Innovative Industrial

(NYSE: IIPR)
Real Estate  |  REIT - Industrial
87.07 -0.22 -0.25%
Stock Price | May 23, 2019, 3:43 p.m.
3 Followers
Bid: 86.98
Ask: 87.04
Prev. Close: 87.29
52 Week Low: 31.608
52 Week High: 93.24
PE Ratio: 90.638263
Dividend Yield: 206.0%

Company Summary

Innovative Industrial Properties Inc was incorporated in Maryland on June 15, 2016. The Company is 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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