ZG - This Dividend-Paying Cannabis Stock Had Higher 1-Year Return Than Tesla Citigroup Apple And Zillow | Benzinga
If you added cannabis-focused real estate investment trust – Innovative Industrial Properties (NYSE:IIPR) about a year ago, you’d be enjoying solid returns.
IIP is the first publicly traded company on the New York Stock Exchange to provide real estate capital to the regulated cannabis industry. Since its launch nearly eight years ago it has improved its sale-leaseback program to include cultivation, processing and retail properties with carefully chosen tenants that are licensed operators under long-term, triple-net leases.
Over the last 12 months, IIP's stock has outperformed some of the most popular stocks in the world, such as Tesla (NASDAQ:TSLA), Apple (NASDAQ:AAPL), Citigroup (NYSE:C) and Zillow Group (NASDAQ:ZG).
What's more, marijuana REIT has been paying consecutive quarterly dividends to its common stockholders since the second quarter of 2017.
What is the best way for publicly traded marijuana companies to thrive and how to access capital amid challenging industry conditions will be one of many ...