Innovative Industrial: Why It Is Time To Move To The Sidelines (Rating Downgrade)
IIPRInnovative Industrial Properties(IIPR) Seeking Alpha·2024-08-23 17:40
FatCamera Innovative Industrial Properties (NYSE:IIPR) has been one of the most consistent winners in the cannabis sector. In comparison with the stocks of its operator tenants, which have seen great volatility, IIPR has more or less sustained a stable uptrend since bottoming in early 2023. What has been the difference? Whereas the operators have suffered from incessant price compression, IIPR has been more or less insulated due to earning fixed rent, outside of a handful of troubled properties. This ma ...