Stock analysis, trade plans, and proprietary indicators by Trend Edge.
About Innovative Industrial Properties Inc
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Innovative Industrial Properties, Inc. was incorporated on June 15th 2016 in Maryland and is based in San Diego, United States. Read full Trend Edge analysis →
Sector: Real Estate
Industry: REIT-Industrial
Exchange: NYSE
IPO Date: December 1, 2016
Headquarters: 11440 West Bernardo Court, San Diego, CA, United States, 92127
Founder-Led: Yes — Alan D. Gold (Executive Chairman), Paul E. Smithers (President, CEO & Director), Gary A. Kreitzer (Vice Chairman)
Key Metrics
Current Price
$57.76
Market Cap
$1.62B
Float
28.2M
Shares Outstanding
28.8M
P/E (Forward)
13.14
P/E (TTM)
14.40
Price/Sales (TTM)
6.17
vs. Analyst Target
+8.0% to analyst PT
Profit Margin
45.58%
Operating Margin (TTM)
49.80%
Revenue (TTM)
$263M
Dividend Rate
7.6%
Analyst Target Price
$62.40 (6 analysts)
Financial History
Annual Revenue & Earnings History
Year
Revenue
Net Income
Gross Profit
EBITDA
2020
$117M
$65.7M
$112M
$100M
2021
$205M
$114M
$200M
$172M
2022
$276M
$154M
$266M
$233M
2023
$310M
$166M
$285M
$249M
2024
$309M
$162M
$280M
$249M
2025
$266M
$114M
$236M
$209M
Recent Quarterly Revenue & Net Income
Quarter
Revenue
Net Income
Jun 2025
$62.9M
$26.0M
Sep 2025
$64.7M
$29.3M
Dec 2025
$66.7M
$31.8M
Mar 2026
$69.0M
$32.8M
Ownership & Float
Insider Ownership
1.8%
Institutional Ownership
72.2%
Short Float
11.3%
% of All Funds Holding
3.38%
Number of Funds Holding
278
Current Moving Averages
Trend Edge tracks near-term, medium-term, cyclical, and secular moving averages across weekly and monthly timeframes to identify trend structure at every horizon.
Timeframe
SMA
Value
Trend Context
Weekly
10-Week SMA
$54.16
Near-term / short-term trend
Weekly
40-Week SMA
$52.44
Medium-term trend
Weekly
80-Week SMA
$58.80
Cyclical trend (business cycle)
Weekly
200-Week SMA
$80.83
Secular trend (multi-year)
Monthly
10-Month SMA
$52.06
Near-term monthly trend
Monthly
20-Month SMA
$61.98
Medium-term monthly trend
Monthly
40-Month SMA
$77.63
Secular monthly trend
Volume Shelves — Support & Resistance
Trend Edge identifies volume shelves: price zones where historically elevated trading volume
creates structural support or resistance. A volume shelf forms when a disproportionate share of cumulative
volume was transacted at a specific price level, making it a high-conviction anchor for future price reactions.
Price Level
Type
Volume Ratio
Age
$50.00
support
1.03x
0 months ago
$72.00
resistance
1.76x
13 months ago
$109.00
resistance
2.07x
16 months ago
$130.00
resistance
1.52x
17 months ago
Historical Earnings Reactions (38 events)
Timeframe
Avg Return
Median
Win Rate
Best
Worst
Gap
0.44%
0.29%
55.26%
6.24%
-6.56%
1 Day
1.39%
0.96%
52.63%
14.03%
-4.70%
1 Week
2.65%
1.45%
60.53%
16.14%
-7.90%
2 Weeks
2.71%
2.26%
60.53%
24.22%
-24.69%
1 Month
4.47%
4.81%
64.86%
28.86%
-20.06%
Next earnings: July 23, 2026 (56 days away)
Seasonality & Day-of-Week Patterns
Monthly Seasonality
Month
Avg Return
Win Rate
Samples
Jan
1.3%
60.0%
10
Feb
1.9%
60.0%
10
Mar
-4.1%
50.0%
10
Apr
1.1%
70.0%
10
May
0.5%
44.4%
9
Jun
5.2%
55.6%
9
Jul
1.8%
55.6%
9
Aug
7.4%
66.7%
9
Sep
0.0%
55.6%
9
Oct
-1.4%
33.3%
9
Nov
5.8%
55.6%
9
Dec
5.9%
44.4%
9
Day-of-Week Tendencies
Day
Avg Return
Win Rate
Samples
Monday
0.03%
52.3%
444
Tuesday
0.28%
52.3%
491
Wednesday
-0.00%
51.7%
487
Thursday
-0.00%
52.6%
479
Friday
0.15%
53.5%
480
Top Institutional Holders
Institutional holder breakdown coming soon.
Total institutional ownership: 72.2%
Insider Transactions — Smart Summary
Total insider ownership: 1.8%
Founder-led management: Alan D. Gold (Executive Chairman), Paul E. Smithers (President, CEO & Director), Gary A. Kreitzer (Vice Chairman)
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The analysis covers five layers:
technical analysis (near-term, medium-term, cyclical, and secular trend, momentum,
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qualitative analysis (business model, competitive moat, sector dynamics),
insider sentiment (buy and sell signals from executive and director transactions),
share stats analysis (institutional accumulation, fund positioning, short float squeeze potential), and
fundamental analysis (valuation, revenue growth, profit margin, earnings quality).
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