Innovative Industrial Properties Inc Stock News

U.S. equity markets rebounded after their worst week since November, while interest rates swelled to fresh seven-month highs as investors parsed data showing relatively strong retail and travel demand trends. Recovering from a slide of over 2% last week, the S&P 500 advanced 0.7%, lifting its year-to-date gains to over 26%. The Nasdaq 100 extended its 2024 gains to 28%. Real estate equities und...

I visualize my portfolio as a galley ship with rowers (steady compounders) and sails (high-yielding securities) for balanced growth and income. In 2025, my goal is to refocus on rowers to enhance dividend growth, using Schwab US Dividend Equity ETF (SCHD) as a primary vehicle. I've sold high-risk stocks and reinvested in higher-yielding, safer options, but my portfolio is now too weighted towar...

Plymouth Industrial REIT, Inc. is a strong industrial REIT with a durable business model, trading at a discounted AFFO multiple and well below NAV. Innovative Industrial Properties, Inc. faces significant tenant difficulties, with high rent per foot and risky tenant investment strategy leading to potential long-term vacancies or reduced rents. PLYM's tenant defaults are minor and have led to hi...

IIPR has dropped nearly 50%, creating a compelling opportunity with a 10.8% dividend yield. Defaulting on 16.5% of ABR, but high-growth states like New York offer quick re-leasing potential. Trading at 8x P/AFFO, significantly below historical levels, making IIPR an attractive play for value investors.

Innovative Industrial Properties tanked as news of default by its largest tenant hit. The stock now yields 11% and the preferred shares yield over 9%. We look at the safety of these two and also the safest place in the capital stack.

IIPR's valuation has dropped significantly, making it an attractive buy at $70/share, with a conservative target of $120/share by 2026E. Despite risks like potential dividend cuts and rental collection issues, the current undervaluation presents a compelling investment opportunity. IIPR's unique position as a cannabis REIT and its ability to provide capital to cannabis companies are key strengths.

SAN DIEGO, Dec. 23, 2024 (GLOBE NEWSWIRE) -- DiCello Levitt LLP announces that it is investigating whether Innovative Industrial Properties, Inc. (“Innovative” or the “Company”) (NYSE: IIPR) violated the federal securities laws, issued false and/or misleading statements, and/or failed to disclose information required to be disclosed to investors.

U.S. equity markets tumbled this week while benchmark interest rates jumped to six-month highs after the Fed cut rates for a third-straight meeting but indicated a less-dovish outlook for 2025. Reflecting concern over stubbornly sticky inflation and buoyant economic growth, the FOMC's updated Economic Projections indicate just two rate cuts in 2025, down from four in the prior forecast. Posting...