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🏢A REIT in the marijuana world, this is Innovative Industrial Properties, Inc.

The#1 REIT in the world of marijuana stocks: $IIPR is a unique REIT that focuses on medical cannabis properties, instead of traditional cultivation and sales.

2. Stable rental incomeDescription : The Company acquires and leases cultivation and distribution centers to cannabis operators, providing recurring revenue and efficient solutions to operators.

3. Important financial results in 2023:

- Revenue Reached $310 million, a 12% increase from 2022.

- Net profit was $164 million, up 5% from the previous year.

- Adjusted working capital were $257 million, an increase of 10% over the prior year.

4 - Extensive operating portfolio: $IIPR+2.2% has 108 properties in 19 states, with 95.8% of the portfolio leased through triple net leases, which include rent and most maintenance costs.

5. Excellent yield and dividends: The company has a yield of 7%, well above the average of stocks traded in the S&P 500 index. Its dividend has increased 300% over the past five years, indicating long-term stable performance.

A very interesting combination for me, what do you think of the company?

IIPR
$98.63 $2.13 +2.21%

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