Innovative Industrial Properties Inc (IIPR) 銘柄情報

IIPR, 10Q 11/6

I see lots more up swing for IIPR

Good counterpoints ; be that as it may its not like Financing for this Industry would Not be Significantly impacted if 'Safer banking'' is one day
Actually passed .

Why would MJ companies get a mortgage? Unlike a mortgage, paying rent is tax deductible. And what do you think the interest rates on these mortgages would look like? Also, are the banks going to offer the same services that IIPR provides? Like, the building out of grow facilities and handling all legality issues? Hmmm….

Thanks for that Explanation ......I was wondering .

More downside to come if SAFE banking act passes. MJ companies will just get a mortgage, instead of depending on this company to give them cash and a lease.

September 15, 2023

Q3 2023 Cash Dividend of $1.80 per Common Share Contributes to Aggregate of $7.20 per Common Share Declared in Last Twelve Months, Up $0.40, or 6%, Over Prior Twelve Months

SAN DIEGO--(BUSINESS WIRE)-- 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 third quarter 2023 dividend of $1.80 per share of common stock. The common stock dividends declared for the last twelve months of $7.20 per common share represent an increase of $0.40, or 6%, over dividends declared for the prior twelve months.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on October 13, 2023 to stockholders of record at the close of business on September 29, 2023.

Just by the trades at one share at a time in selling pressure. Not even a 1000 shares sold to bring it down by dollars. Now we just need 100 shares of buys at a time. It would hit 210 pps overnight

June 15, 2023

Q2 2023 Cash Dividend of $1.80 per Common Share Contributes to Aggregate of $7.20 per Common Share Declared in Last Twelve Months, Up $0.70, or 11%, Over Prior Twelve Months

SAN DIEGO--(BUSINESS WIRE)-- 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 second quarter 2023 dividend of $1.80 per share of common stock. The common stock dividends declared for the last twelve months of $7.20 per common share represent an increase of $0.70, or 11%, over dividends declared for the prior twelve months.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on July 14, 2023 to stockholders of record at the close of business on June 30, 2023.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

https://investors.innovativeindustrialproperties.com/press-releases/2023/06-15-2023-120056506

Well let’s be real here. It was so much better when this company restricted options trading! They have almost raised their capital to date. So this shouldn’t move like this unless some is a serious shorter. It did hit a triple top at 70. Now it just hit a 10th bottom at 66ish. Here we go buckle your seat belts for rocker launch time. 1.6 million about to buy iipr. Fact!!!
IIPR

Someone picked up 150k shares today;)

Where do you guys see the SP low at this Year ? TIA

Innovative Industrial Properties Declares Fourth Quarter 2022 Dividends
December 15, 2022

Q4 2022 Cash Dividend of $1.80 per Common Share Contributes to Aggregate of $7.10 per Common Share Declared in 2022, Up $1.38, or 24%, Over 2021

SAN DIEGO--(BUSINESS WIRE)-- 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 2022 dividend of $1.80 per share of common stock. The common stock dividends declared for the year ending December 31, 2022 of $7.10 per common share represent an increase of $1.38, or 24%, over dividends declared for the year ended December 31, 2021.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on January 13, 2023 to stockholders of record at the close of business on December 30, 2022.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.
http://investors.innovativeindustrialproperties.com/press-releases/2022/12-15-2022-120102944

We should be a lot higher.

Yessss go go go

Innovative Industrial Properties Announces Public Offering of 1,000,000 Shares of Common Stock

https://finance.yahoo.com/news/innovative-industrial-properties-announces-public-200500094.html

Innovative Industrial Properties Declares Fourth Quarter 2021 Dividends
December 15, 2021

Common Stock Dividend Equates to Annualized Dividend of $6.00 per Share

SAN DIEGO--(BUSINESS WIRE)-- 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 2021 dividend of $1.50 per share of common stock. The dividend is equivalent to an annualized dividend of $6.00 per common share.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on January 14, 2022 to stockholders of record at the close of business on December 31, 2021.

As previously disclosed, IIP’s board of directors evaluates adjustments to the level of IIP’s quarterly common stock dividend every six months, with any adjustments expected to be declared in the first quarter and third quarter of each year. However, the decision to declare and pay dividends in any quarter continues to be at the sole discretion of IIP’s board of directors.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

This press release contains statements that IIP believes to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts are forward-looking statements. When used in this press release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. IIP disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.



View source version on businesswire.com: https://www.businesswire.com/news/home/20211214006079/en/

IIPR is a good one .

Jim pumps what he picks. CCL is a great one at a very good price this week big money could be made .

after he couldn't say enough about Gro-gen for how long ? now gro is consistently tanking with rest of sector and IIPR is ''the only one '' . that dude is a joke ; anybody can see how long IIPR has been a winner.

Jim Cramer Shares His Thoughts On Innovative Industrial Properties, Nokia And More
7:48 am ET November 10, 2021 (Benzinga) Print
On CNBC’s "Mad Money Lightning Round," Jim Cramer said Poshmark, Inc. (NASDAQ: POSH) missed the quarter badly when others in that industry are doing quite well, calling it "disappointing."

Cramer said Tandem Diabetes Care, Inc. (NASDAQ: TNDM) is doing very well. He likes Tandem Diabetes Care, along with DexCom, Inc. (NASDAQ: DXCM).

The "Mad Money" host said Innovative Industrial Properties, Inc. (NYSE: IIPR) is the best cannabis play and only stock to buy in the industry.

Excellent earnings, the most under the radar stock imaginable.

Good day, gonna be a great week!

Bought my first shares in 07/17 and haven't looked back. Been a great ride with awesome dividends as icing on the cake

Gonna be killer earnings. This stock moves like a baby TSLA. Hold and ye shall be rewarded.

IIPR properties will be more profitable in the future.

Guys who are more experienced in terms of economics. I read one article about how it is now profitable for everyone to invest in real estate in Belize. After all, after the pandemic, real estate will grow in price, which means if I buy it cheaper now, I will sell it more expensive. Or is it all a hoax, and it's not worth investing money in real estate at the moment? After all, the whole world is now in an economic crisis due to the high number of cases worldwide. I would be interested to hear your opinion on this matter, guys. If anything, thank you in advance, good luck to all and good deals :)

Innovative Industrial Properties Acquires Missouri Property and Enters Into Long-Term Lease with CPC of Missouri – Smithville

https://finance.yahoo.com/news/innovative-industrial-properties-acquires-missouri-110000111.html

IIP Expands Portfolio to 75 Properties Comprising 7.0 Million Square Feet in 19 States

SAN DIEGO, September 20, 2021--(BUSINESS WIRE)--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 that it closed on the acquisition of a property in Missouri, and entered into a long-term lease with CPC of Missouri – Smithville, LLC (CPC), a subsidiary of Calyx Peak, Inc. (Calyx).

The purchase price for the property was $1.53 million (excluding transaction costs). CPC is expected to construct approximately 83,000 square feet of industrial space at the property, for which IIP has agreed to provide reimbursement of up to $26.72 million. Assuming full reimbursement for the construction, IIP’s total investment in the property is expected to be $28.25 million (excluding transaction costs). CPC intends to operate the property upon completion of construction as a licensed cannabis cultivation and processing facility.

As the pioneering real estate investment trust (REIT) for the regulated cannabis industry, IIP partners with experienced, regulated cannabis operators and serves as a source of capital by acquiring and leasing back their real estate assets, in addition to offering other creative real estate-based capital solutions.

"We are excited to announce this new long-term real estate partnership with Calyx, expanding our footprint into Missouri as our 19th state," said Paul Smithers, President and Chief Executive Officer of IIP. "Calyx has developed a strong reputation for quality, award-winning cannabis products in California, and we look forward to working closely with the Calyx team in coming months on the development of this new state-of-the-art facility in Missouri, as Calyx expands its operational platform to meet the tremendous growth in demand from patients throughout the state."

Calyx currently operates a 235,000 square foot cannabis cultivation facility in California, and expects to begin construction on a dispensary location in southern California in the near future. Calyx also has a Tier 3 cultivation license and a provisional adult-use dispensary license in Massachusetts, and expects to open a dispensary in the West Plaza neighborhood of Kansas City, Missouri later this year. Founded in 2016, Calyx is headquartered in Massachusetts and plans to be vertically integrated in three states by the end of 2022.

"We are thrilled to enter into this long-term real estate partnership with IIP for the development of this new facility in Missouri," said Erin Carachilo, CEO of Calyx, and Lee Hoffman of CPC. "While less than one year since the launch of Missouri’s medical cannabis program, we have witnessed a tremendous rate of adoption by patients and growth in sales throughout the state, and look forward to completing the development of this facility, which will be designed with next-generation systems in a highly controlled environment that will enable us to bring our premium, diversified genetics at scale to Missouri patients."

Missouri, with over six million residents, first launched medical cannabis sales in October of last year, and regulated medical-use sales have grown rapidly since then, with total sales in August 2021 alone of approximately $22 million, according to the Missouri Department of Health and Senior Services. As of August 31, 2021, there were over 177,000 patient applications and 5,800 caregiver applications in the state. Missouri’s regulations provide for numerous qualifying medical conditions for treatment with cannabis, including, among others, cancer, epilepsy, PTSD, HIV/AIDS, terminal illness, Alzheimer’s and any chronic medical condition normally treated with prescription medication that can lead to dependence. In addition, petitions for Missouri voters to approve adoption of an adult-use cannabis program are targeting the November 2022 ballot.

As of September 20, 2021, IIP owned 75 properties located in Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington, representing a total of approximately 7.0 million rentable square feet (including approximately 2.6 million rentable square feet under development/redevelopment), which were 100% leased with a weighted-average remaining lease term of approximately 16.6 years. As of September 20, 2021, IIP had committed approximately $1.8 billion across its portfolio, including capital invested to date (excluding transaction costs) and additional capital commitments to fund future construction and tenant improvements at IIP’s properties, but excluding an $18.5 million loan from IIP to a developer for construction of a regulated cannabis cultivation and processing facility in California.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

Innovative Industrial Properties Forward-Looking Statements

This press release contains statements that IIP believes to be "forward-looking statements" within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts, including, without limitation, statements regarding the development and lease of the Illinois property, Calyx and the Missouri regulated cannabis market, are forward-looking statements. When used in this press release, words such as IIP "expects," "intends," "plans," "estimates," "anticipates," "believes" or "should" or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. IIP disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20210920005118/en/

Contacts

IIP Contact:
Catherine Hastings
Chief Financial Officer
Innovative Industrial Properties, Inc.
(858) 997-3332

Innovative Industrial Properties Declares Third Quarter 2021 Dividends
September 15, 2021

7% Increase from Prior Quarter Represents Twelfth Increase in Common Stock Dividend

SAN DIEGO--(BUSINESS WIRE)-- 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 third quarter 2021 dividend of $1.50 per share of common stock, representing an approximately 7% increase over IIP’s second quarter 2021 dividend of $1.40 per share of common stock, and an approximately 28% increase over IIP’s third quarter 2020 dividend of $1.17 per share of common stock. The dividend is equivalent to an annualized dividend of $6.00 per common share, and is the twelfth dividend increase since IIP completed its initial public offering in December 2016.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on October 15, 2021 to stockholders of record at the close of business on September 30, 2021.

In addition, IIP announced today that, going forward as a general matter, its board of directors expects to evaluate adjustments to the level of IIP’s quarterly common stock dividend every six months, with any adjustments expected to be declared in the first quarter and third quarter of each year. However, the decision to declare and pay dividends in any quarter continues to be at the sole discretion of IIP’s board of directors.

http://investors.innovativeindustrialproperties.com/press-
releases/2021/09-15-2021-120019362

Yes a great pick ...

Oh, hadn't noticed that spike. My goodness....I'm in at an average cost of 43, so this is all pretty confirming. Not always this correct in the picks.

That top $242 Was nice. What's next

Yes what a stock .... up nice I had seen a 275 buy order on pre market the other day... hang on we will get it . IIPR

And nice dividends too. A win-win!

I have had this for 3 years and has been goingup all along.

Just posting old news since IIPR can't seem to get any IHub love and this week is Divy payday!!! LOL

Innovative Industrial Properties Declares Second Quarter 2021 Dividends
June 15, 2021

6% Increase from Prior Quarter Represents Eleventh Increase in Common Stock Dividend

SAN DIEGO--(BUSINESS WIRE)-- 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 second quarter 2021 dividend of $1.40 per share of common stock, representing an approximately 6% increase over IIP’s first quarter 2021 dividend of $1.32 per share of common stock, and an approximately 32% increase over IIP’s second quarter 2020 dividend of $1.06 per share of common stock. The dividend is equivalent to an annualized dividend of $5.60 per common share, and is the eleventh dividend increase since IIP completed its initial public offering in December 2016.

Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.

The dividends are payable on July 15, 2021 to stockholders of record at the close of business on June 30, 2021.

definitely long-term hold. The current PE ratio is an anomaly, check the forward PE. It is in a fine place for when the pot sector functions legally in all respects.
-p

Probably fears of the Safe Banking Act getting passed and interfering with the business model here. At least one possibility.

Ok. I am hanging on also! It Seems like it has dropped a lot. I am not sure why though. Thanks you for responding to my reply. I have been with company for 4 years now.

No. I like this long term

Is everyone else selling out?

Makes sense. Thanks for explaining. I may have to reduce some of mine also.

What I mean is that I agree with bleedpurple, meaning IIPR doesn't have any competition right now. Cannabis companies that built out too fast and got themselves top heavy with debt decided they could improve their cash situation by selling their greenhouses to IIPR and leasing them back, long term. However, that's because they weren't able to get traditional bank loans due to the Federal laws which don't allow the big banks to loan to cannabis enterprises.

But once they pass federal legislation to open up banking services to plant touching companies, the financing landscape is going to change DRAMATICALLY.

That will give companies more options for cash than just the sale/leaseback business model that's currently benefitting IIPR big time.

What do you mean

It all depends on if/when the banking bill passes. Until then IIPR is in the cat bird seat, so yes it could very likely go back to that range. Long term though, the prospects aren't as rosy in my opinion.

Do you think the price will go back up to the 200 range

Exactly. IIPR has virtually no competition right now, but that's about to change soon.

Interesting. Thanks for responding

I sold a small amount yesterday based on potential that banks can soon deal directly with businesses involved with legal mj. That would add to current IIPR competition, right?

This stock really drops fast! Does anyone know why it is so low right now. I have a ton of options right now. Thank you