each fiscal year end
Single quarter
Net margin, TTM
+52.3%
net income over revenue, 2025-07-01 to 2026-06-30
Net margin, TTM IIPR
| FY Dec 2025 | +44.5% |
| FY Dec 2024 | +52.4% |
| FY Dec 2023 | +53.5% |
| FY Dec 2022 | +55.9% |
| FY Dec 2021 | +55.7% |
| Jun 2026 | +69.3% |
| Mar 2026 | +47.6% |
| Dec 2025 | +47.8% |
| Sep 2025 | +45.3% |
| Jun 2025 | +41.4% |
| Mar 2025 | +43.3% |
| Dec 2024 | +52.2% |
| Sep 2024 | +52.6% |
At each fiscal year end
Single quarter
Free cash flow, TTM
n/a
capex not filed for the four quarters
Free cash flow, TTM IIPR
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Single quarter
Debt to equity
0.21x
long-term debt only, 2025-12-31 (6 months older than the period end); equity 2026-06-30
Debt to equity IIPR
| FY Dec 2025 | 0.21x |
| FY Dec 2024 | 0.07x |
| FY Dec 2023 | 0.07x |
| FY Dec 2022 | 0.07x |
| FY Dec 2021 | 0.08x |
| Jun 2026 | 0.21x |
| Mar 2026 | 0.21x |
| Dec 2025 | 0.21x |
| Sep 2025 | 0.07x |
| Jun 2025 | 0.07x |
| Mar 2025 | 0.07x |
| Dec 2024 | 0.07x |
| Sep 2024 | 0.07x |
At each fiscal year end
Trailing four quarters at each quarter end
Cash flow to debt
0.50x
TTM operating cash flow over long-term debt only, 2025-12-31 (6 months older than the period end)
Cash flow to debt IIPR
| FY Dec 2025 | 0.50x |
| FY Dec 2024 | 1.90x |
| FY Dec 2023 | 1.88x |
| FY Dec 2022 | 1.72x |
| FY Dec 2021 | 1.39x |
| Jun 2026 | 0.50x |
| Mar 2026 | 0.51x |
| Dec 2025 | 0.50x |
| Sep 2025 | 1.51x |
| Jun 2025 | 1.65x |
| Mar 2025 | 1.77x |
| Dec 2024 | 1.90x |
| Sep 2024 | 1.96x |
At each fiscal year end
Trailing four quarters at each quarter end
Return on equity
+7.4%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on equity IIPR
| FY Dec 2025 | +6.2% |
| FY Dec 2024 | +8.3% |
| FY Dec 2023 | +8.5% |
| FY Dec 2022 | +8.6% |
| FY Dec 2021 | +7.3% |
| Jun 2026 | +7.4% |
| Mar 2026 | +6.3% |
| Dec 2025 | +6.2% |
| Sep 2025 | +6.6% |
| Jun 2025 | +7.2% |
| Mar 2025 | +7.9% |
| Dec 2024 | +8.3% |
| Sep 2024 | +8.4% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on assets
+5.6%
TTM net income over average of 2025-06-30 and 2026-06-30
Return on assets IIPR
| FY Dec 2025 | +5.0% |
| FY Dec 2024 | +6.8% |
| FY Dec 2023 | +6.9% |
| FY Dec 2022 | +6.9% |
| FY Dec 2021 | +5.9% |
| Jun 2026 | +5.6% |
| Mar 2026 | +5.1% |
| Dec 2025 | +5.0% |
| Sep 2025 | +5.3% |
| Jun 2025 | +5.9% |
| Mar 2025 | +6.5% |
| Dec 2024 | +6.8% |
| Sep 2024 | +6.8% |
At each fiscal year end
Trailing four quarters at each quarter end
Return on invested capital
n/a
tax provision or pre-tax income not filed for the four quarters
Return on invested capital IIPR
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Return on capital employed
n/a
assets or current liabilities not filed
Return on capital employed IIPR
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
P/E, trailing
12.29x
close 2026-10-23 over four quarters of diluted EPS, 2025-07-01 to 2026-06-30
P/E, trailing IIPR
| FY Dec 2025 | 12.08x |
| FY Dec 2024 | 12.05x |
| FY Dec 2023 | 17.47x |
| FY Dec 2022 | 18.36x |
| FY Dec 2021 | 57.66x |
| Jun 2026 | 14.05x |
| Mar 2026 | 12.83x |
| Dec 2025 | 12.08x |
| Sep 2025 | 12.70x |
| Jun 2025 | 11.95x |
| Mar 2025 | 10.40x |
| Dec 2024 | 12.05x |
| Sep 2024 | 23.95x |
At each fiscal year end
Trailing four quarters at each quarter end
Enterprise value
$1.7B
market value at close 2026-10-23 on 2026-08-04 shares, plus long-term debt only, 2025-12-31 (6 months older than the period end), minus cash 2026-06-30
Enterprise value IIPR
| FY Dec 2025 | $1.7B |
| FY Dec 2024 | $1.9B |
| FY Dec 2023 | $2.8B |
| FY Dec 2022 | $2.9B |
| FY Dec 2021 | $6.3B |
| Jun 2026 | $2.0B |
| Mar 2026 | $1.7B |
| Dec 2025 | $1.7B |
| Sep 2025 | $1.6B |
| Jun 2025 | $1.6B |
| Mar 2025 | $1.5B |
| Dec 2024 | $1.9B |
| Sep 2024 | $3.8B |
At each fiscal year end
Trailing four quarters at each quarter end
FCF yield
n/a
capex not filed for the four quarters
FCF yield IIPR
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | n/a |
| FY Dec 2022 | n/a |
| FY Dec 2021 | n/a |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
PEG, trailing
n/a
trailing EPS growth -5%, PEG needs growth
PEG, trailing IIPR
| FY Dec 2025 | n/a |
| FY Dec 2024 | n/a |
| FY Dec 2023 | 3.86x |
| FY Dec 2022 | 0.87x |
| FY Dec 2021 | 1.39x |
| Jun 2026 | n/a |
| Mar 2026 | n/a |
| Dec 2025 | n/a |
| Sep 2025 | n/a |
| Jun 2025 | n/a |
| Mar 2025 | n/a |
| Dec 2024 | n/a |
| Sep 2024 | n/a |
At each fiscal year end
Trailing four quarters at each quarter end
Price as of 2026-10-23. Hover or tap a tile for its yearly and quarterly history.
Method
TTM is four consecutive fiscal quarters; Q4 is the year minus nine months when not filed. Returns use the average of opening and closing balances. EBIT is approximated by operating income. PEG uses trailing EPS growth.
Fundamentals
Annual figures from XBRL filings. Pick a past date to see them as known then.
| 2025-12 | 2024-12 | 2023-12 | 2023-10 | |
|---|---|---|---|---|
| Revenue | $266.0M | $308.5M | $309.5M | n/a |
| Operating income | $124.1M | $168.3M | $174.6M | n/a |
| Net income | $118.2M | $161.7M | $165.6M | n/a |
| EPS (diluted) | 3.93 | 5.52 | 5.77 | n/a |
| Operating cash flow | $198.2M | $258.4M | $255.5M | n/a |
| Cash | $47.6M | $146.2M | $140.2M | n/a |
| Long-term debt | $393.7M | n/a | n/a | n/a |
| Buybacks | $20.1M | $0 | $0 | n/a |
| Dividends paid | $216.3M | $212.0M | $202.7M | $50.7M |
SEC XBRL, fiscal years, as known on 2026-10-27
IIPR Stock Sonar score 5/7 axes
Find similar shapesCompareIIPR ranks highest on financial health (88th percentile) and insider conviction (85th), and lowest on risk and compliance (5th), among Real Estate peers.
5 of 7 axes scored. Each is a percentile against sector peers (all companies when the sector is thin); higher is better. An unscored axis is unmeasured, not low. How it is scored
IIPR filings, in plain words
Are Innovative Industrial Properties insiders buying or selling IIPR?
In the 180 days to 2026-10-27, Innovative Industrial Properties insiders were net buyers, a net $995.5K: $1.0M of purchases and $34.4K of sales reported on Form 4, by 2 buyers and 1 seller.
Read the full summary
In the 180 days to 2026-10-27, Innovative Industrial Properties insiders were net buyers of IIPR, a net $995.5K across purchases and sales reported on Form 4 by 2 buyers and 1 seller. Purchases outweighed sales more than tenfold by value. 2 different insiders reported purchases within the last 90 days, a cluster buy, which is rarer than a single purchase. Each figure is counted from SEC and House filings as of 2026-10-27, dated the day the filing was made public.
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