Innovative Industrial Properties, Inc. (IIPR) News
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Latest IIPR News From Around the Web
Below are the latest news stories about INNOVATIVE INDUSTRIAL PROPERTIES INC that investors may wish to consider to help them evaluate IIPR as an investment opportunity.
Is This Real Estate Investment Trust's 11%-Yielding Dividend in Danger After a Major Tenant Defaulted?One high-yielding stock investors might be tempted to take a chance on these days is that of real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR). The REIT's yield is up to more than 11%, which is far higher than the 1.3% the S&P 500 averages. Is this dividend stock in big trouble, and could a cut to its payout be around the corner? |
Why Innovative Industrial Properties Stock Withered by Almost 40% in DecemberSuch was the situation with marijuana real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) in the final month of 2024. Just a few days before Christmas, Innovative's tenant PharmaCann defaulted on its latest rent payments for six of the 11 properties it leases from the REIT. By the standards of the relatively small and splintered marijuana sector, PharmaCann is a major player. |
Compass Point says Innovative Industrial needs ‘creativity’ after tenant defaultCompass Point analyst Merrill Ross, who previously downgraded Innovative Industrial Properties (IIPR) to Neutral from Buy with a price target of $78 on December 20 after the company reported a default by PharmaCann on all leases, explains that the order of magnitude of the cross-default triggered the firm’s rating downgrade and price target cut as at the time the firm did not know if PharmaCann was “on the brink, or if this was an isolated event.” The firm now thinks this default was a negotiati |
Why Innovative Industrial Properties Stock Plunged TodayShares of Innovative Industrial Properties (NYSE: IIPR), the country's leading cannabis real estate investment trust (REIT), were taking a dive today after it announced that PharmaCann, one of its biggest tenants, was defaulting on all 11 of its leases. This morning, IIP said that PharmaCann, the nation's largest privately held and vertically integrated cannabis company, defaulted on its rent obligation in six of its 11 leases. PharmaCann did pay rent for its remaining five leases, which total $90,000 for December, but because of cross-default provisions in the leases, PharmaCann also defaulted on the leases whose rent it had paid. |
Innovative Industrial Properties Reports Default by PharmaCann on All LeasesSAN DIEGO, December 20, 2024--Innovative Industrial Properties, Inc. (IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its affiliates (collectively, PharmaCann) as tenants for eleven properties that IIP owns, which represented 17% of IIP’s total rental revenues for the three and nine months ended September 30, 2024. |
Seeking Up to 15% Dividend Yield? Analysts Say These 2 Dividend Stocks Look AttractiveStock investing ultimately revolves around generating returns. Achieving this goal requires building a strategically curated portfolio focused on value creation. While growth stocks often take center stage, incorporating high-yield dividend stocks can provide stability and bolster overall performance. Reliable dividends ensure a regular income stream, and high yields can beat the prevailing interest rates. While dividend stocks are usually considered a defensive stance, the best of these income- |
Innovative Industrial Properties Declares Fourth Quarter 2024 DividendsSAN DIEGO, December 13, 2024--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. |
Why Is Innovative Industrial Properties, Inc. (IIPR) Among the Best REIT Dividend Stocks to Buy for 2024?We recently compiled a list of the 12 Best REIT Dividend Stocks To Buy for 2024. In this article, we are going to take a look at where Innovative Industrial Properties, Inc. (NYSE:IIPR) stands against the other REIT dividend stocks. In the United States, real estate investment trusts (REITs) play a significant role in the real […] |
Why Innovative Industrial Properties (IIPR) Is One of the Most Undervalued Pot Stocks to Buy?We recently published a list of 8 Most Undervalued Pot Stocks to Buy According to Analysts. In this article, we are going to take a look at where Innovative Industrial Properties, Inc. (NYSE:IIPR) stands against other most undervalued pot stocks to buy according to analysts. A decade ago, the cannabis industry was in full swing […] |
The Smartest Dividend Stocks to Buy With $3,000 Right NowAs the stock market has moved higher, one victim has been dividend yields. With the average payout for the S&P 500 down to just 1.25%, such stocks have lost a bit of appeal at a time when investors can earn a guaranteed return of around 5% in some certificates of deposit. Admittedly, AT&T's (NYSE: T) recent dividend history may make its stock a strange choice at first glance. |