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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 Nov 06, 2020 10:16pm
216 Views
Post# 31856602

Fyi: IIPR's new $500M ATM

Fyi: IIPR's new $500M ATMProgram was announced today after the mkt closed. Saw it filed on 11/3 but PR today. So perhaps they sold some shares this week or perhaps they will start selling next week, thru their agents such as Ladenburg & BTIG. In the past, stocks usually dip a little when ATMs are announced. We shall see if that happens early next week. Gap is open below, @ 136 1/2 - 140. Could trade to just above the top of gap & then reverse up or could fill gap partially or in full, and then reverse back up. T.A. later this weekend, perhaps Sunday late night.
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