Innovative Industrial Properties: 8.1% YTM Bonds Offer Best Bet On Cannabis
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Innovative Industrial Properties (IIPR) experienced a significant stock price drop due to a default by its largest tenant. The stock now yields 11%, and preferred shares yield over 9%. The article discusses the safety of these investments and highlights bonds with an 8.1% yield to maturity as a safer option.
December 26, 2024 | 11:15 pm
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Innovative Industrial Properties' stock dropped due to a tenant default, increasing stock and preferred share yields. Bonds with 8.1% YTM are considered safer.
The default by IIPR's largest tenant directly impacts its revenue stream, leading to a stock price drop. The increased yields on stock and preferred shares indicate higher risk, while bonds are seen as a safer investment.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100