|Bid||0.00 x 1200|
|Ask||0.00 x 1200|
|Day's Range||90.99 - 96.66|
|52 Week Range||87.47 - 288.02|
|Beta (5Y Monthly)||1.64|
|PE Ratio (TTM)||18.14|
|Earnings Date||Nov 01, 2022 - Nov 07, 2022|
|Forward Dividend & Yield||7.20 (7.39%)|
|Ex-Dividend Date||Sept 29, 2022|
|1y Target Est||161.83|
Innovative Industrial Properties (NYSE: IIPR) is the first publicly traded company on the New York Stock Exchange to provide capital to cannabis companies through leasebacks. Operating as a real estate investment trust (REIT), it provides capital to companies that usually can't get traditional financing because of federal laws regarding cannabis.
These supercharged income stocks, with yields ranging from 8% to 9.3%, are ripe for the picking by opportunistic investors.
Few industries can match the long-term growth catalysts of the cannabis industry. And these two companies are the most established landlords in the industry.