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Innovative Industrial Properties Inc IIPR

Alternate Symbol(s):  IIPR.PR.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. The Company acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 108 properties comprising 9.0 million square feet (including 722,000 rentable square feet under development/redevelopment) in 19 states, including 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 Operating Partnership, LP, Innovative Industrial Properties, LP, IIPR, Inc. and IIP-GP 2 LLC.


NYSE:IIPR - Post by User

Post by drbob512on Jul 08, 2020 5:55pm
111 Views
Post# 31242108

T.A. for IIPR Wed:

T.A. for IIPR Wed:Golden Cross still in effect as 50 dma @ 86 while 200dma @ 82, portending a big move up after current large consolidation range of 85-97, perhaps starting in last half of July; as Parabolic SAR @ 97, within striking distance if IIPR can rally 6 pts, to reverse it to bullish Volume was very light today & that could continue until a catalyst occurs. B rating with ST trend rose from Down to Flat today, as selling pressure dissipated today. Stochastic barely crossed down but not decisively, after rising from oversold conditions. Equilibrium likely to resolve in 1-2 wks. 97-101 is resistance while trong support @ 85. Dividend on July 15 so if you've got DRIP, prefer SP to stay below 100 to get more shares. Ancillary mj stocks been best subsector, with IIPR among the best performers since Mar 23 low of 40.
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