IIPR
Innovative Industrial Properties, Inc. Real Estate - Cannabis Facilities Investor Relations →
Innovative Industrial Properties, Inc. (IIPR) closed at $51.61 as of 2026-03-20, trading 23.9% below its 200-week moving average of $67.83. This places IIPR in the extreme value zone. The stock is currently moving closer to the line, down from -22.6% last week. The 14-week RSI sits at 44, indicating neutral momentum.
Trading volume is running at 1.0x of its 14-week average, which is in the normal range. The balance between buying and selling volume (1.06 ratio) is neutral — neither side is clearly dominating.
Over the past 437 weeks of data, IIPR has crossed below its 200-week moving average 3 times. On average, these episodes lasted 61 weeks. The average one-year return after crossing below was -38.5%, suggesting these dips have not historically been reliable buying opportunities for this stock.
With a market cap of $1452 million, IIPR is a small-cap stock. The company generates a free cash flow yield of 10.7%, which is notably high. Return on equity stands at 6.2%. The stock trades at 0.8x book value.
This stock also meets the Yartseva multibagger criteria as a small-cap with strong free cash flow yield and reasonable book value.
Over the past 8.4 years, a hypothetical investment of $100 in IIPR would have grown to $453, compared to $280 for the S&P 500. That represents an annualized return of 19.7% vs 13.0% for the index — confirming IIPR as a market-beating investment and the kind of quality company where buying during 200-week moving average touches has historically been rewarded.
Free cash flow has been volatile over the past several years, making the quality of earnings harder to assess.
Business Health
Annual financials — how the underlying business has performed over the past several years.
Cash Flow Free cash flow & net income ($M)
Revenue Annual revenue ($M) — business growth proxy
Total Debt Balance sheet debt ($M)
ROIC Return on invested capital (%)
FCF Yield Free cash flow / market cap (%) — Yartseva signal
Gross Margin Pricing power & competitive moat (%)
Shares Outstanding Buybacks vs dilution (millions)
Growth of $100: IIPR vs S&P 500
Monthly data normalized to $100 at start. Vertical dashed lines mark 200-week MA touches.
What Happens After IIPR Crosses Below the Line?
Across 3 historical episodes, buying IIPR when it crossed below its 200-week moving average produced an average return of -43.0% after 12 months (median -48.0%), compared to +16.7% for the S&P 500 over the same periods. After 24 months, the average return was +15.0% vs +49.0% for the index.
Each line shows $100 invested at the moment IIPR crossed below its 200-week MA. Bold blue = stock average. Gray dashed = S&P 500 average over same periods.
Historical Touches
IIPR has crossed below its 200-week MA 3 times with an average 1-year return of +-38.5% after recovery.
| Crossed Below | Recovered | Weeks | Max Depth | 1-Year Return | Return Since Touch |
|---|---|---|---|---|---|
| Jun 2022 | Jul 2024 | 109 | 45.8% | -25.6% | -31.8% |
| Jul 2024 | Aug 2024 | 2 | 1.9% | -51.4% | -47.5% |
| Nov 2024 | Ongoing | 72+ | 51.7% | Ongoing | -42.7% |
| Average | 61 | — | +-38.5% | — |
Frequently Asked Questions
Is IIPR below its 200-week moving average?
Yes. As of 2026-03-20, Innovative Industrial Properties, Inc. (IIPR) is trading 23.9% below its 200-week moving average of $67.83. The current price is $51.61.
What is IIPR's 200-week moving average price?
Innovative Industrial Properties, Inc.'s 200-week moving average is $67.83 as of 2026-03-20. This is the average weekly closing price over roughly the last 4 years, and it acts as a long-term trend line. When a stock drops below this level, it can signal that the price has fallen far enough from the long-term trend to attract value-oriented investors.
What happens when IIPR drops below its 200-week moving average?
IIPR has crossed below its 200-week moving average 3 times in our data. The average one-year return after these crossings was -38.5%, meaning the dips were not reliable buying signals for this particular stock. These episodes lasted 61 weeks on average.
Is IIPR a good value right now?
Here's what our data says about IIPR as of 2026-03-20: The stock is below its 200-week moving average, which is the starting point for our analysis. The 14-week RSI is 44. Free cash flow yield is 10.7%. Return on equity is 6.2%. Price-to-book is 0.8x. This is not a buy or sell recommendation — always do your own research.
How does IIPR compare to the S&P 500?
Over the past 8.4 years, $100 invested in IIPR would have grown to $453, compared to $280 for the S&P 500. That's 19.7% annualized vs 13.0% for the index. IIPR has outperformed the broader market over this period.
Does IIPR pay a dividend?
Yes. Innovative Industrial Properties, Inc. currently pays a dividend yield of 1473.00%.
Not financial advice. This is an educational tool. Past performance does not guarantee future results. Do your own research before making investment decisions.
Data as of week of 2026-03-20