Innovative Industrial Properties in 3 Charts
Proclaiming itself as the "leading provider of real estate capital for the medical-use cannabis industry," Innovative Industrial Properties (NYSE: IIPR) is in a league of its own. To be fair, it is the sole pure-play real estate investment trust (REIT) in the marijuana industry.
Tracing its roots to December 2016, when it made its first acquisition, PharmaCann's New York facility, Innovative Industrial Properties may draw the attention of investors who recognize the tremendous growth opportunity in the marijuana industry. Dividend-minded investors may also be drawn to Innovative Industrial Properties since the company -- in accordance with its status as a REIT -- is required to distribute at least 90% of its taxable income to shareholders.
While this brief background on the company is valuable, it hardly provides any great insight, so let's take a look at several charts that will help to familiarize you with this leader in the marijuana industry.
Source Fool.com
