Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst [Seeking Alpha]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Seeking Alpha
Innovative Industrial Properties has outperformed cannabis operators due to its landlord status and strong cash flow generation. The possibility of cannabis rescheduling on the Federal level could improve tenant credit quality and lead to a higher stock valuation. The Innovative Industrial Properties 7.2% dividend yield is too high given the minimal leverage compared to peers - reiterate buy. Looking for a portfolio of ideas like this one? Members of Best Of Breed Growth Stocks get exclusive access to our subscriber-only portfolios. Learn More » Innovative Industrial Properties, Inc. NYSE: IIPR ) remains one of the most undervalued names in the real estate investment trust, or REIT, sector. The cannabis REIT has faced some tenant difficulties amidst a cannabis bear market, but the current stock price continues to more than price in these risks. The company maintains an incredibly low leverage ratio as compared to traditional net lease peers, and management is taking proactive
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IIPR
News
- Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties (IIPR) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties to Report 2024 First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties to Report 2024 First Quarter ResultsBusiness Wire
- Why Innovative Industrial Properties (IIPR) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
IIPR
Earnings
- 2/26/24 - In-Line
IIPR
Sec Filings
- 4/1/24 - Form DEFA14A
- 4/1/24 - Form DEF
- 3/4/24 - Form 8-K
- IIPR's page on the SEC website