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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 29, 2020 4:30pm
61 Views
Post# 31204887

Just announced: 1.8M shares

Just announced: 1.8M shares offered in capital raise. Also 250k shares as possible add on option for underwriter, BTIG, LLC. SO IIPR is down almost 2.5 pts in AH at $88/share due to stock dilution scare. We all know that their stock offerings become accretive when they place the funds. So another very ST hit for this stick. They must really believe that their pipeline is solid & that they will close many deals. Hope they replace DionyMed soon & also get their 3 rent deferral tenants to starr paying on July 1st.
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