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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 Sep 02, 2020 12:50am
99 Views
Post# 31492263

IIPR made another new

IIPR made another new sale-leaseback deal, which i thought would occur in August but cant be too critical they were 1 day late lol. Stock keeps grinding up slow and steadily. Dividend to be declared in1-2 wks. Technicals remain bullish & rated A. Has dropped 3% a couple times but immediately recovered to new yearly highs. Gap remains @ 130-132. Still awaiting Holistic to get final court approval to takeover Dionymed's lease. Occupancy rate @ 99.3% & 16 year ave. term while cap rate estimated to be 13% still.
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