Innovative Industrial

(NYSE: IIPR)
Real Estate  |  REIT—Industrial
81.39 -1.13 -1.37%
Stock Price | Jan. 21, 2020, 3:59 p.m.
4 Followers
Bid: 73.37
Ask: 82.5
Prev. Close: 82.52
52 Week Low: 52.1316
52 Week High: 139.53
PE Ratio: 56.506849
Dividend Yield: 485.0%

Company Summary

Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. The company faces competition from a diverse mix of market participants, including but not limited to, other companies with similar business models, independent investors, hedge funds and other real estate investors, hard money lenders, and cannabis operators.

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