Innovative Industrial Properties: Yielding Over 10%, The Valuation Is Substantially De-Risked

Core Viewpoint - Innovative Industrial Properties (IIPR), a cannabis REIT, has experienced a significant decline of 28.6% in total-return since the last buy rating on November 10, 2024, while the S&P 500 has performed differently [1] Group 1: Company Performance - IIPR has not performed well since the last buy rating, indicating potential challenges in the cannabis REIT sector [1] - The decline in IIPR's stock price suggests that the company may be facing headwinds that could affect its future performance [1] Group 2: Investment Strategy - The analysis emphasizes the importance of quantitative methods in identifying undervalued stocks across various industries, suggesting a data-driven approach to investment [1] - The belief that numerical data often provides a more realistic picture of a company's prospects than narrative storytelling is highlighted [1]