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Marijuana REIT Innovative Industrial's Turbocharged Growth Continues

TheMotleyFool

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Marijuana REIT Innovative Industrial's Turbocharged Growth ContinuesPhoto, wide shot, wide-angle lens, Janitorial service, Midday, harsh overhead sunlight, directional sunlightt, photo by Ansel Adams: https://img.midjourneyapi.xyz/temp/4d4e885c-79e9-4b8f-bd91-e9721cd7c2e9.png

Innovative Industrial Properties (NYSE: IIPR), which owns and leases properties to companies involved in the legal cannabis sector, reported robust second-quarter 2019 results after the market close on Wednesday.

Shares were down 2.4% in after-hours trading on Wednesday, which we can attribute to net revenue coming in a bit lighter than some investors were likely expecting. The stock has returned a whopping 136% in 2019 through the regular trading session on Wednesday, versus the S&P 500's 16.4%.

Here's how the quarter worked out for the San Diego-based real estate investment trust (REIT) company and its investors.

Quelle Fool.com

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