Innovative Industrial: Forget The 16.5% Yield, Get The 9.7%-Yielding Preferreds [Seeking Alpha]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Seeking Alpha
IIPR trades at 0.7x book value, but AFFO per share no longer covers the dividend; a cut could occur as soon as the next earnings report. Regulatory uncertainty around cannabis rescheduling and ongoing tenant defaults keep IIPR's common shares range-bound and risk profile elevated. IIPR preferred shares, yielding 9.7% and trading below redemption value, offer attractive risk/reward given the company's strong balance sheet and BBB+ rating. Tinnakorn Jorruang/iStock via Getty Images Innovative Industrial Properties ( IIPR ), a cannabis REIT that's also diversifying into life sciences investments, is a stock I've been following loosely for a few years now. After checking that its dividend yield has reached 16.5% and that it's trading well under its This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purc
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IIPR
News
- Compass Point Moves Innovative Industrial Properties (IIPR) to Neutral [Yahoo! Finance]Yahoo! Finance
- Piper Sandler Raises Innovative Industrial Properties, Inc. (IIPR) Price Target to $45 from $44 [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties (IIPR) was upgraded by Compass Point from "sell" to "neutral". They now have a $45.00 price target on the stock.MarketBeat
- Alliance Global Boosts IIPR Valuation on Improving Tenant Payment Outlook [Yahoo! Finance]Yahoo! Finance
- Why Innovative Industrial Properties Stock Is Rising Higher This Week [Yahoo! Finance]Yahoo! Finance
IIPR
Earnings
- 2/23/26 - Beat
IIPR
Sec Filings
- 3/4/26 - Form 8-K
- 2/24/26 - Form 10-K
- 2/23/26 - Form 8-K
- IIPR's page on the SEC website