Added to YB: 2026-01-29
Pitch date: 2026-01-27
IIPR-PA [bullish]
Innovative Industrial Properties, Inc.
+20.7%
current return
Author Info
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Company Info
Innovative Industrial Properties, Inc. is an internally managed real estate investment trust focused on the acquisition, ownership and management of specialized industrial properties and financial investments in the life science industry.
Market Cap
$1.4B
Pitch Price
$44.08
Price Target
N/A
Dividend
14.85%
EV/EBITDA
9.60
P/E
11.57
EV/Sales
7.38
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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