Innovative Industrial Properties, Inc.
Innovative Industrial Properties, Inc. (IIPR) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · IIPR · as of Sep 30, 2025
Ownership Breakdown
327
Institutional Holders
▼ 4 vs Q2
$1.00B
Total Inst. Value
▼ $64.37M vs Q2
28.77M
Shares Outstanding
freeFloat 98.10%
18.66M
13F Shares Held
▼ 613,321 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
IIPR largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
BLACKROCK, INC. real estate | 4.65M | 16.66% | 16.66% | $249.25B | Nov 12, 2025 | ▼ 52.3K |
VANGUARD GROUP INC real estate | 4.27M | 15.28% | 15.28% | $228.56B | Nov 7, 2025 | ▼ 121.2K |
STATE STREET CORP real estate | 1.61M | 5.78% | 5.78% | $89.42B | Nov 14, 2025 | ▼ 30.0K |
CHARLES SCHWAB INVESTMENT MANAGEMENT INC real estate | 516.8K | 1.85% | 1.85% | $27.69B | Nov 10, 2025 | ▲ 21.2K |
INVESCO LTD. real estate | 440.4K | 1.58% | 1.58% | $23.59B | Nov 13, 2025 | ▲ 58.2K |
GOLDMAN SACHS GROUP INC real estate | 403.6K | 1.45% | 1.45% | $21.62B | Nov 14, 2025 | ▲ 200.2K |
D. E. SHAW & CO., INC. real estate | 388.1K | 1.39% | 1.39% | $20.80B | Nov 14, 2025 | ▲ 83.0K |
NORTHERN TRUST CORP real estate | 361.5K | 1.29% | 1.29% | $19.37B | Nov 14, 2025 | ▼ 49.7K |
BANK OF NEW YORK MELLON CORP real estate | 343.8K | 1.23% | 1.23% | $18.42B | Nov 3, 2025 | ▼ 10.9K |
DIMENSIONAL FUND ADVISORS LP real estate | 333.9K | 1.20% | 1.20% | $17.89B | Nov 12, 2025 | ▼ 496 |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
22
Increased
+670.8K shares3
New Positions
first time holders23
Decreased
−703.4K shares0
Sold Out
fully exitedNet shares change (top 50)
32.6K
+670.8K / −703.4K
Net new holders
+2
3 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
IIPR insider trading · insider activity
Source: SEC Form 4
6
Buy transactions
6
Sell transactions
1.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Jan 20, 2026 | Award | 47,643 | — | — | 150.6K | Form 4 ↗ |
Gold Alan D EXECUTIVE CHAIRMAN | Jan 20, 2026 | Award | 66,702 | — | — | 66.7K | Form 4 ↗ |
Smith David Jon CFO AND TREASURER | Jan 20, 2026 | Award | 20,061 | — | — | 23.6K | Form 4 ↗ |
Bui Andy VP, CHIEF ACCOUNTING OFFICER | Jan 20, 2026 | Award | 6,522 | — | — | 16.2K | Form 4 ↗ |
Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Jan 2, 2026 | Tax Withhold | 5,169 | $49.47 | $255.7K | 102.9K | Form 4 ↗ |
Smithers Paul E. PRESIDENT, CEO AND DIRECTOR | Jan 1, 2026 | Tax Withhold | 10,983 | $47.36 | $520.2K | 97.5K | Form 4 ↗ |
Bui Andy VP, CHIEF ACCOUNTING OFFICER | Jan 1, 2026 | Tax Withhold | 1,204 | $47.36 | $57.0K | 9.7K | Form 4 ↗ |
Smith David Jon CFO AND TREASURER | Jan 1, 2026 | Tax Withhold | 1,634 | $47.36 | $77.4K | 3.5K | Form 4 ↗ |
Kreitzer Gary A director | Oct 15, 2025 | Award | 1,839.078 | $55.28 | $101.7K | 63.1K | Form 4 ↗ |
Kreitzer Gary A director | Jul 15, 2025 | Award | 1,782.138 | $55.15 | $98.3K | 61.3K | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Innovative Industrial Properties, Inc. (IIPR) is primarily owned by institutional investors, who hold approximately 64.8% of total shares outstanding. Company insiders own approximately 1.90%, while retail and public investors account for the remaining 33.26%.
The largest institutional shareholder of Innovative Industrial Properties, Inc. is BLACKROCK, INC., holding approximately 4.65 million shares — equal to 16.66% of outstanding shares — as of September 30, 2025.
A total of 327 institutional investors currently hold IIPR stock, with a combined institutional value of approximately $1.00 billion as of the most recent 13F filing period.
Frequently asked questions
IIPR ownershipInnovative Industrial Properties, Inc. (IIPR) is primarily owned by institutional investors, who hold approximately 64.8% of shares. The largest shareholder is BLACKROCK, INC. with a 16.66% stake. Company insiders hold 1.90%. Data sourced from SEC Form 13F as of September 30, 2025.