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Innovative Industrial Properties Inc IIPR

Alternate Symbol(s):  IIPR.P.A

Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated cannabis facilities. The Company is engaged in the business of providing real estate for the regulated cannabis industry. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately d 108 properties comprising an aggregate of approximately 8.9 million rentable square feet (including approximately 1.4 million rentable square feet under development/redevelopment) in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiaries include IIP-AZ 1 LLC, IIP-AZ 2 LLC, IIP-AZ 3 LLC, IIP-CA 2 LP, and IIP-CA 1 LP.


NYSE:IIPR - Post by User

Post by drbob512on Jun 26, 2020 12:16am
102 Views
Post# 31193662

T.A for IIPR Thurs:

T.A for IIPR Thurs:Daily parabolic SAR is at 89.82 as stock flirted with turning bearish past two days, primarily due to ystrdy's big drop but due to the late rally today, it stayed positive being below stock price. Today was an inside day and had a narrow range which means it didnt follow thru to the downside, a positive for the stock. Rated B by Swingtradebot but ST trend remains down. Stochastic coming down, at k49% so still negative. Slide deck for IIPR was posted at Seeking Alpha in past day or two : impressive. Owners as of June 30 will have divvy on July 15th of $1.06cash or stock equivalent if DRIP.
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