These passive-income giants, with yields ranging from 7.4% to 11.8%, have the potential to nearly triple investors' money by the turn of the decade.
Innovative Industrial Properties (NYSE: IIPR), a real estate investment trust (REIT) servicing the regulated cannabis industry, had notable gains in Q2 2022. Meanwhile, in early spring it raised funds via a common stock sale, which helped it keep down its debt while continuing to grow the company.
Innovative Industrial Properties has a troubled tenant. Here are the potential outcomes as its business model gets tested.