Innovative Industrial Properties: The Cannabis Rescheduling Catalyst For This 6.7% Yield

(11min)

Summary

  • Innovative Industrial Properties has executed strongly, dispelling fears about troubled tenants.
  • Growth may be pressured in the near to medium term, but pending regulatory reform could improve the credit profile of its tenant roster.
  • IIPR continues to trade at a discount to traditional net lease peers and has potential for multiple expansion.
  • Looking for a portfolio of ideas like this one? Members of Best Of Breed Growth Stocks get exclusive access to our subscriber-only portfolios. Learn More »

Botanist Tagging Cannabis Plants at Industrial Growing Operation

halbergman

Innovative Industrial Properties (NYSE:IIPR) has been a big winner and I can understand the temptation to sell. The company has executed strongly over the last several years, working through issues with troubled tenants and along the way dispelling fears

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This article was written by

35.11K Followers

Julian Lin is a financial analyst. He finds undervalued companies with secular growth that appreciate over time. His approach is to look for companies with strong balance sheets and management teams in sectors with long growth runways.

Julian is the leader of the investing group Best Of Breed Growth Stocks where he only shares positions in stocks which have a large probability of delivering large alpha relative to the S&P 500. He also combines growth-oriented principles with strict valuation hurdles to add an additional layer to the conventional margin of safety. Features include: exclusive access to Julian's highest conviction picks, full stock research reports, real-time trade alerts, macro market analysis, individual industry reports, a filtered watchlist, and community chat with access to Julian 24/7. Learn more.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of IIPR, NLCP either through stock ownership, options, or other derivatives. 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.

I am long all positions in the Best of Breed Growth Stocks Portfolio.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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