China Environment Equities 1H25 preview: Stay focused on cash 1H25 results preview (all YoY comparison for 1H25) Summary | Company | Ticker | Ccy | Rating | Price | | | _____TP_____ Upside Market cap | | | _________P/E________ | | | ________P/B_________ | | | ____Dividend yield (%) ___ | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | | Old | New | | USDm | 25e | 26e | 27e | 25e | 26e | 27e | 25e | 26e | 27e | | EBE | 257 HK | HKD | B ...

Innovative Industrial (NYSE:IIPR) is an industrial REIT focused on growing facilities and other real estate infrastructure of the legal marijuana supply chain. We have been bearish on the company for quite a while, writing multiple bear reports here, here and here. We believed IIPR’s leases involved a sort of loan baked in as both purchase price and rental rates were well above market rates. Thus as tenants either defaulted or leases expired, we thought they would have to mark rents back down to market and ...