IIPR - Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts

2024-04-09 15:31:47 ET

Summary

• Innovative Industrial Properties is a cannabis REIT with over 100 properties in license-limited states, offering reduced competition and lower risk.
• IIPR trades at a discounted valuation with a 7%+ dividend yield and potential upside from upcoming bullish catalysts.
• The expected rescheduling of cannabis and changes to banking regulations could significantly benefit IIPR's tenants and lead to a re-rating of the stock.

Dear readers,

Innovative Industrial Properties, Inc. ( IIPR ) is a cannabis REIT which owns just over a hundred properties located across the country. Similarly to its peer NewLake Capital Partners, Inc. ( NLCP ), it operates primarily in license-limited states, which significantly lowers new competition due to higher barriers of entry and reduces the risk because the license is often tied to the property which makes re-leasing (in case of tenant default or lease expiry) a lot easier....

For further details see: