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IIPR

Innovative Industrial Properties, Inc.

https://www.innovativeindustrialproperties.com

Industry

REIT - Industrial

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.

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Piper Sandler analyst Alexander Goldfarb maintains a Neutral rating on Innovative Industrial Properties (NYSE:IIPR) and raises the price target from $110 to $120.

Portfolio Pulse from Benzinga Newsdesk

August 09, 2024 | 2:10 pm

Innovative Industrial Properties, Inc. (NYSE:IIPR) reported its Q2 2024 financial results, highlighting a 4% revenue increase to $79.8 million, a 4.4% dividend boost to $1.90 per share, and portfolio expansions. The company maintains a strong balance sheet with $2.6 billion in assets and an 11% debt ratio.

Portfolio Pulse from Nicolás Jose Rodriguez

August 05, 2024 | 11:00 pm

Innovative Industrial Properties (NYSE:IIPR) reported Q2 2024 earnings per share of $2.29, beating the analyst estimate of $2.22 by 3.15%. The company also reported sales of $79.793 million, surpassing the estimate of $77.712 million by 2.68%. This represents a 4.36% increase over the same period last year.

Portfolio Pulse from Benzinga Newsdesk

August 05, 2024 | 8:38 pm

The article reports on the significant gainers and losers among cannabis stocks on August 5, 2024. Notable gainers include Greenlane Holdings (NASDAQ:GNLN) with a 675.28% increase, and notable losers include Heritage Cannabis Holding (OTC:HERTF) with a 33.33% decrease.

Portfolio Pulse from Benzinga Insights

August 05, 2024 | 8:30 pm

On August 2, 2024, several marijuana stocks experienced significant price movements. Notable gainers included CordovaCann, CNBX Pharmaceuticals, Urban-gro, Zelira Therapeutics, Greenlane Holdings, Psychemedics, cbdMD, and others. Conversely, Elixinol Wellness, Affinor Growers, Pharmadrug, Kaya Holdings, 4Front Ventures, and several other stocks saw declines.

Portfolio Pulse from Benzinga Insights

August 02, 2024 | 8:30 pm

Cannabis stocks and ETFs saw significant movement following President Joe Biden's announcement that he will not seek re-election. Key stocks like Aurora Cannabis, Village Farms International, Tilray Brands, and SNDL experienced notable gains. Multi-state operators and cannabis ETFs also saw positive performance.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 10:12 pm

Cannabis stocks experienced significant volatility following President Joe Biden's announcement that he will not seek re-election. Some stocks surged while others plummeted, reflecting investor sentiment and market speculation about future regulatory changes. Cannabis ETFs also showed mixed performance, indicating cautious optimism among investors.

Portfolio Pulse from Nicolás Jose Rodriguez

July 22, 2024 | 6:12 pm

Roth MKM analyst Scott Fortune maintains a Buy rating on Innovative Industrial Properties (NYSE:IIPR) and raises the price target from $115 to $140.

Portfolio Pulse from Benzinga Newsdesk

July 22, 2024 | 2:46 pm

Chicago Atlantic Real Estate Finance (NASDAQ:REFI) is outperforming its peers in the cannabis capital providers and mortgage REIT sectors due to its premium valuation, high dividend yield, and robust growth track record. REFI trades at a 3% premium to its book value and offers a 12.2% dividend yield, supported by a solid dividend coverage ratio and special cash dividends. Despite an increase in leverage, REFI maintains a conservative risk profile and a strong growth track record, making it an attractive investment.

Portfolio Pulse from Nicolás Jose Rodriguez

July 05, 2024 | 3:02 pm

Cody Shandraw, president of Healing Realty Trust, discussed the role of real estate in the growth of psychedelic therapies on Benzinga’s Cannabis Insider podcast. Shandraw highlighted the importance of specialized facilities for treatments like MDMA-assisted therapy and mentioned his investment in Innovative Industrial Properties (NYSE:IIPR) as a pivotal moment. Healing Realty Trust aims to develop real estate solutions to support the expansion of psychedelic therapies, with potential future expansions and an IPO.

Portfolio Pulse from Patricio Liddle

June 24, 2024 | 3:01 pm

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