Why Innovative Industrial Properties Stock Is Rising Higher This Week

Shares of leading cannabis-focused real estate investment trust (REIT) Innovative Industrial Properties (IIPR 3.04%) are up 16% this week as of 3 p.m. ET on Friday after the company announced fourth-quarter earnings. While revenue and funds from operations (FFO) each declined 13% in Q4, these figures easily exceeded Wall Street's expectations, helping push shares higher. A lot of this slowdown stems from litigation tied to defaults will that keep resolving with time, so the drop in revenue and FFO is worse ...

Why Innovative Industrial Properties Stock Is Rising Higher This Week - Reportify