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Stock impact report

Innovative Industrial Properties: Without AFFO Growth, It May Just Become A Value Trap (Rating Downgrade) [Seeking Alpha]

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Seeking Alpha
IIPR's current dividend payout exceeds free cash flow, making a significant dividend cut likely and already partially priced into shares. Valuation appears attractive, with fair value estimates suggesting substantial upside, but weak FFO/AFFO growth raises value trap concerns. Recent diversification into life sciences and potential cannabis policy shifts offer catalysts, but I require improved fundamentals before turning bullish. boonstudio/iStock via Getty Images Innovative Industrial Properties, Inc. ( IIPR ) is a specialized industrial real estate investment trust - REIT, focusing mainly on renting out their properties to cannabis producers. I started covering the firm back in May 2022 with This article was written by Analyst's Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am Show less Read more
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