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IIPR

52.29000 USD
1.7
3.15%
Last update Jul 17, 3:59 PM EDT
Market closed
Day range
51.90000
54.26000
Previous close
53.99000
Open
53.80000
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Innovative Industrial Properties Inc.
52.29
1.70
3.15%

Overview

Description

Innovative Industrial Properties Inc. is a real estate investment trust (REIT) focusing on the acquisition, ownership, and management of specialized industrial properties. Its primary function is to support the regulated cannabis industry by leasing properties that are intended for the cultivation and processing of cannabis. Catering specifically to licensed operators, Innovative Industrial Properties Inc. aids in providing real estate solutions for businesses involved in the medical-use cannabis sector. This company plays a crucial role in the emerging cannabis market by enabling operators to access capital for operational purposes through sale-leaseback transactions. Given the increasing legalization of cannabis in the United States, the firm's position as a REIT targeting the cannabis industry places it at the forefront of a rapidly growing and evolving market. By combining real estate expertise with industry-specific knowledge, Innovative Industrial Properties Inc. contributes significantly to the infrastructure needed for the legal cannabis industry's expansion.

About

CEO
Mr. Paul E. Smithers
Employees
21
Address
1389 Center Drive
Suite 200
Park City, 84098-7660, UT
United States
Phone
858 997 3332
Website
Instrument type
REIT
Sector
Real Estate
Industry
REIT - Industrial
Country
United States
MIC code
XNYS
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Trading Hours (Monday - Friday):

Pre-market
04:00 - 09:30
Main market
09:30 - 16:00
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16:00 - 20:00
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