Innovative Industrial Properties
About Innovative Industrial Properties
Innovative Industrial Properties is the first publicly traded REIT focused on cannabis, acquiring and leasing industrial properties to state-licensed cannabis operators through sale-leaseback transactions on the NYSE.
Key Facts
- 1First and largest publicly traded cannabis-focused REIT on the NYSE with a multi-billion dollar property portfolio
- 2Owns over 100 properties across 19 states leased to licensed cannabis operators on long-term triple-net leases
Latest News
IIPR Volume Explodes 9x Average as Cannabis REIT Sees Major Trading
Innovative Industrial Properties shares surge 3.62% to $60.38 amid extraordinary trading volume of 1.79M shares, nearly 9x the 30-day average.
IIPR Stock Analysis: Cannabis REIT Faces Headwinds Amid Industry Shift
Innovative Industrial Properties navigates tenant challenges and market volatility as cannabis real estate fundamentals evolve in maturing industry.
Frequently Asked Questions
How does IIPR's sale-leaseback model work?
IIPR buys cannabis facilities from operators and leases them back on long-term triple-net leases, providing operators with capital while IIPR earns stable rental income and dividends.
Can any cannabis company work with IIPR?
IIPR works with state-licensed operators who own qualifying industrial properties; typical transactions range from $5M to $50M+.
More Cannabis Companies in San Diego
Cannabis Laws
Products
- Sale-Leaseback Transactions
- Cannabis Property Leasing
- Capital Solutions
Specialties
Company Details
- Type
- Distributor
- Location
- San Diego, CA, United States
- Founded
- 2016
- Publicly Traded
- Yes
- Ticker
- NYSE:IIPR