IIPR Stock: Strong Results Prove the Dividend Is Rock-Solid [Yahoo! Finance]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Yahoo! Finance
The cannabis-specialized REIT was trading at a dividend yield in the double-digits a few months ago, with Mr. Market essentially pricing in the possibility of a dividend cut due to tenant issues. However, IIPR stock has recently turned around, with its Q4 report instilling confidence in the dividend's durability. Consequently, I remain bullish on IIPR stock. Q4 Results: A Review of an Excellent Quarter Innovative Industrial Properties managed to largely extinguish investors' concerns regarding the coverage of its dividend by delivering excellent Q4 results. The company's report was marked by prudent capital management, strong top- and bottom-line numbers, and the absence of any tenant issues, as was the case previously. Let's take a deeper look at the company's report to get a better understanding. Prudent Capital Management To begin with, in stark contrast to the acquisition spree observed by IIPR from its IPO in 2016 to 2022, the REIT refrained from acquiring any properties
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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