Innovative Industrial Properties Q4: Why I'm Considering Opening A Position [Seeking Alpha]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Seeking Alpha
AFFO & Net Income both grew at an average rate of 7% year-over-year. The REIT collected 100% rent despite tenant troubles during the year and the challenging economic backdrop. IIPR has a low leveraged balance sheet with no debt maturing until 2026, putting the company in a strong position to navigate a higher for longer environment. With a current P/AFFO ratio of less than 11x, I think the stock offers great upside potential when interest rates do decline sometime in the near future. IIPR's tenants are small and somewhat unknown. This also puts the company at higher risk if the economy experiences a downturn, as their top 10 tenants account for 78% of ABR. Introduction I'll admit when Innovative Industrial Properties ( NYSE: IIPR ) was the new hot thing on the stock market, I almost bought into the company for the appealing dividend. I watched the stock explode and trade near $300 before crashing back down to earth. I remember saying to myself, I'm glad I didn't start a p
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News
- Strength Seen in Innovative Industrial Properties (IIPR): Can Its 4.8% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- 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
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