Innovative Industrial Properties: Fair Price, No Signs Of Recreating Its Past

Summary:

  • Innovative Industrial Properties offers exposure to the cannabis industry through rent, allowing investors to generate income.
  • Despite its brief history, IIP has seen significant growth but has slowed down in recent years.
  • IIP primarily builds its portfolio through sale-leaseback transactions, with long-dated, triple-net leases.
  • Yet, there is a history of selling shares at meager prices, hurting long-term returns.

Cannabis plant growing In Savings Coins stack on the soil.Marijuana growing business concept. Finance And investment growing up and saving concept. Healthcare/Medical Growing Concept

AUNG MYO HTWE/iStock via Getty Images

Innovative Industrial Properties (NYSE:IIPR) (“IIP”) represents an interesting way to seek exposure to the cannabis industry: through rent. As a REIT, IIP allows investors a chance to generate income from such exposure, as many of the cannabis producers


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