COMPANY RESEARCH
INNOVATIVE INDUSTRIAL PROPERTIES INC
IIPR · United States · Real Estate
INSIDER SIGNAL
Insider activity score：62.4 / 100
2 insiders · 2 purchase events · $996k net purchases
US #259 · United States #259
WHY THIS SIGNAL?
Score anatomy
Each bar shows the contribution to the current score; the weights and formula stay unchanged.
Cluster+14.0 / 35
How many distinct insiders bought in the cluster
Purchase size+17.3 / 25
Purchase value relative to company size and liquidity
Role+7.0 / 20
The seniority and relevance of participating insiders
Recency+8.5 / 10
How recently the purchases occurred
Conviction+9.7 / 10
How clearly buying stands out from other activity
What is holding the score back?
- ⚠ Buyer breadth is moderate · fewer than 4 distinct filers
- ⚠ Insider role contributes less on the current role scale
- ✓ Recent activity · latest purchase 2026-10-08
The role contribution follows the US model's seniority ladder.
Buying concentration
97%
Largest buyer：Gold Alan D · 1.00m USD
Gross qualified purchase transaction-line value：1.03m USD
The headline $ total is net buying for the screen; this module uses gross qualified purchase transaction-line values in the filing currency, so the amounts can differ. The current 15-day buyer-breadth input counts distinct buyers; value concentration is disclosed separately here.
This is a ranking under the current US screening rules—not a probability of gain, return forecast, or buy recommendation.
Key purchase quotes (filing currency)
| Filer | Price per unit | Trade date |
|---|---|---|
| Gold Alan D | 25 USD | Oct 8, 2026 |
| Ives Bruce Alan | 56.7 USD | Aug 31, 2026 |
Model details
Cluster breakdown (does not change the score)
- 15-day buyer breadth (count)
- 1 distinct reported filers
- Peak time window
- 2026-08-31 to 2026-08-31
- Current breadth input
- 0.400 (capped at 4+ buyers)
- Buyer independence
- Not yet measured; related-party fields are not cross-market comparable
What the filings show
- 🟢 Recent eligible purchase
Gold Alan D · 1.00m USD · Price 25 USD · Oct 8, 2026 - 🟢 PDMR purchase
Ives Bruce Alan · 30k USD · Price 56.7 USD · Aug 31, 2026 - 🔴 4 other transaction line(s) are not counted as discretionary-buying evidence; 0 have zero price
Insider timeline
2 insiders bought in the last 180 days, each once and more than 15 days apart.
Tap an item for what it means.
●A purchase: the bigger the dot, the more was bought
Each dot is one insider's purchases on one day. The dot's area follows the amount: the largest purchase here gets the largest dot. Hold the pointer over a dot to see the date and the amount.
×A sale
A cross is one insider's sales on one day. People sell to pay tax, to cash in share awards or to hold less of one company, so a sale says less than a purchase does. When someone bought and sold on the same day, the cross sits beside the dot. The totals are under “Purchases against sales” below.
▂Grey bars: companies across United States disclosing purchases each week
A taller bar is a week in which more companies disclosed insider purchases.
This company: insiders buying per month, last 12 months
2Nov
Dec
Jan
Feb
Mar
Apr
May
Jun
Jul
1Aug
Sep
1Oct
Darker bars are inside the 180-day window above.
Who traded
| Insider | Role | Purchases | Sales | Bought | First purchase | Share price since |
|---|---|---|---|---|---|---|
| Gold Alan D | CEO / chair | 1 | — | 1.0M USD | 2026-10-08 | — |
| Ives Bruce Alan | Board member | 1 | — | 29.9k USD | 2026-08-31 | — |
| Shoemaker Scott | Board member | — | 1 | — | — | — |
Purchases against sales
Purchases97%1.0M USD · 2 line(s) · 2 insider(s)
Sales3%34.4k USD · 1 line(s) · 1 insider(s)
Shares of the reported value of insider transactions in the 180-day window. Sales include disposals for tax, at option exercise or under a pre-set plan, which say little about an insider's view. The split describes what was disclosed; it is not a signal.
BULL VS BEAR
Two readings of this buying
The same filings, read two ways. Each line is a fact stored for this company with the number behind it, and appears only when that number crosses a fixed threshold. Neither side is a forecast and no winner is declared.
Where the evidence comes from
Independent evidence does not object: the purchases themselves carry bull lines (bought in the last two weeks); short sellers were checked and none crosses a bear threshold. No data is held for: share price and trading, company results, company actions.
- The insider purchases themselvesBullbought in the last two weeks Bearvalue concentrated in one buyer, usual level for this company6 checked, under the threshold · 1 missing
- Share price and tradingno data held
- Short sellers2 checked, under the threshold
- Company results2 missing
- Company actionsno data held
Bull case · the buying is informative
- The latest purchase is 10 days old (2026-10-08). The buying is current, not left over from an earlier quarter.
Bear case · discount it
- Gold Alan D accounts for 97% of the value bought. The other 1 buyer adds names more than money.
- Buying at this level is normal here: 2 insiders bought in the previous 180 days and 2 in this one.
Evidence still missing
- No buyer here has 5 or more completed earlier purchases on record, so there is no track record to weigh.
- The company's market value is not captured, so the purchases cannot be stated as a share of the business or of its trading volume.
- No earnings, margin or cash-flow figures are captured for this company. The latest annual and interim reports are where to check whether the business is improving or deteriorating.
Checked and under the threshold: 8, 2 close to it
- EitherNet purchases of $996k in 180 days. Bull from $1.0M, bear when all purchases total under $25k. close to the threshold
- BearFINRA short interest on 2026-09-30 equals 8.0 days of average trading volume, up 13% from the previous report. Counted for the bear side from 10 days, or from 10% of the shares outstanding. close to the threshold
- BullAt most 1 insider bought within any 15 days. Counted for the bull side from 3.
- BearInsiders sold $34k in the same 180 days, 3.3% of the amount bought. Counted for the bear side from 25%.
- BearNone of the 1 purchase filing ticks Form 4's 10b5-1 box.
- BearOver the last 5 trading days to 2026-10-16, 74% of this stock's off-exchange volume was sold short; over the 60 days before, 69%. The market's median is 50%. This is trading volume, not a position: a market maker who sells short and covers the same day is counted, so about half of all volume is short on an ordinary day. It is shown for comparison and counts for neither side.
- Bull1 of 2 purchase filings states the shares held before and after. The largest addition to an existing holding took it from 2,652 to 3,180 shares (+20%). Counted for the bull side from +100%, for the bear side below +1%.
- BearNo insider filing in the last 180 days opened a hedge on this stock.
Both columns arrange stored facts only. They do not change the insider score or the ranking and are not investment advice.
Why this score? · Model details
Priority = 100 × Σ(fixed weight × 0–1 rule-based input)
| Factor | Weight | This company input | Point contribution |
|---|---|---|---|
| 15-day buyer breadth (count) | 35% | 0.400 | 14.0 |
| Qualified-buy size | 25% | 0.691 | 17.3 |
| Role informativeness (inverted) | 20% | 0.650 | 13.0 |
| Recency | 10% | 0.846 | 8.5 |
| Buy/sell conviction | 10% | 0.967 | 9.7 |
This is a heuristic ordering under the current rules, not a calibrated return forecast. It explains why candidates rank differently; the public-filing evidence and data limits are shown below.
Signal history
62.4 / 100
Latest recorded score
↓ -0.7 ptssince the first recorded snapshot on 2026-10-14; 4 calendar days observed
- Recorded snapshots
- 4
- First snapshot
- 2026-10-14
There is not yet a 30-calendar-day comparison; earlier scores are not reconstructed. These are raw signal scores saved when each full scoring run completed. They describe changes in research ranking, not price performance or returns.
Why did it change?
Less than 30 days of comparable history is available, so factor movement is not yet decomposed.
Signal score history
Fixed 0–100 scale; dates are spaced by calendar time.
Recent recorded points
- 63.1
- 62.9
- 62.7
- 62.4
View all recorded scores
| Snapshot date | Signal score |
|---|---|
| 2026-10-14 | 63.1 |
| 2026-10-15 | 62.9 |
| 2026-10-16 | 62.7 |
| 2026-10-18 | 62.4 |
Sector context
- Buying breadth
- 6.2% (16 / 258 issuers)
- Sector rank
- #5 / 13
This is sector-level research context. It does not affect the Insider Signal or ranking.
Insider profile outcomes
Historical performance following insider filings. The company role is translated below each name while preserving the original title.
- Excess return = stock return − S&P 500 ETF (SPY adjusted close) return over the same period.
- Hit rate = completed events with positive excess return ÷ total completed events.
- Price coverage = valid point-in-time prices ÷ events mature enough for that period.
- Returns start on the first shared trading session on or after publication.
- Small-sample rule: n<5 is shown for transparency and is not scored.
Events are disclosure-level observations; related disclosures published on the same date may share a return path and may not be statistically independent. This research enrichment does not affect the insider score or ranking.
Insiders' buying price vs the latest close
No daily prices have been captured for this stock yet.
Buying size vs market trading
Complete price and volume history is not yet available.
Market-data coverage: 0 verified sessions · Latest session: — · Ratio status: Unavailable
Traded value is estimated as close × shares traded, in major currency units. Includes disclosed qualifying purchases; disclosures may lag. Contractual or planned acquisitions are not necessarily discretionary. Ratios describe relative trading size, not market participation or score contributions.
Regulatory filings
- Insider filing announcement · published 2026-10-13 · trade date 2026-10-08
- Insider filing announcement · published 2026-09-17 · trade date 2026-09-15
- Insider filing announcement · published 2026-09-01 · trade date 2026-08-31
Unfold all 17 filings
- Insider filing announcement · published 2026-10-13 · trade date 2026-10-08
- Insider filing announcement · published 2026-09-17 · trade date 2026-09-15
- Insider filing announcement · published 2026-09-01 · trade date 2026-08-31
- Insider filing announcement · published 2026-06-23 · trade date 2026-06-19
- Insider filing announcement · published 2026-06-23 · trade date 2026-06-19
- Insider filing announcement · published 2026-06-11 · trade date 2026-06-09
- Insider filing announcement · published 2026-02-03 · trade date 2026-01-02
- Insider filing announcement · published 2026-01-21 · trade date 2026-01-20
- Insider filing announcement · published 2026-01-21 · trade date 2026-01-20
- Insider filing announcement · published 2026-01-21 · trade date 2026-01-20
- Insider filing announcement · published 2026-01-06 · trade date 2026-01-02
- Insider filing announcement · published 2026-01-05 · trade date 2026-01-01
- Insider filing announcement · published 2026-01-05 · trade date 2026-01-01
- Insider filing announcement · published 2026-01-05 · trade date 2026-01-01
- Insider filing announcement · published 2025-11-25 · trade date 2025-11-24
- Insider filing announcement · published 2025-11-20 · trade date 2025-11-20
- Insider filing announcement · published 2025-11-20 · trade date 2025-11-20
Results and insider purchases
| Results (8-K) | Bought within 5 sessions | Bought within 20 sessions | Buyers, 20 sessions before |
|---|---|---|---|
| 2026-08-0316:13 ET · after the closeFirst session 2026-08-04 | None | 1 · $29.9KIves Bruce Alan | 0 |
| 2026-05-0417:13 ET · after the closeFirst session 2026-05-05 | None | None | 0 |
| 2026-02-2316:54 ET · after the closeFirst session 2026-02-24 | None | None | 0 |
| 2025-11-0418:26 ET · after the close | None | 2 · $247.1KGold Alan D; Smith David Jon | 0 |
Results dates are the company's 8-K filings to the SEC under Item 2.02 (results of operations); one filed after the close counts from the next session. Purchases are open-market buys reported on Form 4 (code P), by trade date; a Form 4 can arrive two business days after the trade, so the latest days can still fill in. Facts only; this does not change the score or rank.
Ownership and trading-plan context
| Direct / indirect ownership | Direct |
|---|---|
| 10b5-1 filing evidence | Not declared in filing field |
| Evidence retrieved | 2026-10-14T22:27:11+00:00 |
These are accession-level filing fields. Unavailable means the evidence was not fetched or parsed; it is never inferred as “No” and does not adjust the US score.
Filing evidence
These are underlying national-feed records from the 365-day window ending on the saved ranking snapshot. The score uses only the latest 180 days; older qualifying equity purchases remain visible for audit but do not enter the current score. The original filer, role, transaction classification, instrument, price, volume, value and source fields are retained. The first three rows are shown; remaining records can be unfolded for audit. Other transaction types are retained but excluded from the score.
Excluded transactions & classification
5 qualifying purchase disclosure(s) · 6 transaction line(s)
Nov 24, 2025Open market purchase
Gold Alan D · EXECUTIVE CHAIRMAN
Common Stock · 2600.0 shares × 49.09 USD · 127634.00000000001 USD
Open filingNov 20, 2025Open market purchase
Gold Alan D · EXECUTIVE CHAIRMAN
Common Stock · 1000.0 shares × 45.7 USD · 45700.0 USD
Open filingNov 20, 2025Open market purchase
Smith David Jon · CFO AND TREASURER
Common Stock · 600.0 shares × 45.9 USD · 27540.0 USD
Open filingUnfold all 3 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2025-11-19 | 2025-11-20 | Gold Alan D | EXECUTIVE CHAIRMAN | Open market purchase | Common Stock | 46.26 USD | USD | 1000.0 | 46260.0 USD | Open filing |
| 2026-08-31 | 2026-09-01 | Ives Bruce Alan | Director | Open market purchase | Common Stock | 56.7 USD | USD | 528.0 | 29937.600000000002 USD | Open filing |
| 2026-10-08 | 2026-10-13 | Gold Alan D | EXECUTIVE CHAIRMAN | Open market purchase | 9.25% Series B Cumulative Redeemable Preferred Stock | 25.0 USD | USD | 40000 | 1000000.0 USD | Open filing |
Showing 6 of 6 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level $ aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Other disclosed transactions · excluded from score
View 14 other transaction(s)
Jan 20, 2026Grant or award
Smithers Paul E. · PRESIDENT, CEO AND DIRECTOR
Common Stock · 47643.0 shares × — · 0.0 USD
Open filingJan 20, 2026Grant or award
Smith David Jon · CFO AND TREASURER
Common Stock · 20061.0 shares × — · 0.0 USD
Open filingJan 20, 2026Grant or award
Bui Andy · VP, CHIEF ACCOUNTING OFFICER
Common Stock · 6522.0 shares × — · 0.0 USD
Open filingUnfold all 11 remaining filing row(s)
| Transaction date | Published | Filer | Role | Transaction | Instrument | Price (local currency) | Quote currency | Volume | Reported value (local currency) | Source |
|---|---|---|---|---|---|---|---|---|---|---|
| 2026-01-02 | 2026-02-03 | Shoemaker Scott | Director | Exercise of derivative security | Common Stock | 0.0 USD | USD | 911.0 | 0.0 USD | Open filing |
| 2026-01-02 | 2026-01-06 | Smithers Paul E. | PRESIDENT, CEO AND DIRECTOR | Exercise of derivative security | Common Stock | 0.0 USD | USD | 10653.0 | 0.0 USD | Open filing |
| 2026-01-02 | 2026-01-06 | Smithers Paul E. | PRESIDENT, CEO AND DIRECTOR | Shares withheld for tax or exercise price | Common Stock | 49.47 USD | USD | 5169.0 | 255710.43 USD | Open filing |
| 2026-01-01 | 2026-01-05 | Smithers Paul E. | PRESIDENT, CEO AND DIRECTOR | Shares withheld for tax or exercise price | Common Stock | 47.36 USD | USD | 10983.0 | 520154.88 USD | Open filing |
| 2026-01-01 | 2026-01-05 | Bui Andy | VP, CHIEF ACCOUNTING OFFICER | Shares withheld for tax or exercise price | Common Stock | 47.36 USD | USD | 1204.0 | 57021.44 USD | Open filing |
| 2026-01-01 | 2026-01-05 | Smith David Jon | CFO AND TREASURER | Exercise of derivative security | Common Stock | 0.0 USD | USD | 4555.0 | 0.0 USD | Open filing |
| 2026-01-01 | 2026-01-05 | Smith David Jon | CFO AND TREASURER | Shares withheld for tax or exercise price | Common Stock | 47.36 USD | USD | 1634.0 | 77386.24 USD | Open filing |
| 2026-06-19 | 2026-06-23 | Smith David Jon | CFO AND TREASURER | Grant or award | Common Stock | — | USD | 9219.0 | 0.0 USD | Open filing |
| 2026-06-19 | 2026-06-23 | Smithers Paul E. | PRESIDENT, CEO AND DIRECTOR | Grant or award | Common Stock | — | USD | 22299.0 | 0.0 USD | Open filing |
| 2026-06-09 | 2026-06-11 | Ives Bruce Alan | Director | Grant or award | Common Stock | — | USD | 2652.0 | 0.0 USD | Open filing |
| 2026-09-15 | 2026-09-17 | Shoemaker Scott | Director | Open market sale | Common Stock | 56.36 USD | USD | 611.0 | 34435.96 USD | Open filing |
Showing 14 of 14 matching raw-feed row(s) from the current 365-day research window. Prices and reported values remain in the filing currency and its major unit (for example, UK pence are parsed as GBP). The screen-level $ aggregate is separately FX-normalised for research ranking, not a trade-date conversion.
Snapshot & identity
- Snapshot date
- 2026-10-18
- Ticker
- IIPR
- ISIN
- —
- Sector
- Real Estate
- Industry
- —
Company logos by Parqet
Signal outcomes
Calculated from immutable US ranking snapshots; excess return is stock return minus SPY return. Newly saved snapshots remain pending until each forward horizon matures. This never affects the US score.
| Horizon | Status | Result |
|---|---|---|
| 5D | Awaiting maturity | — |
| 20D | Awaiting maturity | — |
| 60D | Awaiting maturity | — |
| 120D | Awaiting maturity | — |
How to read Form 4 transaction codes
| Code | Interpretation | Screen treatment |
|---|---|---|
| P | Open-market / private purchase | Buy evidence when the security is qualifying equity |
| S | Sale | Sell evidence when the security is qualifying equity |
| A | Grant / award | Context only |
| F | Tax-related withholding | Context only |
| M | Option exercise | Context only |
| G | Gift | Context only |
| J / L | Other / non-directional | Context only |
P/S rows for options, warrants, compensation units and debt remain visible for audit but are excluded from equity scores and quotes.