Innovative Industrial Properties, Inc.

Stage 3 · Topping · week 7

As of Oct 22, 2026, Innovative Industrial Properties is in Stage 3, the topping phase, now in week 7 (since Sep 4, 2026). It closed at $54.56, 12.6% below its 52-week high and above its 200-day average, which is rising.

$54.56

+3.77% today

$1.5B · Small cap

Market Neutral — Building

Pro read

Pro

Our read

Topping: the uptrend is tiring

Setup score

—

Momentum

Steady

Edge

—

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Stage Cycle Timeline2023-08-16 → 2026-10-22

S2 49w

S4 26w

S2 24w

2023-08-162026-10-22

S1S2S3S4Setup score (0–10, dashed line at 5)

S1 4w → S2 5w → S3 8w → S2 49w → S3 5w → S4 26w → S1 6w → S4 6w → S1 8w → S4 11w → S1 6w → S2 24w → S3 7w current

Total tracked: 165 weeks across 13 stage runs.

IIPR among REIT - Industrial4th of 15 by relative strength

All 15 →

Stocks in REIT - Industrial ranked by relative strength, with stage and one-month change
#	Stock	Stage	RS	1M
1	LXPLXP Industrial Trust	Stage 2 · wk 25	78	+0.3%
2	ILPTIndustrial Logistics Properties Trust	Stage 3 · wk 7	77	−2.7%
3	EGPEastGroup Properties, Inc.	Stage 3 · wk 6	67	+0.9%
4	IIPRInnovative Industrial Properties, Inc.	Stage 3 · wk 7	67	+2.3%
5	COLDAmericold Realty Trust, Inc.	Stage 3 · wk 5	64	+0.5%
6	TRNOTerreno Realty Corporation	Stage 3 · wk 5	62	+0.3%
7	PLDPrologis, Inc.	Stage 4 · wk 2	58	−5.4%
8	PSAPublic Storage	Stage 3 · wk 6	58	+7.8%

vs 52W High

-12.6%

$38.64 lo$62.42 hi

12.6% below 52W high, weakening from peak

The stock is rolling over from its 52-week high. In Stage 3 distribution, new long positions carry high risk.

Stage Maturity

Week 7

1w13w26w

Week 7, distribution

How long this stock has been in Stage 3 distribution. Longer tops often precede deeper Stage 4 declines.

vs 200 DMA

5.4%

200 DMA: $51.78 · rising

Stock is losing its 200 DMA. Once lost, it confirms Stage 4 risk. This is a major red flag for existing holders.

Rel Volume

1.01x

vs 50-day avg

Volume spikes on down days during Stage 3 signal distribution, with institutions exiting. Stage analysis reads that as a warning against new long positions.

Trend Health

↓

Short-term trend rolling over

Two reads of momentum. The arrow shows the direction of the short-term trend: rising (↑ or ↗), flat (→) or rolling over (↓). The ⇈ mark appears when our trend model reads the move as gaining speed on top of the longer trend. Strongest when both agree.

+2.3%

-8.1%

+9.9%

YTD

+22.4%

+16.6%

Scan Membership

Breakout Watch

Latest: 2023-12-13

5 appearances in last 60 days. First seen: 2018-10-16.

A stock that keeps qualifying week after week does so because its Stage 2 structure keeps holding. Staying power in the scan says more about the trend than any single appearance.

Recent Stage Timeline

2026-10-22S3

Wk 7 · Vol 1.01x

2026-10-21S3

Wk 7 · Vol 0.67x

2026-10-20S3

Wk 7 · Vol 0.67x

2026-10-19S3

Wk 7 · Vol 0.66x

2026-10-16S3

Wk 6 · Vol 0.89x

2026-10-15S3

Wk 6 · Vol 0.97x

2026-10-14S3

Wk 6 · Vol 1.54x

2026-10-13S3

Wk 6 · Vol 1.15x

2026-10-12S3

Wk 6 · Vol 0.75x

2026-10-09S3

Wk 5 · Vol 0.55x

2026-10-08S3

Wk 5 · Vol 1.06x

2026-10-07S3

Wk 5 · Vol 1.31x

Moving averages & range

50 DMA

$53.49

200 DMA

$51.78

52W High

$62.42

52W Low

$38.64

5D Low

$51.61

Resistance levels (recent highs)

20d High

$54.56

60d High

$58.66

120d High

$62.42

250d High

$62.42

Next resistance

+7.5%

to 60d High

P/E (TTM)

12.3

Forward 12.4

Earnings Growth (YoY)

+57.7%

Revenue +0.7%

ROE

+7.4%

Profit margin +52.3%

Dividend Yield

14.45%

P/B 0.9

Innovative Industrial Properties: quick answers

What stage is Innovative Industrial Properties in?

As of Oct 22, 2026, Innovative Industrial Properties (IIPR) is in Stage 3, the topping phase. It entered Stage 3 on Sep 4, 2026 and is in week 7. What the four stages mean

Is Innovative Industrial Properties in an uptrend?

Its uptrend has stalled. Innovative Industrial Properties is in Stage 3, the topping phase that follows an advance. It trades 5.4% above its 200-day average, which is rising.

How far is Innovative Industrial Properties from its 52-week high?

Innovative Industrial Properties closed at $54.56 on Oct 22, 2026, 12.6% below its 52-week high of $62.42. Its 52-week low is $38.64.

How has Innovative Industrial Properties performed over the past year?

As of Oct 22, 2026, Innovative Industrial Properties is up 16.6% over the past year and up 22.4% so far in 2026.

Which sector and industry is Innovative Industrial Properties in?

Innovative Industrial Properties is in the REIT - Industrial industry, part of the Real Estate sector.

About this companyReal Estate· REIT - Industrial

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry. As of June 30, 2026, we owned 108 properties comprising an aggregate of approximately 8.4 million rentable square feet in 19 states. Innovative Industrial Properties, Inc. was established on June 15th 2016 and is incorporated in Maryland.

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All analytics based on EOD data. Data as of 2026-10-22. Past data patterns are not indicative of future results. This page is a data analytics tool only.