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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 Sep 09, 2020 9:54am
65 Views
Post# 31526016

Early Wed re Mkt, IIPR

Early Wed re Mkt, IIPRThe Nasdaq led mkt dropped 3 days in a riw: Thurs Fri Tues, thus triggering the 3 day rule, which is that 1 or 2 down days in a row doesnt give a Sell Signal but 3 major down days in a row raises a red flag. This us a T.A. idea which was important & a grt signal in Feb/Mar this year, but ilke all T.A. ideas, is not 100% accurate or predictive, but does indicate probabilities. This morning on Wed sees a rally thus far but much damage has been done to the mkt, espec growth & megacap growth stocks such as AAPL TSLA DOCU ZM so this bounce has a lot to prove as ystrd's lows could get tested w/in a few days due to the damage done. Also crude oil, which has been correlated with stocks for the past 1-2 months, has dropped aharply. Now IIPR held up well ystrdy and has relative strength vs. disruptive growth stocks which dropped 25-35% in 3 days.IIPR has support @ 108 1/2 & resistance @ 127.
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