IIPRPA.PFD (Innovative Industrial Properties) Dividend Payout Ratio: 0.00 (As of Mar. 2026)


IIPRPA.PFD Innovative Industrial Properties Inc IIPRPA.PFD
77 GF Score
Price $24.99
! 12 Warning Signs
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What is Innovative Industrial Properties Dividend Payout Ratio?

Innovative Industrial Properties IIPRPA.PFD 77 Dividend Payout Ratio is 0.00 as of Mar. 2026. GuruFocus rates IIPRPA.PFD with a GF Score™ of 77/100. The stock has 12 warning signs investors should review. Among 716 REITs companies, Innovative Industrial Properties ranks worse than 80.31% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. Innovative Industrial Properties's Dividend Payout Ratio for the months ended in Mar. 2026 was 0.00.

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.

The historical rank and industry rank for Innovative Industrial Properties's Dividend Payout Ratio or its related term are showing as below:


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.

IIPRpA.PFD's Dividend Payout Ratio is not ranked *
in the REITs industry.
Industry Median: 0.99
* Ranked among companies with meaningful Dividend Payout Ratio only.

As of today (2026-06-29), the Dividend Yield % of Innovative Industrial Properties is 9.00%.

During the past 10 years, the highest Trailing Annual Dividend Yield of Innovative Industrial Properties was 16.63%. The lowest was 0.80%. And the median was 3.78%.

Innovative Industrial Properties's Dividends per Share for the months ended in Mar. 2026 was $0.00.

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.

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.

The growth rate is calculated with least square regression.

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) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Innovative Industrial Properties Dividend Payout Ratio Related Terms

Innovative Industrial Properties Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for Innovative Industrial Properties's Dividend Payout Ratio can be seen below:

* 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 Dividend Payout Ratio Chart

Innovative Industrial Properties Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

Innovative Industrial Properties Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.00 0.00 0.00 0.00 0.00

IIPRPA.PFD vs SMA, ILPT, LXP: Dividend Payout Ratio Comparison

For the REIT - Industrial subindustry, Innovative Industrial Properties's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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 Payout Ratio vs REITs Industry

For the REITs industry and Real Estate sector, Innovative Industrial Properties's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Innovative Industrial Properties's Dividend Payout Ratio falls into.


IIPRPA.PFD
77GF Score
Innovative Industrial Properties Inc IIPRPA.PFD
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
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Innovative Industrial Properties Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

Innovative Industrial Properties's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=0/ 0
=N/A

Innovative Industrial Properties's Dividend Payout Ratio for the quarter that ended in Mar. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Mar. 2026 )/ EPS without NRI (Q: Mar. 2026 )
=0/ 0
=N/A

* 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.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 0.00 mean?
Innovative Industrial Properties (IIPRPA.PFD) has a Dividend Payout Ratio of 0.00 as of Mar. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Innovative Industrial Properties and its competitors. Over the past decade, Innovative Industrial Properties' Dividend Payout Ratio has ranged from 1.25 to 1.88. According to the industry distribution chart, Innovative Industrial Properties ranks #575 out of 716 companies in the REITs industry, placing it in the top 80.3%.
Is Innovative Industrial Properties' Dividend Payout Ratio too high?
Innovative Industrial Properties' current Dividend Payout Ratio is 0.00. Over the past 10 years, this metric has ranged from a low of 1.25 to a high of 1.88. Based on the distribution chart, Innovative Industrial Properties ranks #575 out of 716 companies in the REITs industry, which is in the bottom quartile relative to peers. 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' Dividend Payout Ratio compare to SMA and ILPT?
According to the REITs industry distribution chart, Innovative Industrial Properties ranks #575 out of 716 companies for Dividend Payout Ratio. This places Innovative Industrial Properties in the lower half of its industry. The industry median Dividend Payout Ratio is 0.99. Historically, Innovative Industrial Properties' own Dividend Payout Ratio has ranged from 1.25 to 1.88 over the past decade. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for a REITs company?
The median Dividend Payout Ratio among REITs companies is 0.99, based on 716 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio 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 Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on Innovative Industrial Properties and its competitors. For the REITs industry, the median Dividend Payout Ratio is 0.99 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Innovative Industrial Properties's current Dividend Payout Ratio 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 Dividend Payout Ratio of 0.00. The current Dividend Payout Ratio 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 Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For Innovative Industrial Properties (IIPRPA.PFD), the current Dividend Payout Ratio 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

Industry Real EstateREITs
Other Exchanges IIPR:USA0JBD:UK1IK:Germany
Address 1389 Center Drive, Suite 200, Park City, UT, USA, 84098
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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Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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