Innovative Industrial Properties Inc vs Realty Income Corp — how do they compare? Innovative Industrial Properties Inc trades at $51.83 (market cap $1.43B), while Realty Income Corp trades at $54.18 (market cap $51.26B). The key difference: Realty Income Corp is far larger — about 35.8× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays the higher dividend (14.64%). Which is the better fit depends on your goals — on Pluang, investors hold Innovative Industrial Properties Inc for 86 Days and Realty Income Corp for 127 Days on average.
| IIPR | O | |
|---|---|---|
Market Cap | $1.43B | $51.26B |
Volume | 394,222 | 12,300,266 |
Sector | Real Estate | Real Estate |
52-Week High | $64.67 | $67.56 |
52-Week Low | $44.58 | $53.35 |
Typical Hold Time | 86 Days | 127 Days |
Enterprise Value | $1.96B | $81.88B |
Dividend Yield | 14.64% | 6.01% |
Signals from Pluang's Aura AI — not financial advice
IIPR trades at $51.92, up 1.35% with bearish technical signals but attractive valuation metrics including P/E of 11.75 and P/B of 0.83. The REIT reported mixed Q2 2026 earnings, beating expectations with $1.36 EPS versus $1.02 expected, while revenue declined to $266M in 2025. Recent news highlights a $245M mezzanine loan commitment and a $1.90 quarterly dividend, though cash flow turned negative in 2025.
The stock presents a high-yield opportunity with 13%+ dividend yield but faces tenant default risks and sector volatility. Analyst consensus is mixed with 36% buy ratings and $84.67 price target suggesting 63% upside, though technical indicators remain bearish. Regulatory catalysts and balance sheet strength provide potential upside amid cannabis REIT sector challenges.
Realty Income (O) trades at $54.17, up 1.54% today, but remains in a bearish technical trend with support near $53. The stock has missed earnings expectations for three consecutive quarters, though revenue and net income grew in 2025. Analyst consensus is a Buy with a $64.16 target, but rising bond yields pressure REIT valuations. Recent news highlights its 6% dividend yield and long-term payout growth amid sector volatility.
O offers a high dividend yield and stable occupancy, but faces headwinds from interest rate sensitivity and earnings misses. Upside depends on executing growth amid a challenging macro environment. Key risks include debt levels and competition. The stock presents income appeal but requires caution given technical weakness and fundamental pressures.
Trailing returns across standard periods
What Pluang investors did over the last 30 days
Latest headlines on both assets
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Read more on IIPR →Realty Income owns roughly 11,400 properties, most of which are freestanding, single-tenant, triple-net-leased retail properties. Its properties are located in 49 states and Puerto Rico and are leased to 250 tenants from 47 industries. Recent acquisitions have added industrial, office, manufacturing, and distribution properties, which make up roughly 17% of revenue.
Read more on O →