Innovative Industrial Properties: Dividend Yield Is Safe Amidst Elevated Liquidity

Core Insights - Innovative Industrial Properties (IIPR) is currently trading below $80 per share, a significant decline attributed to the December default of its largest tenant, PharmaCann, which accounted for approximately 17% of annualized base rent [1] Group 1: Company Performance - The decline in IIPR's share price reflects the impact of tenant defaults on real estate investment trusts (REITs) [1] - The equity market's daily price fluctuations can lead to substantial long-term wealth creation or destruction, highlighting the volatility in the REIT sector [1] Group 2: Investment Strategy - Pacifica Yield is focused on long-term wealth creation by targeting undervalued high-growth companies, high-dividend stocks, REITs, and green energy firms, indicating a strategic approach to investment in the current market environment [1]