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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 16, 2020 8:53am
77 Views
Post# 31565857

Divvy hike 10% so IIPR

Divvy hike 10% so IIPRrises 4.6% or 5 1/2 pts to 125.85, on moderately heavy volume, so yield is about 3.75%, still almost 2X the yield of S&P 500. Rated A. Magnetic pull towards gap @ 130-132 likely. AAPL has small dividend & remains the leader of FAANG?& Nsdq but IIPR quietly outperforms it in past couple weeks. Next catalyst for iipr could be price targets raised by analysts to an ave. of 140-150. Perhaps Blackstone will buy more.
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