With a market capitalization (market cap) of $1.6B — a measure of how much the company is worth — Innovative Industrial Properties, Inc. is the 2267th most valuable company in Real Estate as of August 18, 2026. Shares trade at $55.13, down +1.20% on the day.
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Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Visit websiteAs of August 18, 2026, Innovative Industrial Properties, Inc. (IIPR) is worth $1.6B — this is its market capitalization, the total value of all its outstanding shares.
Innovative Industrial Properties, Inc.’s market cap is $1.6B, which ranks it #2267 among the most valuable companies in the Real Estate sector tracked on MarketCapLens.
Innovative Industrial Properties, Inc. (IIPR) shares trade at $55.13, down 1.20% on the day, as of August 18, 2026.
Fundamentals are annual. Figures labeled with their fiscal year.
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Innovative Industrial Properties, Inc. trades at a price-to-earnings (P/E) ratio of 13.9, based on its latest share price and annual earnings per share.