Is IIPR or AWR a better dividend investment in 2026?

IIPR currently yields 15.18% with a 5% 5-year dividend growth rate. AWR yields 4.00% with 5% growth. The better choice depends on your goal: IIPR offers higher current income.

What is the dividend yield difference between IIPR and AWR?

IIPR has a forward dividend yield of 15.18% ($7.60/share annually). AWR yields 4.00% ($2.00/share annually). The yield gap is 11.18 percentage points.

Home › Compare › IIPR vs AWR

IIPR vs AWR: Dividend Comparison 2026

IIPR yields 15.18% · AWR yields 4.00%● Live data

vsPost on X →

After 10 years · $10,000 invested · DRIP enabled

🏆 IIPR wins by $5401268.17M in total portfolio value

INVESTMENT

TIME HORIZON10 years

IIPR

● Live price

15.18%

Share price

$50.05

Annual div

$7.60

5Y div CAGR

98.4%

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$5401268.20M

Annual income

$5,328,222,621,367.95

Full IIPR calculator →

AWR

● Live price

4.00%

Share price

$50.00

Annual div

$2.00

5Y div CAGR

Payout ratio

50%

After 10 yrs · $10,000 · DRIP

Portfolio value

$28.0K

Annual income

$899.19

Full AWR calculator →

Portfolio growth — IIPR vs AWR

📍 IIPR pulled ahead of the other in Year 1

Annual dividend income

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Recession Test — Did They Cut Dividends?

How each stock treated shareholders during the 3 biggest crises of the last 20 years

Crisis Period	IIPR	AWR
2008–2009 GFC	— No data	— No data
2020 Q1–Q2 COVID	— No data	— No data
2022 Q4 Rate Hike	— No data	— No data

Based on dividend payment history. "Increased" = dividend grew during crisis. "Maintained" = held within 3%. "Cut" = reduced by more than 3%.

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Dividend Calendar Overlap

Combined, IIPR + AWR cover 0 of 12 months — good coverage

Jan

—

Feb

—

Mar

—

Apr

—

May

—

Jun

—

Jul

—

Aug

—

Sep

—

Oct

—

Nov

—

Dec

—

IIPR pays

AWR pays

Both pay

Neither

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Tax Bracket Optimizer

Which stock is actually better after tax? Adjust your rate to find out.

IIPR

Annual income on $10K today (after 15% tax)

$1,290.71/yr

After 10yr DRIP, annual income (after tax)

$4,528,989,228,162.76/yr

AWR

Annual income on $10K today (after 15% tax)

$340.00/yr

After 10yr DRIP, annual income (after tax)

$764.31/yr

At 15% tax rate, IIPR beats the other by $4,528,989,227,398.45/year in after-tax income after 10 years on $10,000

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Lazy Portfolio Split Optimizer

What's the optimal mix of IIPR + AWR for your $10,000?

IIPR: 50%AWR: 50%

100% AWR50/50100% IIPR

Portfolio after 10yr

$2700634.12M

Annual income

$2,664,111,311,133.57/yr

Blended yield

98.65%

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Analyst Conviction Gap

Where Wall Street is most bullish on IIPR right now

IIPR

Analyst Ratings

Buy

Hold

Sell

Consensus: Hold

Price Target

$44.00

-12.1% upside vs current

Range: $44.00 — $44.00

Altman Z

1.6

Piotroski

6/9

AWR

No analyst data

Altman Z

1.9

Piotroski

6/9

Analyst ratings via FMP. Altman Z-Score: >3.0 safe, 1.81–3.0 grey zone, <1.81 distress. Piotroski: 7–9 strong, 0–3 weak.

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Copy Congress — What Are Politicians Buying?

Senate & House STOCK Act disclosures (last 90 days)

IIPR buys

AWR buys

No recent congressional trades found for IIPR or AWR in the last 90 days.

STOCK Act mandates disclosure within 45 days of transaction. Data via FMP.Full tracker →

MetricIIPRAWR

Forward yield	15.18% ✓	4.00%
Annual dividend / share	$7.60 ✓	$2.00
Payout ratio	50%	50%
1-year div growth	0%	5% ✓
5-year div CAGR	98.4% ✓	5%
Portfolio after 10y	$5401268.20M ✓	$28.0K
Annual income after 10y	$5,328,222,621,367.95 ✓	$899.19
Total dividends collected	$5396373.73M ✓	$6.4K
Payment frequency	quarterly	quarterly
Sector	REIT	Stock

Year-by-year: IIPR vs AWR ($10,000, DRIP)

Year	IIPR Portfolio	IIPR Income/yr	AWR Portfolio	AWR Income/yr	Gap
1← crossover	$13,713	$3,012.67	$11,120	$420.00	+$2.6K → IIPR
2	$22,333	$7,660.04	$12,357	$458.31	+$10.0K → IIPR
3	$47,027	$23,131.62	$13,721	$499.76	+$33.3K → IIPR
4	$140,638	$90,318.50	$15,227	$544.58	+$125.4K → IIPR
5	$651,307	$500,824.07	$16,885	$593.02	+$634.4K → IIPR
6	$4,997,469	$4,300,571.21	$18,713	$645.34	+$4.98M → IIPR
7	$66,532,812	$61,185,520.15	$20,724	$701.81	+$66.51M → IIPR
8	$1,581,591,200	$1,510,401,090.75	$22,938	$762.73	+$1581.57M → IIPR
9	$68,266,898,517	$66,574,595,933.54	$25,372	$828.41	+$68266.87M → IIPR
10	$5,401,268,202,782	$5,328,222,621,367.95	$28,047	$899.19	+$5401268.17M → IIPR

IIPR vs AWR: Complete Analysis 2026

IIPR — REIT

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

Full IIPR Calculator →

AWR — Stock

AWR is a dividend-paying stock. Use this calculator to estimate your future dividend income, DRIP compounding returns, and passive income potential from investing in AWR shares.

Full AWR Calculator →

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⚠️ Educational purposes only. Not financial advice. Congressional trades sourced from SEC STOCK Act filings via FMP. Past performance does not guarantee future results.