INNOVATIVE INDUSTRIAL PROPERTIES INC

Real Estate

IIPR Real Estate People in Real Estate SEC CIK 0001677576 ↗

Computed from SEC EDGAR filings and closing prices — not copied from any wealth ranking. Dataset . How we calculate this.

Market capitalisation
$1.55B
27,571,349 shares Covers all 2 share classes this company has on file.
Insiders on file
5
people who have filed Form 3, 4 or 5 naming this issuer
Value of insider-held stock
$28.51M
from the holdings reported on Forms 3/4/5; this figure has no separate as-of date on file
Insider-held share of market cap
1.84%
insider-held value divided by market capitalisation

What INNOVATIVE INDUSTRIAL PROPERTIES INC reports

Revenue and net income below are for fiscal period FY2025, the period label carried by this company’s own annual XBRL filings to the SEC. Fiscal years do not line up between companies — one company’s FY2026 can cover much the same months as another’s FY2025 — so compare the periods, not just the numbers.

Revenue
$265.96M
FY2025 annual revenue, from this company’s own annual XBRL filings to the SEC
Net income
$118.25M
FY2025 profit for the period, from this company’s own annual XBRL filings to the SEC
Employees
24
Yahoo Finance
Where the employee count comes from

Headcount comes from Yahoo Finance, not from a filing. The date beside it is the day we retrieved the figure — it is not the date the company counted its staff, and Yahoo does not publish that date. Unlike the SEC filings behind the other figures on this page, this one carries no open licence, so we publish the number and nothing else from that source.

Insiders at INNOVATIVE INDUSTRIAL PROPERTIES INC

Shares is what each person last reported holding here.

Everyone below has filed at least one insider report against this company.

Value is that share count priced at the same closing price used everywhere else on this site. A row priced from only some of a person’s securities says so — we do not quietly present a partial sum as a complete one.

Rows are grouped by the role each person reports.

The role comes from the relationship boxes a person ticks on their own insider filings — officer, director, ten per cent owner — not from anything we infer. Somebody who is both an officer and a director appears once, in the combined group, so the row count still matches the figure at the top of this page. Where no filing states a role we say so instead of guessing one.

People who file insider reports against INNOVATIVE INDUSTRIAL PROPERTIES INC.
Insider Reported role Shares Value Last action
Officers 1
David Jon Smith CFO 23,582 $1.35M A Grant or award Jun 19, 2026 position reported
Officers who also sit on the board 2
Alan D Gold Executive Chairman 274,408 $15.70M P Open-market purchase Nov 24, 2025 position reported
Paul E Smithers CEO 150,577 $8.61M A Grant or award Jun 19, 2026 position reported
Directors 2
Gary A Kreitzer Board Member 47,453 $2.71M A Grant or award Oct 15, 2025 position reported
Mary A Curran Board Member 2,429 $139.0K position reported

Recent insider transactions

Of the 40 rows we hold, 4 are open-market purchases (P) and 0 open-market sales — the only codes we count as buying or selling.

The rest — awards, shares withheld to pay tax, option exercises, gifts and so on — follow from an employment contract or a transfer arranged off-market, not from a decision to buy or sell, so counting them would turn this into a pay table.

A price of 0.00 is a real reported figure on gifts (G) and share awards (A) — not a gap in our data.

Insider transactions disclosed to the SEC for INNOVATIVE INDUSTRIAL PROPERTIES INC, newest first, each with the filing behind it.
Date Insider Transaction Shares Price Value Filing
Jun 19, 2026 David Jon Smith A Grant or award 9,219 $0.00 $0 SEC filing ↗
Jun 19, 2026 Paul E Smithers A Grant or award 22,299 $0.00 $0 SEC filing ↗
Jan 20, 2026 David Jon Smith A Grant or award 20,061 $0.00 $0 SEC filing ↗
Jan 20, 2026 Paul E Smithers A Grant or award 47,643 $0.00 $0 SEC filing ↗
Jan 2, 2026 Paul E Smithers F Shares withheld for taxes 5,169 $49.47 $255.7K SEC filing ↗
Jan 2, 2026 Paul E Smithers M Option exercise or conversion 10,653 $0.00 $0 SEC filing ↗
Jan 1, 2026 David Jon Smith F Shares withheld for taxes 1,634 $47.36 $77.4K SEC filing ↗
Jan 1, 2026 David Jon Smith M Option exercise or conversion 4,555 $0.00 $0 SEC filing ↗
Jan 1, 2026 Paul E Smithers F Shares withheld for taxes 10,983 $47.36 $520.2K SEC filing ↗
Nov 24, 2025 Alan D Gold P Open-market purchase 2,600 $49.09 $127.6K SEC filing ↗
Nov 20, 2025 David Jon Smith P Open-market purchase 600 $45.90 $27.5K SEC filing ↗
Nov 20, 2025 Alan D Gold P Open-market purchase 1,000 $45.70 $45.7K SEC filing ↗
Nov 19, 2025 Alan D Gold P Open-market purchase 1,000 $46.26 $46.3K SEC filing ↗
Oct 15, 2025 Gary A Kreitzer A Grant or award 1,839 $55.28 $101.7K SEC filing ↗
Jul 15, 2025 Gary A Kreitzer A Grant or award 1,782 $55.15 $98.3K SEC filing ↗
Jun 11, 2025 Gary A Kreitzer A Grant or award 3,495 $0.00 $0 SEC filing ↗
Apr 15, 2025 Gary A Kreitzer A Grant or award 1,732 $52.91 $91.6K SEC filing ↗
Feb 24, 2025 Paul E Smithers A Grant or award 32,457 $0.00 $0 SEC filing ↗
Jan 23, 2025 Gary A Kreitzer A Grant or award 1,307 $68.23 $89.2K SEC filing ↗
Jan 1, 2025 Paul E Smithers F Shares withheld for taxes 6,803 $66.64 $453.4K SEC filing ↗
Oct 15, 2024 Gary A Kreitzer A Grant or award 647 $135.90 $87.9K SEC filing ↗
Jul 15, 2024 Gary A Kreitzer A Grant or award 728 $118.94 $86.5K SEC filing ↗
May 15, 2024 Gary A Kreitzer A Grant or award 1,770 $0.00 $0 SEC filing ↗
Apr 15, 2024 Gary A Kreitzer A Grant or award 783 $97.52 $76.4K SEC filing ↗
Jan 16, 2024 Gary A Kreitzer A Grant or award 802 $93.39 $74.9K SEC filing ↗

From SEC Form 4 filings. Every row links to the filing it came from. How we calculate this.

What a Form 4 is

The report an officer, director or large shareholder must file after trading their own company’s stock.

Subsidiaries — 4 legal entities

Subsidiaries of INNOVATIVE INDUSTRIAL PROPERTIES INC

4 legal entities named in the subsidiary exhibit filed with this company’s most recent 10-K. . Filing on SEC.gov.

This is not the full list. SEC rules only require a company to name its significant subsidiaries.

What that leaves out

Smaller entities are left out of the exhibit entirely. A short list here means a short exhibit — it does not mean the company owns nothing else. Nothing on this page is inferred: every name below is copied from the filing.

Subsidiaries INNOVATIVE INDUSTRIAL PROPERTIES INC names in its most recent annual report, with the place each one is organised.
Subsidiary Organised in
IIP Operating Partnership, LP Delaware
IIP-GP 2 LLC Delaware
IIPR, Inc. Maryland
Innovative Industrial Properties, LP Delaware
What counts as a subsidiary

A subsidiary is a separate legal entity this company controls; it is not the same thing as a brand, a division or an office. These entities do not file with the SEC in their own right, so there is no separate page to open for them.

Think a number here is wrong? Open the linked filing and compare — how to report it.

Sources and technical notes

Every figure on this page comes from filings to the U.S. SEC via EDGAR. Nothing here is estimated, and nothing is taken from press coverage or company websites.

Share count: cover page of the latest filing (dei:EntityCommonStockSharesOutstanding), taken from INNOVATIVE INDUSTRIAL PROPERTIES INC’s own filings and multiplied by our closing price. Full method.

What that share count means

the share count the company itself prints on the cover of its most recent filing, as of the date it signed that filing.

We do not take a market cap from a data vendor, and we do not estimate one: the figure is a share count from INNOVATIVE INDUSTRIAL PROPERTIES INC’s own SEC filings multiplied by the closing price we hold for the same stock.