Innovative Indl

IIPR NYSE
112.18
-0.51
-0.45%
Opening 09:47 08/22 EDT
Open
113.09
Prev Close
112.69
High
113.09
Low
111.06
Volume
28.42K
Avg Vol (3M)
537.51K
52 Week High
139.53
52 Week Low
37.55
% Turnover
0.25%
Market Cap
1.27B
1D
5D
1M
3M
1Y
5Y

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Company Profile

Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company's real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis.
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