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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 30, 2020 6:11pm
82 Views
Post# 31210315

T.A. for IIPR Tues:

T.A. for IIPR Tues:Parabolic SAR @ 99 1/2 & dropping but still bearish. Stock opened gap down to about 85 3/4 as iipr announced stock offering so t was thought to be dilutive. It fell a little more to 85.40 LOD & slowly rallied to close @ 88.02 with HOD of bout 88 1/2. Stochastic fell to an oversold condition of bout 20% & closed @ 25% but still declining. Rated B it still is ST trend of Down by Swingtradebot but IT & LT is Up. Support at 85 has held, barely, for 2 times. Usually gap downs are for ST buying as it was today. We shall see if trend will reverse back up soon & if it follows thru tmrw on today's bullish reversal.
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