Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
The latest dividend from IIPR was $1.90 per share (ex-dividend 6/30/2026). The dividend yield over the last 12 months is 13,7%. Over the last 12 months there were 4 distributions, totalling $7.60 per share.