Innovative Industrial Properties Inc vs Live Nation Entertainment, Inc. — how do they compare? Innovative Industrial Properties Inc trades at $63.53 (market cap $1.87B), while Live Nation Entertainment, Inc. trades at $180.98 (market cap $42.09B). The key difference: Live Nation Entertainment, Inc. is far larger — about 22.5× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays a 11.81% dividend while Live Nation Entertainment, Inc. pays none. Which is the better fit depends on your goals.
| IIPR | LYV | |
|---|---|---|
Market Cap | $1.87B | $42.09B |
Sector | Real Estate | Industrials |
52-Week High | $64.67 | $186.59 |
52-Week Low | $44.58 | $125.61 |
Enterprise Value | $2.25B | $43.59B |
Dividend Yield | 11.81% | — |
Trailing returns across standard periods
Latest headlines on both assets
Innovative Industrial Properties Inc is a real estate investment trust engaged in the acquisition, ownership, and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. It conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by Operating Partnership, directly or through subsidiaries. Its property portfolio is spread across the United States.
Read more on IIPR →Live Nation is the largest live entertainment firm in the world with over 570 million fans served in 44 countries in 2018 by the company's concert and ticketing platforms. Via either owning, operating, or holding exclusive booking rights, Live Nation controls over 235 venues including the House of Blues, the Hollywood Palladium, and Spark Arena in New Zealand. Live Nation also owns one of the largest ticketing services, Ticketmaster, which sold over 480 million tickets for over 12,000 clients in 2018. The firm's artist management agencies have over 400 clients. This large live entertainment footprint helped Live Nation become one of the largest advertising and sponsorship platforms aimed at music fans. Liberty Media owns 33% of Live Nation, held under its SiriusXM tracking stock.
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