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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

Comment by drbob512on Nov 07, 2020 12:15am
100 Views
Post# 31856775

RE:Fyi: IIPR's new $500M ATM

RE:Fyi: IIPR's new $500M ATMInteresting that IIPR was up to 155 in AH trading, and that was after the PR release that they were doung a $500M ATM. Perhaps it won't dip on the news on Monday. Maybe the street sees it as a positive because it means they have a big pipeline of prospective deals to be made. The rate of new deals has slowed down a bit lately. No deal since Oct 1st whereas they usually do 1.5+ deals per month. We shall see early next week what the reaction is to the ATM financing.
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