Bullish Case: IIPR has a resilient financial performance with rising dividends and revenue growth in a growing U.S. cannabis market. This fundamental strength supports solid ongoing operational success and increased rent collections, reflective in sustained investor interest.


Bearish Case: Risks from tenant defaults and fluctuating regulatory environments could impact revenues and undermine stability. The high price-to-book ratio and elevated Helium implied volatility signify investor concern and potential bearish shifts.


Potential Outcomes:

1) 60%: Continued operation strength boosts returns.

2) 20%: Tenant defaults due to economic shifts lower revenues.

3) 15%: Legal changes affect the cannabis market.

4) 5%: Unexpected macroeconomic downturn influences sector negatively.


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April 24, 2024


Innovative Industrial Properties Forecast

IIPR        Innovative Industrial Properties
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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