So IIPR released their earnings today and they're lower than expected. However business is still booming. They've seen massive growth in revenue and profits and that's set to continue.
Full earnings report for Q4 2020 can be found here: http://investors.innovativeindustrialproperties.com/press-releases/2021/02-24-2021-211642895
A couple of articles below explaining things better than I can, however in a nutshell there has been a lot of fear around potential legalisation because people have assumed it would hurt IIPR's business. Although I think legalisation is still some time away, I would welcome it as an IIPR investor as I think it will afford them as many new opportunities as any other cannabis related business if not even more. Their current leases have an average of over 16 years left to run, so their revenue and profits can only go up. Shares went up to $220+ before earnings and took a tumble in the post market before rallying again. Personally I think any dips now are a great opportunity to get in on this long term investment. Oh and i haven't even mentioned the tasty dividend! https://seekingalpha.com/article/4406619-this-is-how-legalization-will-affect-innovative-industrial-surprising-conclusion
https://www.fool.com/investing/2021/02/18/will-innovative-industrial-properties-thrive-or-di/
Submitted February 24, 2021 at 06:55PM by TheDocmoose https://ift.tt/37N3Mq6
