Marijuana Company Earnings Preview: Innovative Industrial Properties
Innovative Industrial Properties (NYSE: IIPR), a cannabis industry-focused real estate investment trust (REIT), is slated to report its second-quarter 2019 results after the market closes on Wednesday, Aug. 7.
Shares of the San Diego-based company have returned a whopping 127% in 2019 through Aug. 1, so it has a lot to prove when it reports. For context, so far this year, the S&P 500 has returned 19.2%, while shares of Canopy Growth, Aurora Cannabis, and Cronos -- the three largest Canadian marijuana growers by market cap -- are up 16%, 17.9%, and 22.5%, respectively.
Here's what to watch and expect in IIP's report.
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