Innovative Industrial Properties: One Of The Few REITs We're Interested In


  • Innovative Industrial Properties can be parted from the rest of the REIT space due to the Cannabis industry's value-added licensing requirements, which add to property appraisals.
  • The secular growth of its tenants isn't priced into the REIT's traded value after a more than 60% year-to-date drawdown.
  • Its high portfolio concentration with long-life leases could pay off.
  • Valuation remains subjective. However, Innovative Industrial Properties provides a stunning dividend yield at its current price.
  • We assign an indefinite buy rating to Innovative Industrial Properties with a year-end revision in mind.

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Baramee Temboonkiat

We're generally bearish on REITs. However, we've realized that many investors are eager to invest in the domain. Therefore, we looked for an asset that could be parted from the rest of the REIT arena.

After its

Data by YCharts

Cannabis Industry CAGR

Grandview Research


Innovative Industrial Properties

Investor Presentation

Innovative Industrial Properties

Investor Presentation

Innovative Industrial Properties

Dividend Distribution

Innovative Industrial Properties

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This article was written by

Cyclical Investing Made Easy

Quantitative Fund & Research Firm with a Qualitative Overlay.

Coverage: Global Equities, Fixed Income, ETFs, and REITs.

Methods: Factor Analysis, Fundamental, Valuation, Street Gossip, and Common Sense.

Our work on Seeking Alpha consists of independent research and not financial advice.

Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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