This Dividend-Paying Cannabis Stock Had Higher 1-Year Return Than Tesla, Citigroup, Apple And Zillow
Portfolio Pulse from Nina Zdinjak
Innovative Industrial Properties (IIPR), a cannabis-focused real estate investment trust, has outperformed major stocks like Tesla (TSLA), Apple (AAPL), Citigroup (C), and Zillow Group (ZG) over the past year with a return of 36.26%. IIPR has been paying quarterly dividends since Q2 2017 and reported a slight increase in net income for Q4 2023. The company owns 108 properties across the U.S. and will be a topic at the upcoming Benzinga Cannabis Capital Conference.
April 11, 2024 | 4:45 pm
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POSITIVE IMPACT
Innovative Industrial Properties reported a year-over-year return of 36.26%, outperforming major stocks and showing solid growth in the cannabis sector.
IIPR's strong performance and consistent dividend payments highlight its solid position in the cannabis real estate market, likely attracting more investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100
NEUTRAL IMPACT
Apple saw a return of 4.8% from April 2023 to the present, significantly lower than IIPR's performance.
Apple's modest gain, while positive, is overshadowed by IIPR's significant outperformance, indicating differing market dynamics.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Citigroup enjoyed a return of 27.5%, showing strong performance but still trailing behind IIPR.
Citigroup's strong return reflects positively on its performance, but IIPR's higher return highlights the latter's exceptional market position.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEUTRAL IMPACT
Zillow Group had a modest return of 1.35%, underperforming in comparison to IIPR's significant gains.
Zillow Group's minimal gain contrasts with IIPR's substantial growth, reflecting different market conditions and investor interest.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Tesla experienced a negative return of 8.05% from April 2023 to the present, underperforming compared to IIPR.
Tesla's underperformance compared to IIPR could reflect market volatility or sector-specific challenges, potentially impacting investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50