We Are The Cannabis REIT's Investment Thesis Remains Promising, Thanks To The Robust Profitability & Macro Tailwinds We previously covered Innovative Industrial Properties (NYSE:IIPR) in June 2024, discussing the cannabis REIT's robust performance metrics on top of the raised quarterly dividends. Combined with the promising tailwinds observed in the (potential) federal reclassification of cannabis and the growing bullish support observed in its stock prices/ valuations, we had reiterated our Buy rating then ...

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 ...

I t al T Corporation T b T W T 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 t ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 FOR THE TRANSITION PERIOD FROM _________ TO _________ Commission file number: 001-37949 Innovative Industrial Properties, Inc. (Exact Name of Registrant as Specified in Its ...

Innovative Industrial Properties, Inc. (NYSE:IIPR) Q2 2024 Results Conference Call August 6, 2024 1:00 PM ET Company Participants Brian Wolfe - VP, General Counsel, Secretary Alan Gold - Executive Chairman Paul Smithers - President, CEO & Director Ben Regin - Chief Investment Officer Catherine Hastings - Chief Operating Officer David Smith - CFO & Treasurer Conference Call Participants Tom Catherwood - BTIG Connor Mitchell - Piper Sandler Scott Fortune - Roth Capital Partners Eric Des Lauriers - Craig-Hallu ...

Exhibit 99.1 Innovative Industrial Properties Reports Second Quarter 2024 Results Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 SAN DIEGO, CA – August 5, 2024 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial ...

Morsa Images Back in 2020, one company that I was fairly bullish about was Innovative Industrial Properties (NYSE:IIPR). For those not familiar with the business, it operates as a REIT that caters to the cannabis market. During its first few years in operation, the company achieved remarkable growth, both on its top line and on its bottom line. Recently, however, there has been evidence of a slowdown. To be clear, the long term outlook for legal cannabis consumption in the US is most certainly positive. And ...

Innovative Industrial Properties, Inc. (IIPR) , a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities, is set to announce its second-quarter 2024 earnings results on Aug 5 after market close. In the last reported quarter, Innovative Industrial reported adjusted funds from operations (FFO) per share of $2.21, which missed the Zacks Consensus Estim ...

Innovative Industrial Properties (IIPR) closed at $123.52 in the latest trading session, marking a +0.48% move from the prior day. This move outpaced the S&P 500's daily gain of 0.08%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, added 0.07%. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.02 per share and a revenue of $309.65 million, representing changes of -0.66% and +0.05%, respectively, from the prior year. The Zacks Rank system, running fro ...

tampatra Dear readers, Innovative Industrial Properties (NYSE:IIPR) is one of the largest cannabis REITs in the U.S. and owns cultivation properties, as well as dispensaries across the country with a focus on leasing to strong state-licensed cannabis operators. What makes cannabis REITs different The REIT enjoys a number of advantages compared to traditional net lease REITs such as Realty Income (O) or Agree Realty Corporation (ADC) which is why it has been on many investors' radar recently. In particular, ...