Added to YB: 2026-01-29
Pitch date: 2026-01-27
IIPR-PA [bullish]
Innovative Industrial Properties, Inc.
-5.23%
current return
Author Info
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Company Info
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate.
Market Cap
$1.3B
Pitch Price
$48.92
Price Target
N/A
Dividend
16.55%
EV/EBITDA
7.67
P/E
10.84
EV/Sales
5.92
Sector
Industrial REITs
Category
dividend
The Safest 10% Yielding REIT - Innovative Industrial Properties, Inc.
IIPR-PA (added to position): Cannabis REIT preferred at $23 near historic lows, 9.8% yield w/ 10% upside to par. Only 13% LTV, 50x AFFO coverage vs peers' much lower coverage despite higher yield. Rents could halve & still maintain above-avg coverage. Insiders bought $250k recently.
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