Innovative Industrial Properties, Inc. Common Stock (IIPR)
Frequently Asked Questions About Innovative Industrial Properties, Inc. Common Stock (IIPR)
Does Innovative Industrial Properties, Inc. pay dividends?
Yes, Innovative Industrial Properties, Inc. pays dividends to its shareholders. As a REIT, the company is required to distribute most of its taxable income as dividends. IIPR has a history of paying regular dividends, which is appealing for income-focused investors.
Has Innovative Industrial Properties, Inc. received any awards or recognition?
Innovative Industrial Properties, Inc. has received various accolades for its unique business model and its role within the cannabis industry. Recognitions may include listings on industry-specific indices, highlighting its status as a leading player in cannabis-focused real estate investment.
How can I invest in Innovative Industrial Properties, Inc.?
Investing in Innovative Industrial Properties, Inc. can be done through various brokerage accounts that trade on the New York Stock Exchange under the ticker symbol IIPR. Investors can buy shares directly, and potential shareholders should research and consider their investment strategies before purchasing.
How does Innovative Industrial Properties, Inc. evaluate potential acquisitions?
Innovative Industrial Properties, Inc. evaluates potential acquisitions based on several factors, including the regulatory environment, the location and quality of the property, tenant creditworthiness, lease terms, and the overall growth potential of the cannabis market in that area. Thorough due diligence is a critical part of their strategy.
How does Innovative Industrial Properties, Inc. generate revenue?
Innovative Industrial Properties, Inc. generates revenue primarily through long-term leases with tenants in the cannabis industry. The company typically enters into triple-net leases, where the tenant is responsible for property expenses such as maintenance, insurance, and property taxes, providing IIPR with a predictable revenue stream.
How many properties does Innovative Industrial Properties, Inc. own?
As of now, Innovative Industrial Properties, Inc. owns numerous properties located in multiple states across the United States. The specific number of properties can vary with new acquisitions and leasing activities; IIPR continuously works to expand its portfolio in the growing cannabis market.
Is Innovative Industrial Properties, Inc. publicly traded?
Yes, Innovative Industrial Properties, Inc. is publicly traded on the New York Stock Exchange under the ticker symbol IIPR. The company went public on December 1, 2016, and has since attracted investors looking for exposure to the regulated cannabis industry through real estate.
What are the company's growth strategies?
Innovative Industrial Properties, Inc.'s growth strategies include expanding its portfolio through targeted acquisitions of additional industrial properties in the cannabis sector, developing new facilities to meet tenant needs, and entering into long-term lease agreements with licensed operators across various states.
What are the future prospects for Innovative Industrial Properties, Inc.?
The future prospects for Innovative Industrial Properties, Inc. appear positive, driven by the continued growth and expansion of the cannabis industry. With increasing legalization and acceptance of medical cannabis, the company is well-positioned to continue acquiring properties, filling its pipeline with opportunities, and providing returns to shareholders.
What distinguishes Innovative Industrial Properties, Inc. from other REITs?
Innovative Industrial Properties, Inc. distinguishes itself from other REITs by focusing exclusively on the cannabis industry, which is a niche market with unique investment opportunities. The company's specialized knowledge of the cannabis sector and its commitment to complying with regulatory standards set it apart in a growing field.
What does Innovative Industrial Properties, Inc. do?
Innovative Industrial Properties, Inc. (IIPR) is a real estate investment trust (REIT) that specializes in the acquisition, ownership, and management of industrial properties that are leased to regulated businesses in the medical-use cannabis industry. The company provides flexible facilities for licensed operators looking to grow their cannabis operations while ensuring compliance with state laws.
What is a REIT?
A Real Estate Investment Trust (REIT) is a company that owns, operates, or finances income-generating real estate. By law, at least 90% of a REIT’s taxable income must be distributed to shareholders as dividends, making them an attractive investment option for those seeking regular income in addition to capital appreciation.
What is the significance of cannabis legalization for IIPR?
The legalization of cannabis, both for medical and recreational use, significantly benefits Innovative Industrial Properties, Inc. as it expands the market opportunities for its tenants and increases demand for specialized real estate solutions. As more states legalize cannabis, IIPR is positioned to capitalize on the growth of the industry.
What risks are associated with investing in Innovative Industrial Properties, Inc.?
Investing in Innovative Industrial Properties, Inc. involves several risks, including regulatory risks associated with the cannabis industry, fluctuations in real estate values, and the potential for tenant defaults. Additionally, as a REIT, changes in interest rates can also impact the company's performance and its ability to pay dividends to shareholders.
What states does Innovative Industrial Properties, Inc. operate in?
Innovative Industrial Properties, Inc. operates in several states where medical cannabis is legal. The company targets markets that demonstrate strong growth potential in the cannabis industry, including states like California, Colorado, Michigan, and Illinois, among others.
What type of properties does Innovative Industrial Properties, Inc. invest in?
Innovative Industrial Properties, Inc. primarily invests in industrial properties that are utilized for the cultivation, processing, and distribution of cannabis products. This includes warehouses, greenhouses, and other facilities designed to meet the stringent regulatory requirements of the cannabis industry.
When was Innovative Industrial Properties, Inc. founded?
Innovative Industrial Properties, Inc. was founded in 2016. The company was established to address the growing need for real estate solutions within the rapidly expanding medical cannabis sector, providing a unique investment opportunity by focusing on properties that support licensed cannabis operators.
Where is Innovative Industrial Properties, Inc. headquartered?
Innovative Industrial Properties, Inc. is headquartered in San Diego, California. The central location allows the company to maintain a strong presence in the cannabis market and easily oversee its properties distributed across various states.
Who are the key executives at Innovative Industrial Properties, Inc.?
The key executives at Innovative Industrial Properties, Inc. include President and CEO Paul Smithers, who has extensive experience in real estate and healthcare; and CFO and Treasurer, Edgardo M. DeLa Cruz. Their leadership is supported by a team specialized in real estate, finance, and operations in the cannabis sector.
What is the current price of Innovative Industrial Properties, Inc. Common Stock?
The current price of Innovative Industrial Properties, Inc. Common Stock is 53.43
When was Innovative Industrial Properties, Inc. Common Stock last traded?
The last trade of Innovative Industrial Properties, Inc. Common Stock was at 7:00 pm EDT on April 4th, 2025
What is the market capitalization of Innovative Industrial Properties, Inc. Common Stock?
The market capitalization of Innovative Industrial Properties, Inc. Common Stock is 1.51B
How many shares of Innovative Industrial Properties, Inc. Common Stock are outstanding?
Innovative Industrial Properties, Inc. Common Stock has 28.33M shares outstanding.