
IIPR Stock Forecast & Price Target
IIPR Analyst Ratings
Bulls say
Innovative Industrial Properties Inc has recently expanded its line of credit from $50.0 million to $87.5 million, reflecting a proactive approach to managing its financial resources amidst challenges faced by the cannabis industry. The company’s strong tenant roster, which demonstrates better profitability than the broader cannabis sector, is further supported by agreements made with PharmaCann to address lease defaults and adjust lease terms, enhancing income stability. Additionally, the firm's Core Funds From Operations (FFO) of $2.03 exceeded both internal estimates and consensus expectations, indicating robust financial performance and resilience in its specialized industrial property portfolio.
Bears say
Innovative Industrial Properties Inc faces a deteriorating financial outlook due to repeated tenant defaults, specifically with PharmaCann, which has now defaulted twice within a three-month period, raising concerns about the stability of rental income. The cannabis industry's declining profitability further exacerbates the situation, limiting the company's ability to find new tenants or buyers for its properties, potentially leading to significant losses. Additionally, lowered Core Funds from Operations (FFO) estimates for 2025 and 2026 indicate reduced profitability expectations, reflecting the heightened risks associated with tenant defaults and broader market challenges.
This aggregate rating is based on analysts' research of Innovative Industrial Properties and is not a guaranteed prediction by Public.com or investment advice.
IIPR Analyst Forecast & Price Prediction
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