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What is innovative industrial properties (IIPR) stock?

Innovative Industrial Properties stock takes the guesswork out of having to pick stocks of specific marijuana producers or retailers. Moreover, IIPR stock currently pays quarterly dividends of $1.80 per share, for a yield of 7.9%.

What does IIPR stand for?

Innovative Industrial Properties, Inc. (NYSE IIPR) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Delayed by at least 15 minutes.

Is IIPR a good investment?

As a result, IIPR is one of the few players in this niche of real estate. In addition, the cannabis industry in North America is projected to reach $38.2 billion by 2028, which represents a compound annual growth rate of 16.6% from 2022 to 2028. Thus, this provides strong industry tailwinds to help fuel growth.

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