2 Passive Income Stocks That Have Monster Potential
Economic concerns have led the S&P 500 index 13% lower year to date. And since the stock market is actually a market of stocks, some stocks have done much better and some have fared much worse.
Down 61% and 31% so far this year, respectively, the marijuana real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR) and warehouse REIT STAG Industrial (NYSE: STAG) fit into the latter category. There's no guarantee that these stocks won't fall further in the near term. But over the long run, they should have nowhere to go but up. Here's why.
Because marijuana is still illegal at a federal level, sources of capital are limited for state-licensed cannabis operators. Innovative Industrial Properties has been able to capitalize on this opportunity with its first-mover advantage. This has allowed the REIT to build a real estate portfolio of 111 properties in 19 states valued at $2.4 billion as of June 30, making it the largest financer for cannabis companies.
Source Fool.com
