IIPR - Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield
2024-06-13 21:23:17 ET
Summary
- Innovative Industrial Properties has executed strongly, dispelling fears about troubled tenants.
- Growth may be pressured in the near to medium term, but pending regulatory reform could improve the credit profile of its tenant roster.
- IIPR continues to trade at a discount to traditional net lease peers and has potential for multiple expansion.
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Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield