NewLake Has Stabilized And Remains Attractive [Seeking Alpha]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Seeking Alpha
The company has reported improved performance, with a Q4 revenue of $13 million and 100% rent collections. Catalysts for potential price growth include the continued growth of the cannabis industry and the potential rescheduling of cannabis by the Federal government. This idea was discussed in more depth with members of my private investing community, High Yield Landlord. Learn More » Dear readers, NewLake Capital Partners OTCQX:NLCP ) is a high-yield cannabis REIT with operations in limited-license states in the U.S. The REIT is relatively small with a market cap of $340 Million, trades over-the-counter (OTC), and holds 14 cultivation facilities and 17 dispensaries leased to a total of 13 tenants. I've covered the stock multiple times, most recently here , with my last BUY rating at $13.20 per share. My thesis was based on three things: a high double-digit (12%) dividend yield, significant potential upside of 30%+ driven by declining yields and several positive legislative
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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