I
INNOVATIVE INDUSTRIAL PROPERTIES INC
REIT - Diversified
· Common: IIPR
Innovative Industrial Properties (IIPR) is an internally managed real estate investment trust (REIT) focused on acquiring, owning, and managing specialized industrial and commercial properties across the United States. The company's portfolio primarily consists of facilities leased on a triple-net basis to state-licensed cannabis operators, with properties typically acquired through sale-leaseback transactions or third-party purchases. Under triple-net leases, tenants bear responsibility for structural repairs, maintenance, taxes, and insurance. Beyond cannabis real estate, IIPR also holds financial investments in the life science sector and is actively pursuing property acquisitions in that industry as part of its broader growth strategy.
1 Exchange-Traded Security
| Symbol | Type | Coupon | Price | Yield | Call Date | |
|---|---|---|---|---|---|---|
| IIPR'A | preferred | 9.000% | 25.24 | 8.91% | 2022-10-19 |