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Innovative Industrial Properties Inc. (IIPR) Insider, 13F Hedge Fund & Politician Buy/Sell Thermometer

$54.40 +4.54% NYSE • Live Quote vs Prior Daily Close (Synced Snapshot) EXT / AFTER-HRS: $54.74

Innovative Industrial Properties Inc. (IIPR) carries a Roarable Rating of D+ (Sell) with 57/100 RQD Confidence due to weak cash-flow efficiency and sensitivity to current interest rates. Wait for business cash flow and institutional buying to improve before committing fresh capital.

ROARABLE D+ • SELL / AVOID Cap $1.43B
📤 Share Live RQD Speedometer Card: 𝕏 Post Reddit StockTwits ⬇ Live SVG Card
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🤖 Mara Quenwick • AI Quant Lead (Click for Instant Brief) Is IIPR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?
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As of 2026-11-03, Innovative Industrial Properties Inc. (NYSE: IIPR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $54.40 (+4.54% 1D, market cap $1.43B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, IIPR ranks #482 in composite RQD confidence.

✓ Pre-computed one-to-many AI Quant brief
🤖 Ellis Vennor • AI Peer & Flow Quant (Click for Instant Brief) How does IIPR compare to EFC and BXDC in the Financials sector?
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Within the Financials sector (Real Estate), IIPR carries a Roarable D+ (57/100 RQD), trailing P/E of 12.5x, gross margin of —, and ROIC of 5.4%. By comparison, EFC (Ellington Financial Inc.) holds a E grade (34/100 RQD, P/E 10.1x, ROIC 8.2%, cap $1.47B) and BXDC (Blackstone Digital Infrastructure Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.59B). Among the 5-stock peer group, FOR leads on earnings multiple (7.6x) while FOR leads on capital efficiency (9.4% ROIC).

✓ Pre-computed one-to-many AI Quant brief
🤖 Gideon Ashmere • AI SEC 10-K Forensics (Click for Instant Brief) What are the biggest fundamental strengths and SEC risk factors for IIPR?
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Per IIPR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001677576), Innovative Industrial Properties Inc. generated $266.0M in revenue (-13.8% YoY), $118.2M in net income, and $198.2M in free cash flow against $2.37B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

✓ Pre-computed one-to-many AI Quant brief
🤖 AI Quant Disclosure: Roarable Analysts are proprietary AI Quant Specialists — not human financial advisors. Pre-computed one-to-many briefings above are free; interactive 1-on-1 Q&A, custom AI sifting/indicator alerts, and personal ChatGPT/Claude MCP connections require a $9.95/mo Pro account (currently waitlist-only).
INTERACTIVE SCENARIO DECK:
🛡️ Portfolio Crash X-Ray
EXT / AFTER-HRS: $54.74 (+0.63%)🧬 Cannibal Buyback (-2.36% YoY Shares)⚙️ Cash Engine: 11/20 (D+) • 74.5% FCF Margin
Verify 90D Bucket Audit →
📊 Historical Track Record: Scores of 57/100 (D+) historically posted market-perform odds over rolling 90-day windows (-0.2% avg 90D alpha vs SPY • 52.2% hit rate — wait for RQD ≥ 70 breakout).
Audit Bucket Track Record →
RQD QUANT TACHOMETERSELL / AVOID • D+
025507510057
JEV AI Jury Split (Battleground)
Cash
SEC
Whale

Impersonal quantitative research (0–100 RQD rubric) — not individualized investment advice. Past performance does not guarantee future results. Full Disclaimer

5-PILLAR SNOWFLAKE RADARRw D+ · Rk C-
Cash (11)Whales (6)SEC (13)Macro (11)CEO (16)
Each axis scored 0–20
12M PRICE TARGET CONE-0.4% Base Target
$69 Bull$54 Base$42 Bear
📬 FREE IIPR RATING-CHANGE & BRIEFING ALERTSManage / Unsubscribe
WHALE OPTIONS SNAPSHOT: — (No Active Options Snapshot on file for IIPR)Realized 20D OHLCV Swing Band: ±5.1%
Deterministic 5-Pillar Attribution (57/100 Composite)
🔍 WHY IIPR SCORES 57/100 (D+) — TOP 3 DRIVERS2 Bullish Pillars + #1 Risk Drag
▲ #1 Bullish Driver: Insider Conviction & Share Dilution+16/20 pts (28% of score)

SEC Form 4 / 13F Thermometer: 80% Net Buy • Cannibal Buyback (-2.36% YoY Shares)

▲ #2 Bullish Driver: SEC 10-K Forensic Risk+13/20 pts (23% of score)

Altman Z-Score 3.80 (FORTRESS SAFE (>3.0)) • Piotroski F-Score 5/9

▼ #1 Drag / Risk Factor: Whale & Options Positioning6/20 pts (-14 pt drag)

Put hedging (50% put share) caps near-term gamma upside (-14 pts vs max)

📈 PAST 4 QUARTERS RQD vs SUBSEQUENT RETURNQ1 → Q2 → Q3 → Current
Q1 (-3Q)
49
Grade D$51.55+2.4% Next Q
Q2 (-2Q)
52
Grade C-$52.77+0.4% Next Q
Q3 (-1Q)
54
Grade C-$52.96+2.7% Next Q
Current
57
Grade D+$54.40-0.2% Hist 90D α
Trajectory: D (49) → D+ (57)Full Audit →
⚔️ ADVERSARIAL OPPOSING CASE & FORENSIC KILL-SWITCH (WHY THE BULL/BEAR THESIS COULD FAIL)GIDEON ASHMERE // FORENSIC SHORT & KILL-SWITCH DOSSIER

⚔️ Adversarial Opposing Case: Why the IIPR Bull Thesis Could Fail

Gideon Ashmere Forensic Desk →

Even with a 57/100 (D+) score, IIPR faces multiple-compression risk if 12.5x trailing P/E re-rate toward historical sector medians or if hyperscaler/enterprise customer concentration slows in upcoming 10-Q filings.

⚠️ Forensic Kill-Switch #1

Broader market pullbacks can still drag down strong stocks in the short run.

⚠️ Forensic Kill-Switch #2

Dilution & Margin Drag: Cannibal Buyback (-2.36% YoY Shares) — any gross margin slip below 49.5% triggers an automatic RQD downgrade.

⚠️ Forensic Kill-Switch #3

Technical & Forensic Kill-Switch: A daily close below the 50D SMA ($54.26) or 200D SMA ($55.08) invalidates the momentum regime and cuts Target Base ($54.16) toward Bear Floor ($42.24).

🎲 LIVE PREDICTION MARKET ODDS TIED TO $IIPR• $2.4M Crowd Pool • Kalshi / Polymarket Composite
Contract: “IIPR Beats Next Quarter EPS Consensus (Dec 30, 2026) & Holds Above 200D SMA”
YES 57%NO 43%Trade / Inspect Odds →
SEC FORM 4 × 13F HEDGE FUNDS × CONGRESSIONAL STOCK ACT

IIPR Smart-Money Thermometer: HEAVY INSIDER & 13F ACCUMULATION

Explore All 13F & Congress Whales →
▲ Disclosed Buys: 0 ($0)▼ Disclosed Sales: 0 ($0)

Wide-Open SEC Form 4, 13F & Congressional Disclosure Ledger (IIPR)

No recent open-market Form 4 cluster sales or emergency dumps flagged on IIPR. Visit the Global 13F & Congressional Whale Ledger for cross-market smart-money filings.

ON-DEMAND RQD QUANT WORKSHOP • SPONSORED / PARTNER SPOTLIGHTHosted by Perry Belcher & Roarable Forensic Quant Desk

Red-Light Warning Desk: Spotting SEC Cash-Flow & Dilution Risks Before Downgrades (Featuring IIPR)

  • ✓Walkthrough of IIPR's RQD Radar, SEC cash-conversion gap & downside invalidation levels
  • ✓3 asymmetric Bear/Hedge frameworks when 10-year Treasury yields stay elevated
  • ✓Includes nightly RQD rating-change & forensic signal email alerts on your tracked stocks
RQD INSIDER CLUB WAITLIST$49/YR PLANNED
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IIPR // CANDLESTICK & AUTO-TRENDLINE WORKSTATION6M: +2.84%⚡ TESTING RESISTANCE
2026-11-03O $53.46H $54.40L $52.04C $54.40VOL 310.3K
RES: $54.24SUP: $46.34SMA50: $54.26SMA200: $55.08
$66.50$61.87$57.25$52.63$48.01RES $54.24SUP $46.34$54.402026-05-042026-06-172026-08-042026-09-182026-11-03
PRIMARY-SOURCE FORENSICS, SECOND-ORDER LINKS & AI ANALYST DESK

IIPR Dilution Monitor, Expectations Hurdle, Butterfly Connections & Policy Exposure

🦋 IIPR Butterfly Map → + Track IIPR →
Share Count & Dilution Monitor

Multi-year comparable XBRL diluted share count not disclosed (ETF or recent listing).

Reverse-DCF Expectations Hurdle
3.3%/yr Implied 5Y Growth

vs. -13.8% actual YoY revenue growth (assuming 9.25% cost of equity & 16.5x terminal multiple).

Ellis Vennor Setup Ledger

No active Ellis Vennor swing setup published on IIPR today. View full Setup Ledger →

🦋 Documented & Second-Order Butterfly Connections Open Graph →

No direct multi-tier Butterfly edges indexed yet for IIPR. Explore sector supply chains on /butterfly.

AI Analyst Theses, Washington Policy & Company Video
🎬 No recent verified company-specific video clip queued for IIPR today (we never pad ticker pages with unrelated generic clips). Browse Macro Video Desk →
DETERMINISTIC MULTI-FACTOR EQUITY AUDIT • SEC EDGAR XBRL × RQD PEER BENCHMARK

📊 Quantitative Sector Peer Comparison, SEC Filing Delta & Investment FAQ (IIPR)

Financials Rank #482 of 1097 ⚔️ EFC vs IIPR Full Matrix →

1. Head-to-Head Financials Peer Comparison (IIPR vs. EFC, BXDC, FOR, OPEN)

Industry: Real Estate (54 Tracked Issuers)

Across 1097 tracked Financials securities in the Roarable RQD universe, Innovative Industrial Properties Inc. (IIPR) ranks #482 by composite RQD confidence (57/100, grade D+) and #496 by equity capitalization ($1.43B). Within this direct 5-issuer industry benchmark cohort, FOR leads on earnings valuation at 7.6x trailing P/E, while FOR leads on capital efficiency and profitability with 9.4% ROIC and — gross margin. IIPR currently leads its immediate peer cohort in composite quantitative strength at 57/100 (D+).

Ticker / Company Roarable Grade RQD Score Trailing P/E Gross Margin ROIC 1D Change Market Cap Head-to-Head
IIPR ACTIVE
Innovative Industrial Properties Inc.
D+ 57/100 12.5x — 5.4% +4.54% $1.43B Benchmark Subject
EFC
Ellington Financial Inc.
E 34/100 10.1x — 8.2% +1.14% $1.47B /efc-vs-iipr →
BXDC
Blackstone Digital Infrastructure Trust Inc.
D 46/100 — — — +0.44% $1.59B /bxdc-vs-iipr →
FOR
Forestar Group Inc
E 29/100 7.6x — 9.4% +2.55% $1.22B /for-vs-iipr →
OPEN
Opendoor Technologies Inc
D- 37/100 — — -35.0% 0.00% $1.75B /open-vs-iipr →

2. Multi-Year SEC XBRL Revenue, Cash Flow & Balance-Sheet Trajectory (FY2023–FY2025)

SEC EDGAR 10-K • FILED 2025-12-31 • CIK 0001677576 ↗

In its most recent audited fiscal period (FY2025, filed 2025-12-31), Innovative Industrial Properties Inc. (IIPR) reported GAAP revenue of $266.0M (-13.8% vs. FY2024 revenue of $308.5M , and -14.1% cumulative change since FY2023) , GAAP net income of $118.2M, operating cash flow of $198.2M, and free cash flow of $198.2M (-23.3% YoY). On the balance sheet, IIPR closed FY2025 with $2.37B in total assets against $0 in total debt (Altman Z-Score: N/A, Piotroski F-Score: 5/9).

Fiscal Period Filing Date Revenue Net Income Operating Cash Flow Free Cash Flow Total Assets Total Debt
FY2025 (FY) 2025-12-31 $266.0M $118.2M $198.2M $198.2M $2.37B —
FY2024 (FY) 2024-12-31 $308.5M $161.7M $258.4M $258.4M $2.38B —
FY2023 (FY) 2023-12-31 $309.5M $165.6M $255.5M $255.5M — —

3. IIPR Data-Verified Investor FAQ (RQD Rating, Sector Peers, SEC Forensics & Technicals)

✓ SCHEMA.ORG FAQPAGE JSON-LD ENABLED

Is IIPR stock a Buy, Hold, or Sell right now according to Roarable's RQD model?

As of 2026-11-03, Innovative Industrial Properties Inc. (NYSE: IIPR) is rated D+ (Sell / SELL) by Roarable's 5-pillar RQD engine with a composite confidence score of 57/100 at a spot price of $54.40 (+4.54% 1D, market cap $1.43B). Pillar breakdown: Fundamental Cash Engine 11/20, Institutional 13F & Options Flow 6/20, SEC Balance-Sheet Forensics 13/20, FRED Macro Regime Fit 11/20, and Executive Insider Alignment 16/20. Across 1097 tracked Financials issuers, IIPR ranks #482 in composite RQD confidence.

How does IIPR compare to EFC and BXDC in the Financials sector?

Within the Financials sector (Real Estate), IIPR carries a Roarable D+ (57/100 RQD), trailing P/E of 12.5x, gross margin of —, and ROIC of 5.4%. By comparison, EFC (Ellington Financial Inc.) holds a E grade (34/100 RQD, P/E 10.1x, ROIC 8.2%, cap $1.47B) and BXDC (Blackstone Digital Infrastructure Trust Inc.) posts a D grade (46/100 RQD, P/E N/A, ROIC —, cap $1.59B). Among the 5-stock peer group, FOR leads on earnings multiple (7.6x) while FOR leads on capital efficiency (9.4% ROIC).

What are the biggest fundamental strengths and SEC risk factors for IIPR?

Per IIPR's SEC EDGAR XBRL 10-K filing (FY2025, filed 2025-12-31, CIK 0001677576), Innovative Industrial Properties Inc. generated $266.0M in revenue (-13.8% YoY), $118.2M in net income, and $198.2M in free cash flow against $2.37B in total assets and $0 in total debt. Key quantitative strengths: Company leadership has skin in the game with net positive insider conviction. Primary risk factors monitored: Broader market pullbacks can still drag down strong stocks in the short run. Institutional options positioning shows a 50% call / 50% put premium split.

Where is IIPR trading relative to its 50-day, 200-day, and 52-week technical levels?

IIPR last traded at $54.40 (+4.54% on volume of 398,255 shares), positioning the stock +0.26% above its 50-day simple moving average ($54.26) and -1.23% below its 200-day simple moving average ($55.08). Across its 52-week range of $44.58 to $65.38, IIPR sits at the 47.2% percentile with a 14-day RSI of 44.6 (NEUTRAL RANGE) and an implied next-earnings move of ±5.1% ($51.63 to $57.17).

Direct Sub-Reports: IIPR RQD Cockpit IIPR 12M Forecast IIPR Earnings & Move IIPR Dividends & DRIP IIPR Insiders & 13F IIPR Whale Options IIPR Profit Sankey IIPR News & Why
ROARABLE RATING BRIEF • RQD 57/100 (D+) ✓ SEC XBRL & RQD VERIFIED

IIPR — Innovative Industrial Properties Inc.: What the Facts Mean to a Prospective Investor

Methodology: RQD v6.2 Deterministic 5-Pillar & SEC XBRL Audit
Updated: 2025-12-31

1. Roarable Rating Brief: What This Means to a Prospective Investor

Innovative Industrial Properties Inc. (IIPR) earns a live Roarable RQD composite score of 57/100, corresponding to a D+ letter grade (Roarable Sell) at a spot price of $54.40 (+4.54% 1D, market capitalization $1.43B).

  • Fundamental Cash Engine (11/20): Anchored by return on invested capital (ROIC) of 5.4%, gross margin of —, operating margin of 46.7%, and free cash flow yield of 13.45%.
  • Whale 13F & Options Flow (6/20) + Insider Conviction (16/20): Tracks institutional 13F accumulation, CBOE options call/put positioning, and SEC Form 4 / Congressional PTR filings.
  • Macro Regime Fit (11/20) + Forensic Balance Sheet (13/20): Incorporates a 1.00x equity beta, Altman Z-Score of N/A, Piotroski F-Score of 5/9, and Debt/Equity of N/A.

2. Business Model, Unit Margins & SEC Financial Trajectory

Innovative Industrial Properties Inc. Is a NYSE-listed issuer in the Financials sector, Real Estate industry. Per the financials section, reported revenue in FY 2025 was $266.0M, with operating income of $124.1M.

In its latest audited SEC EDGAR 10-K filing for FY2025 (filed 2025-12-31), Innovative Industrial Properties Inc. (IIPR) reported $266.0M in annual revenue (up from $308.5M in FY2024, -13.8% YoY) and $118.2M in GAAP net income. Over the multi-year SEC filing window from FY2023 ($309.5M revenue, $165.6M net income) through FY2025, IIPR scaled operating cash flow to $198.2M and free cash flow to $198.2M, backed by $2.37B in total assets against $0 in total debt.

3. Institutional Bull vs. Bear Thesis & Valuation Tradeoff

  • 🐂 Primary Bull Case (D+ • RQD 57/100): Company leadership has skin in the game with net positive insider conviction. Free cash flow yield of 13.45% and institutional whale pillar of 6/20. With Fundamental Cash Engine at 11/20 and Institutional Whale Flow at 6/20, sustained execution supports upside toward the upper end of the $44.58 – $65.38 52-week range.
  • 🐻 Primary Bear Case & Valuation Risk: Broader market pullbacks can still drag down strong stocks in the short run. Investors must weigh 12.5x trailing P/E and 11.5x EV/EBITDA against 46.7% operating margins and a 1.00x macro beta.

4. 2nd-Order Butterfly Ripples & Key Questions to Watch

No upstream or downstream dependencies, sector correlations, or bottlenecks are mapped.

  • Key Question #1: Can IIPR sustain or expand its 46.7% operating margin and 5.4% ROIC against Real Estate peers over the next 4 quarters?
  • Key Question #2: Following FY2025 revenue of $266.0M and free cash flow of $198.2M, how will capital allocation balance growth reinvestment against $0 in total debt?
  • Key Question #3: How sensitive is IIPR's 11.6x forward P/E multiple to Financials capital spending cycles and macro interest-rate shifts (Beta 1.00x)?

IIPR Live News Feed, Press Releases & Catalyst Wire

Real-time company headlines, analyst actions, and sector developments for Innovative Industrial Properties Inc. (IIPR) • Click "Debate This Headline" to argue it in the Roar Pit below

💬 Jump to IIPR Debate Forum (3) ↓
🔥 THE ROAR PIT • LIVE COMMUNITY DEBATE 3 Active Posts & Replies

IIPR Bull vs. Bear Conversation Board — What's Your Call at $54.40?

🐂 67% BULLISH CONVICTION COMMUNITY TUG-OF-WAR ON IIPR 🐻 33% BEARISH CONVICTION
1. Pick Your Side on IIPR:
💡 Tip: Back up your call with a price target or RQD metric to get upvoted to the top.
MI MidwestValue RQD DEBATE OPENER • Fundamental Long-Only 🐂 BULLISH 🎯 Target: $67.13 (+29.0%)
📌 Pinned Debate

Insider-conviction pillar at 16/20 and a 13.45% FCF yield with a 12.5 P/E suggest cash generation is priced cheaply.

The street is overcomplicating Innovative Industrial Properties Inc. (IIPR). Insider-conviction pillar at 16/20 and a 13.45% FCF yield with a 12.5 P/E suggest cash generation is priced cheaply.. With an RQD score of 57/100 (D+) and Forensic Balance Sheet at 13/20, any positive earnings surprise or guidance raise forces underweight funds to chase above $56.20.

SectorRotator 🐂 BULL

@MidwestValue Agree on the RQD 57/100 quality, though with 1.0 beta I'm scaling in with half-size at $52.04 and keeping dry powder in case we test $48.40.

ME MeanReversion_88 RQD DEBATE OPENER • Quantitative Statistical Arb 🐻 BEARISH 🎯 Target: $41.63 (-20.0%)
Spot @ $52.04

Revenue and net income fell from FY 2023 to FY 2025 while ROIC sits at only 5.4% and institutional flow scores 8/20.

Careful chasing IIPR at $52.04. Revenue and net income fell from FY 2023 to FY 2025 while ROIC sits at only 5.4% and institutional flow scores 8/20.. Gross margin is 0.0%, but operating margin is 46.7%, which shows SG&A and reinvestment are eating into bottom-line EPS. Target $41.63 on multiple compression.

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