Innovative Industrial: Join 6%-Yielding Leader With Multiple Growth Catalysts, Here's Why
IIPRInnovative Industrial Properties(IIPR) Seeking Alpha·2024-08-23 21:00

anilakkus/iStock via Getty Images Innovative Industrial Properties (NYSE:IIPR) is the only cannabis-related REIT listed on the New York Stock Exchange. It is a triple net lease REIT operating within a unique sector, concentrating on acquiring and managing specialized properties leased to state-licensed cannabis operators. The acquisitions are realised mainly as saleleaseback transactions or third-party deals. For those unacquainted with the 'triple-net lease' term, it's a highly favourable type of agreement ...