✅   Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield

Finance

Innovative Industrial Properties (NYSE:IIPR) has been a big winner and I can understand the temptation to sell. The company has executed strongly over the last several years, working through issues with troubled tenants and along the way dispelling fears about the true value of its real estate portfolio. The company continues to maintain significantly less leverage than traditional net lease peers, and still trades at some relative discount. That said, growth is likely to remain pressured in the near to medium term and the relative discount is not as large as it has been over the last two years. That can be justification for lightening any overweight positions, but I see continued upside ahead as pending regulatory ...

seekingalpha.com     Jun 14, 2024