Innovative Industrial Properties Inc (IIPR) has declared a dividend of $1.90 per share, payable to shareholders of record. This quarterly dividend reflects the company's ongoing commitment to providing regular income to its investors.
The dividend will be paid on October 14, 2025, with an ex-dividend date set for September 29, 2025. Investors must own shares before this date to receive the dividend; those purchasing shares on or after September 29 will not be eligible for this payment.
With a current dividend yield of 16.52%, the announcement highlights IIPR's strategy of returning capital to shareholders, which may appeal to income-focused investors. The company, a real estate investment trust, specializes in the acquisition, ownership, and management of industrial properties leased to state-licensed operators for regulated cannabis facilities. IIPR operates approximately 109 properties across 19 states, encompassing about 9.0 million rentable square feet.
As of November 8, 2025, IIPR has a market capitalization of $1.4 billion, a price-to-earnings ratio of 10.40, and an earnings per share figure of 4.82. Upcoming earnings are anticipated on August 4, 2026, with an estimated EPS of $1.00 and revenue of $67.6 million. Such decisions reflect the company's focus on maintaining a robust financial position while rewarding its shareholders.