If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Innovative Industrial Properties Inc is 1.94, which seems too high.
Warning Sign:
Innovative Industrial Properties Inc stock Dividend Yield % is close to 1-year low.
During the past 3 years, the average Dividends Per Share Growth Rate was 2.30% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 10.50% per year.
Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.
During the past 10 years, the highest 3-Year average Dividends Per Share Growth Rate of Innovative Industrial Properties was 101.10% per year. The lowest was 2.30% per year. And the median was 26.60% per year.
For more information regarding to dividend, please check our Dividend Page.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
Innovative Industrial Properties (NYSE:IIPRpA.PFD) Dividends per Share Explanation
1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.
Innovative Industrial Properties's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as
During the past 10 years, the highest Dividend Payout Ratio of Innovative Industrial Properties was 1.88. The lowest was 1.25. And the median was 1.35.
Warning Sign:
If a company's dividend payout ratio is too high, its dividend may not be sustainable. The dividend payout ratio of Innovative Industrial Properties Inc is 1.94, which seems too high.
2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.
Innovative Industrial Properties Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.562500
2026-06-30
2026-06-30
2026-07-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.562500
2026-03-31
2026-03-31
2026-04-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.562500
2025-12-31
2025-12-31
2026-01-15
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.562500
2025-09-30
2025-09-30
2025-10-15
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Innovative Industrial Properties's Dividend Yield (%) for Today is calculated as
Current Share Price is $24.65.
Innovative Industrial Properties's Dividends per Share for the trailing twelve months (TTM) ended in Today is $2.25.
During the past 10 years, the highest Dividend Yield of Innovative Industrial Properties was 16.63%. The lowest was 0.80%. And the median was 3.79%.
Warning Sign:
Innovative Industrial Properties Inc stock Dividend Yield % is close to 1-year low.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Innovative Industrial Properties Dividends per Share Related Terms
Innovative Industrial Properties Dividends per Share Historical Data
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Innovative Industrial Properties Dividends per Share Chart
IIPRPA.PFD vs SMA, ILPT, LXP: Dividends per Share Comparison
For the REIT - Industrial subindustry, Innovative Industrial Properties's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Innovative Industrial Properties Dividend Yield % vs REITs Industry
For the REITs industry and Real Estate sector, Innovative Industrial Properties's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Innovative Industrial Properties's Dividend Yield % falls into.
Innovative Industrial Properties (IIPRPA.PFD) has a Dividends per Share of $0.00 as of Mar. 2026. Dividends per share represents the per-share amount paid as dividends. View historical data on Innovative Industrial Properties and its competitors.
Is Innovative Industrial Properties' Dividends per Share too high?
Innovative Industrial Properties' current Dividends per Share is $0.00. Overall, Innovative Industrial Properties has a GF Score™ of 77/100, reflecting its overall financial health beyond just this single metric.
How does Innovative Industrial Properties' Dividends per Share compare to SMA and ILPT?
Innovative Industrial Properties' Dividends per Share of $0.00 can be compared against companies in the REITs industry. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividends per Share for a REITs company?
A good Dividends per Share depends on the REITs industry context. However, Dividends per Share should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividends per Share mean?
A high Dividends per Share can signal that a stock is expensive relative to its fundamentals. Dividends per share represents the per-share amount paid as dividends. View historical data on Innovative Industrial Properties and its competitors. Innovative Industrial Properties's current Dividends per Share is $0.00. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Innovative Industrial Properties stock overvalued right now?
Innovative Industrial Properties (IIPRPA.PFD) has a current Dividends per Share of $0.00. The current Dividends per Share is $0.00. Innovative Industrial Properties' overall GF Score™ is 77/100 with 12 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividends per Share calculated?
Dividends per Share is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current Dividends per Share is $0.00 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Innovative Industrial Properties Business Description
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
77GF Score
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