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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 Nov 10, 2020 10:27pm
98 Views
Post# 31875532

T.A. for S&P500 Tues:

T.A. for S&P500 Tues:The Pfizer vaccine news has boosted the Re-open stocks like banks, airliners, cruiseliners, hotels, some retailers while stay at home stocks have been crushed, along with pseudo stay at home/ pandemic stocks. Therefore the Dow has outperformed the SPY & Nasdaq the past couple sessions. Some growth & stay at home stocks have dropped 20-30% or more in the recent days & some in the recent weeks: PTON ZM FVRR CRWD TWLO TDOC OSTK for example. The technicals have been trumped by this news but will value/ Re-open stocks continue to outperform growth stocks & stay at home stocks for the intermediate & long term? Cramer says stay at home stocks will drop for multi days & i agree for the ST but not in the long run. S&P500 had briefly rallied to a new ATH of 3644 but reversed down badly that same day. This mkt is bifurcated betw a rising Dow & a weak Nasdaq & QQQ. The rest of the week could provide some data as to the trend for value vs. growth stocks. I still like growth stocks which may form a bottoming formation very soon & eventually lead to a bullish reversal as i doubt banks, airlines & hotel stocks can be leaders very long as opposed to AAPL MSFT GOOG AMZN TWLO CRWD TDOC IIPR FVRR. Jmho dyodd glta.
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