Innovative Industrial: Riding The Bubble [Seeking Alpha]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Seeking Alpha
Summary In my last article on Innovative Industrial Properties ( IIPR ) I estimated that their NAV was $19.33-$21.80/share. I said, A ticker trading at a substantial premium to NAV means there is a lot of optimism about the future and that shares can be issued at prices that will be immediately accretive for existing shareholders. Shareholders should be happy with IIPR issuing more shares to raise capital at current prices. Yesterday, IIPR announced a substantial secondary offering at $40/share. The offering is expected to have net proceeds exceeding $100 million. While the immediate impact was a drop in share price, this move is fantastic for current shareholders and provides a brief opportunity for those who want in. Since REITs distribute a significant portion of their cash-flow through dividends, secondary offerings are a frequent source of capital for expansion. Very large REITs can sustain their acquisition pace through At-The-Market programs whi
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IIPR
News
- Why Innovative Industrial Properties (IIPR) Dipped More Than Broader Market Today [Yahoo! Finance]Yahoo! Finance
- The Cannabis REIT Conundrum [Seeking Alpha]Seeking Alpha
- Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts [Seeking Alpha]Seeking Alpha
- These REITs Yield Up to 7.1% and Have Long Track Records of Dividend Growth [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