Innovative Industrial: DEA Approves The Rescheduling, But Risks Emerge (Downgrade)
IIPRInnovative Industrial Properties(IIPR) Seeking Alpha·2024-05-15 06:18
Hinterhaus Productions Dear readers, Innovative Industrial Properties (NYSE:IIPR) is a cannabis REIT which specializes in acquiring and leasing cultivation and retail facilities to major cannabis operators in the US. IIPR IR Recently, the REIT has seen increased interest from investors, because of three main factors.  a high 7% dividend yield, a reasonable valuation at an implied cap rate of 8%, and significant bullish catalysts that are likely to play-out in the near future.   Last time I wrote about t ...