Innovative Industrial Properties, Inc. (IIPR)
Pre-market:
- Motley Fool
Got $1,000? These 2 Stocks Could Be Bargain Buys for 2023 and Beyond
Share price tells you very little about a stock, but these discounted stocks are tempting buys in the current market.
- Zacks
Innovative Industrial Properties (IIPR) Outpaces Stock Market Gains: What You Should Know
Innovative Industrial Properties (IIPR) closed the most recent trading day at $87.41, moving +1.15% from the previous trading session.
- Motley Fool
Innovative Industrial Properties Stock Just Tanked. Here's What to Do About It.
On Jan. 18, Innovative Industrial Properties (NYSE: IIPR) dropped a bombshell with its operating and investment activity update for the fourth quarter and full year 2022. Now, the company's difficulties are clearly much larger than in July 2022, when its tenant Kings Garden defaulted, spooking investors. As a real estate investment trust (REIT), Innovative Industrial Properties makes money by doing sale-leaseback transactions in which it pays cash for cannabis cultivation real estate and then inks a lease for the space's former owner, turning it into a rent-paying tenant.
