Innovative Industrial Properties
D

IIPR

53.310
USD
0.60
(1.14%)
Market Open
Last updated: · Delayed 15 min
Volume
237
EPS
4
Div Yield
14.43
P/E
12
Market Cap
1,469,802,600
Related Instruments

Title: Innovative Industrial Properties

Sector: Real Estate
Industry: REIT - Industrial
Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its OperatingPartnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing realestate to regulated cannabis operators on long-term triple-net leases.

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