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Innovative Industrial Properties, Inc. is an internally managed real estate investment trust (REIT). The Company is focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. It acquires its properties through sale-leaseback transactions and third-party purchases. The Company owns approximately 109 properties comprising an aggregate of 9.0 million rentable square feet (including 666,000 rentable square feet under development/redevelopment) in 19 states, including Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. Its subsidiary is IIP Operating Partnership, LP (Operating Partnership).
Find out what a historical investment in Innovative Industrial Properties, Inc. would be worth today using our IIPR stock calculator.
Market Capitalisation
$1.60B
Price-earnings ratio
-
Dividend yield
13.63%
Volume
226.5K
High today
$55.90
Low today
$54.77
Open price
$55.89
52-week high
$61.40
52-week low
$44.58
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