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0 0 0 0.00116731517509718 0.00136186770428016 0.00175097276264584 0.00116731517509718 0.00116731517509718
Stock impact report

Innovative Industrial Properties: Shareholders Hold On To Hope Of No Dividend Cut [Seeking Alpha]

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Seeking Alpha
The REIT has seen its dividend yield sell to 14.8% with coverage negative at 84%, a nominal dividend shortfall of around $8.6 million. IIPR expects to resolve the bulk of its tenant defaults over the next 3 to 9 months. OpenRangeStock/iStock via Getty Images Innovative Industrial Properties ( IIPR ) is paying out a double-digit dividend yield from an incredibly low levered real estate portfolio that's seen elevated tenant defaults to render the dividend yield as unsafe. The equity REIT primarily focuses on industrial cannabis properties, leased This article was written by Analyst's Disclosure: I/we have a beneficial long position in the shares of IIPR either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past perf Show less Read more
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