IIPR - Innovative Industrial Properties: Fair Price No Signs Of Recreating Its Past
2024-05-14 00:05:46 ET
Summary
- Innovative Industrial Properties offers exposure to the cannabis industry through rent, allowing investors to generate income.
- Despite its brief history, IIP has seen significant growth but has slowed down in recent years.
- IIP primarily builds its portfolio through sale-leaseback transactions, with long-dated, triple-net leases.
- Yet, there is a history of selling shares at meager prices, hurting long-term returns.
Innovative Industrial Properties ( IIPR ) ("IIP") represents an interesting way to seek exposure to the cannabis industry: through rent. As a REIT, IIP allows investors a chance to generate income from such exposure, as many of the cannabis producers and vendors themselves do not offer dividends....
Innovative Industrial Properties: Fair Price, No Signs Of Recreating Its Past