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

Innovative Industrial Properties (NYSE: IIPR ), a cannabis REIT, has not performed well at all since my last buy rating on the stock on November 10, 2024. It has fallen by 28.6% on a total-return basis while the S&P 500 has beenI objectively search for undervalued stocks of any size across a wide variety of industries using quantitative methods that I've thoroughly backtested for success. I believe the numbers are more important than the story (most of the time), as they tend to paint a more realistic pictu ...