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I
IIPR
vs
S&P 500
S&P 500
Over the past 12 months, IIPR has underperformed S&P 500, delivering a return of +3% compared to S&P 500's +13% growth.
Stocks Performance
IIPR vs S&P 500
Performance Gap
IIPR vs S&P 500
Performance By Year
IIPR vs S&P 500
Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.
Innovative Industrial Properties Inc
Glance View
Innovative Industrial Properties is a real estate investment trust that buys industrial and greenhouse properties and leases them to state-licensed cannabis businesses in the United States. In simple terms, it is a landlord for companies that grow, process, or distribute cannabis and need specialized facilities with heavy infrastructure, security, and regulatory features. The company makes money mainly from long-term rental income. It often acquires properties from cannabis operators and then leases them back to those same businesses, which gives the operators cash for their operations while giving IIP a contracted stream of rent. Its customers are cannabis cultivators and related operators that need property capital but may have limited access to traditional bank financing. What makes IIP different is that it sits at the real estate layer of the cannabis industry rather than growing or selling cannabis itself. That gives it a narrower role: it owns the buildings, collects rent, and helps finance the facilities the industry needs. Its business depends on the health of its tenant base and on state-licensed cannabis markets, so it is tied closely to a specialized and heavily regulated end market.