Cannabis REIT Innovative Industrial Properties Is Finally A Buy
Portfolio Pulse from
Innovative Industrial Properties (IIPR) is considered a buy despite a 23% stock drop due to tenant PharmaCann's rent default. IIPR has a strong balance sheet, increased revenue, and a high dividend yield, making it attractive at its current valuation.
December 22, 2024 | 12:15 pm
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Innovative Industrial Properties (IIPR) experienced a 23% stock drop due to PharmaCann's rent default, but remains a strong investment with a solid balance sheet, revenue growth, and a high dividend yield.
IIPR's stock price was negatively impacted by PharmaCann's rent default, but the company's strong financials and attractive valuation make it a good buy. The high dividend yield and growth in revenue and earnings support a positive outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100