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Innovative Industrial Properties (IIPR): "Patience is a Virtue"

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Manage episode 422087685 series 2714551
Content provided by 7investing. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 7investing or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Innovative Industrial Properties is America's only publicly-traded REIT who's exclusively focused on the cannabis industries. It buys cannabis-growing facilities and then rents the spaces out to tenants through triple-net leases.

Business was booming in the zero-interest rate economy, with IIP's committed capital skyrocketing 60-fold from $30 million in 2016 to $2 billion in 2023.

But with interest rates rising and a shaky economy, growth is much slower these days.

The stock currently pays a dividend of 6.7%. That's much higher than money market funds and bonds, with the possibility of rising if the Fed cuts rates in 2024.

https://7investing.com/company-update/innovative-industrial-properties-patience-is-a-virtue/

See our current conviction rating on IIPR -- as well as all of the stocks in our universe of coverage -- by starting your 7investing membership today.

Visit 7investing.com/subscribe and use promo code "IIPR" at checkout to get your first week for absolutely free!

--- Send in a voice message: https://podcasters.spotify.com/pod/show/7investing/message
  continue reading

450 episodes

Artwork
iconShare
 
Manage episode 422087685 series 2714551
Content provided by 7investing. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by 7investing or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.

Innovative Industrial Properties is America's only publicly-traded REIT who's exclusively focused on the cannabis industries. It buys cannabis-growing facilities and then rents the spaces out to tenants through triple-net leases.

Business was booming in the zero-interest rate economy, with IIP's committed capital skyrocketing 60-fold from $30 million in 2016 to $2 billion in 2023.

But with interest rates rising and a shaky economy, growth is much slower these days.

The stock currently pays a dividend of 6.7%. That's much higher than money market funds and bonds, with the possibility of rising if the Fed cuts rates in 2024.

https://7investing.com/company-update/innovative-industrial-properties-patience-is-a-virtue/

See our current conviction rating on IIPR -- as well as all of the stocks in our universe of coverage -- by starting your 7investing membership today.

Visit 7investing.com/subscribe and use promo code "IIPR" at checkout to get your first week for absolutely free!

--- Send in a voice message: https://podcasters.spotify.com/pod/show/7investing/message
  continue reading

450 episodes

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