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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Gain on sale of real estate

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

Outstanding Shares

Market Cap

Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

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Innovative Industrial Properties (IIPR) reports robust 2022 performance amidst industry challenges

Innovative Industrial Properties (IIPR) navigated challenges in the regulated cannabis industry while reporting strong financial performance in 2022. The company remains focused on re-leasing properties, collecting rents, and strategically deploying capital. Despite market dynamics and tenant issues, IIPR is optimistic about long-term industry growth.

Innovative Industrial Properties reports strong Q1 performance amidst industry challenges

IIPR's Q1 performance reflects resilience amidst challenges in the cannabis industry.
Maintaining strong credit metrics and cautious approach to tenant struggles and regulatory changes.
Opportunities in state-specific programs and potential federal legislation support growth outlook.
Focus on strong tenants and industry growth while ensuring shareholder compensation.

Innovative Industrial Properties reports robust Q2 performance amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial results, showcasing resilience and growth potential amidst industry challenges and economic uncertainties.
The company's strategic focus on tenant monitoring, market adaptability, and team quality positions it well for future growth and expansion.
Despite facing tenant defaults and market uncertainties, IIPR remains optimistic about the cannabis industry, emphasizing financial stability, and growth opportunities in new states.

Innovative Industrial Properties (IIPR) reports robust Q3 earnings amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial performance in Q3 2023, supported by robust revenues and diligent rent collection.
Despite facing challenges in the regulated cannabis industry and market dynamics, IIPR's proactive approach and strong balance sheet position it for long-term success.
Opportunities in addressing industry challenges and leveraging growth prospects underscore IIPR's strategic resilience and commitment to value creation.
Management's optimism and strategic focus on operational efficiency and market opportunities bode well for IIPR's future performance and shareholder value.

Innovative Industrial Properties reports strong Q4 performance and growth outlook

Innovative Industrial Properties (IIPR) delivered robust financial results, showcasing growth, profitability, and operational efficiency in Q4 2023.
Despite challenges in revenue timing uncertainties and market dynamics, IIP's strengths in financial stability, diversified portfolio, and product quality position it well for future growth.
Opportunities lie in expanding the property portfolio, leveraging indoor product advantages, and exploring growth avenues in tenant operations and industry trends for sustained success.

Innovative Industrial Properties reports stable Q1 performance amidst industry challenges

Innovative Industrial Properties delivered stable financial performance in Q1, focusing on operational expansion and maintaining a strong balance sheet.
The company faces challenges from market dynamics and regulatory uncertainties but is well-positioned to capitalize on growth opportunities.
With a strategic approach to leasing, investments, and portfolio management, the company navigates industry challenges while seeking operational efficiencies.
Analyst inquiries highlighted the company's resilience, potential impacts of legislative changes, and the importance of addressing market dynamics.

Innovative Industrial Properties reports robust Q2 earnings amidst market expansion

Innovative Industrial Properties (IIPR) delivered a strong Q2 performance with solid financial results and strategic growth initiatives.
Despite regulatory uncertainties, IIPR's financial stability, diversified portfolio, and growth prospects position it well for future success.
The company's focus on market expansion, operational efficiency, and prudent investments underscores its resilience and potential for sustained growth.

Innovative Industrial Properties (IIPR) excels in Q3 amidst industry challenges

Innovative Industrial Properties (IIPR) delivers a solid Q3 performance, showcasing financial stability and strategic positioning in a challenging industry. The company's strong liquidity, low leverage, and diversified portfolio set a solid foundation for future growth and investment opportunities amidst evolving market dynamics.

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Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold, Gary A. Kreitzer and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

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Cannabis stocks might seem an easy place to park your money for intense rewards. After all, President Joe Biden – who previously played coy with the idea of legalization – announced a move to reclassify marijuana to a lesser enforcement category.

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IIPR remains a compelling Buy for growth/ dividend oriented investors, thanks to its inherent undervaluation and rich forward yields. The upcoming cannabis federal reclassification will also trigger new growth opportunities for MSOs and REITs alike, further aided by the SAFER Banking Act. This is especially since IIPR calls the three largest US Multi-State Operators by Market Cap as its core tenants, namely Curaleaf, Trulieve, and Green Thumb.

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The latest trading day saw Innovative Industrial Properties (IIPR) settling at $106.62, representing a +0.33% change from its previous close.

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Chicago Atlantic Real Estate Finance

With increasing state-level legalizations, real estate investment trusts (REITs) such as Innovative Industrial Properties, Inc. IIPR NewLake Capital Partners, Inc. NLCP and Chicago Atlantic Real Estate Finance, Inc. REFI are funds that provide capital, navigating the dissonance between state and federal laws.

Cannabis Property Funds Control Over $4.5B: Are Investors Missing Out On High Dividend Stocks?

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2024 dividend of $1.90 per share of common stock, representing a 4.4% increase over IIP's first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per.

Innovative Industrial Properties Declares Second Quarter 2024 Dividends

Innovative Industrial Properties has executed strongly, dispelling fears about troubled tenants. Growth may be pressured in the near to medium term, but pending regulatory reform could improve the credit profile of its tenant roster. IIPR continues to trade at a discount to traditional net lease peers and has potential for multiple expansion.

Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield

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More states are legalizing cannabis. Conflicting federal and state laws are providing an opportunity for real estate investment trusts. REITs are stepping in to provide capital to the cannabis industry, including Innovative Industrial Properties, NewLake Capital Partners, and Chicago Atlantic Real Estate Finance.

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Innovative Industrial's (IIPR) Florida property buyout and tie-up with a subsidiary of AYR Wellness are to help this REIT bank on solid opportunities in the company's markets.

Innovative Industrial (IIPR) Expands With Florida Asset

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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a 16 acre property comprising 145,000 square feet of industrial space in Ocala, Florida, and entered into a long-term, triple-net lease with a subsidiary of AYR Wellness Inc. (CSE: AYR.A, OTCQX: AYRWF) (AYR). The purchase price for the prop.

Innovative Industrial Properties Acquires Florida Property and Expands Long-Term Real Estate Partnership with AYR Wellness

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If you're retiring, retired, or just thinking about retiring, it's never too late to protect your portfolio with undervalued retirement stocks – especially those with dividends. Look at PepsiCo (NASDAQ: PEP ), for example.

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Investing in cannabis Real Estate Investment Trusts (REITs) offers a lucrative opportunity as the US cannabis industry and top marijuana stocks thrive. The industry is projected to grow from $20 billion in 2020 to $100 billion by 2030. This impressive growth presents a compelling case for long-term investment in high dividend-yielding stocks. Cannabis REITs like Innovative Industrial Properties, Inc. (IIPR), NewLake Capital Partners, Inc. (NLCP), and AFC Gamma, Inc. (AFCG) are at the forefront, providing robust dividends and growth potential. Furthermore, recent headlines hint at possible federal legalization, which could significantly boost the sector's prospects. With the increasing acceptance and legalization of cannabis across states, these REITs are well-positioned for substantial returns.

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There's bad news brewing for some cannabis stocks. Even as cannabis rescheduling efforts continue, a key segment of the wider market is coming up on massive disruption: a hemp ban.

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Undervalued growth stocks are particularly hard to find because investors are looking for companies that have experienced significant share price growth while trading for a fair valuation and continuing to offer a significant upside. There are stocks out there that fit this criteria — it just takes some digging.

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The cannabis industry and marijuana stocks in the United States are booming, with recent reports projecting the market to exceed $40 billion by 2025. Ancillary cannabis companies, which provide essential products and services to growers and retailers, play a crucial role in this growth. These companies supply everything from hydroponic equipment to real estate, ensuring the industry runs smoothly. Notably, recent headlines about potential federal legalization have sparked investor interest. This legal shift could open up significant opportunities for ancillary businesses, making them attractive investments.

Top 3 Ancillary Cannabis Stocks to Watch in June

NewLake Capital, a cannabis REIT, is currently trading at an 8% dividend yield, down from its previous 12% yield. As valuations increase, the risks facing IIPR and other cannabis REITs, such as redeployment risk, change.

NewLake Capital, IIPR And Cannabis REITs

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While real estate investment trusts aren't the most exciting ideas available, their generally reliable platform makes REIT stocks a compelling avenue for success. That's especially the case amid the uncertainties clouding the present market cycle.

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As we approach Q2 of 2024 marijuana stock investors are keeping a strong focus on the future. With the level of legal and regulatory uncertainty, the cannabis industry has continued to grow. There have been many ups and downs and hurdles to get past in order to get where the sector is today. At this time there are not many states left in the USA that have not legalized cannabis in some way. The politics and business of cannabis are becoming more embraced and seen as a legitimate industry.

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As the cannabis industry evolves, its economic contributions could climb dramatically, offering ample growth opportunities for underappreciated cannabis stocks. Cannabis stocks have skyrocketed on the U.S. Department of Justice's plan to reschedule marijuana as a less risky Schedule III drug.

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One of the hottest topics of the year has been cannabis stocks to buy, especially with elections nearing. We can see that with more than 88% of Americans wanting to see legalization.

News for Innovative Industrial Properties Stock (IIPR)