Innovative Industrial Properties, Inc. (IIPR)
Innovative Industrial Properties, Inc. operates in the REIT - Industrial industry of the Real Estate sector, headquartered in San Diego, CA, US. The stock last traded at $56.66, up 3.02% on the session, giving a market capitalisation of $1.56B. On trailing twelve-month figures it carries a trailing P/E of 12.56, a net margin of 53.2%. Its beta of 1.38 implies it has historically moved more than the broad market.
Innovative Industrial Properties, Inc. is an independently managed, Maryland-based corporation primarily focused on acquiring, owning, and overseeing unique real estate assets. These properties are subsequently leased to experienced, state-licensed operators who utilize them for their regulated medical cannabis facilities. For tax purposes, the company adopted the structure of a Real Estate Investment Trust (REIT) starting from the end of 2017.
Innovative Industrial Properties, Inc. is most often compared with the following Real Estate names: