Innovative Industrial Properties Remains A Compelling Dividend Buy - Reclassification Is Coming
IIPRInnovative Industrial Properties(IIPR) Seeking Alpha·2024-06-16 23:30

Yarygin We previously covered Innovative Industrial Properties (NYSE:IIPR) in February 2024, discussing why we had maintained our Buy rating, despite the YTD correction in its stock prices and the underperformance compared to the wider market. With the cannabis REIT continuing to deliver sustainable and profitable operations despite the uncertain federal legalization process and elevated interest rate environment, we believed that it remained well positioned to pay out rich dividends ahead. Since then, IIPR ...