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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 16, 2020 9:32pm
71 Views
Post# 31279145

Sorry for double post:

Sorry for double post:IIPR needs to hold support @ 85. If ER shows 100% revenue growth y/y for IIPR, it could finally move it above 101 & 108 (prior recent highs). If FFO is better than estimates & better than last qtr, it will indicate that the dividend is not only safw but also that it can be raised again. This company is under the radar as far as the media, such as CNBC. We shall see if IIPR meets, beats or is below estimates in a couple wks.
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