Innovative Industrial Properties Inc vs Royal Bank of Canada — how do they compare? Innovative Industrial Properties Inc trades at $58 (market cap $1.67B), while Royal Bank of Canada trades at $210.83 (market cap $292.32B). The key difference: Royal Bank of Canada is far larger — about 175× Innovative Industrial Properties Inc's market cap, and Innovative Industrial Properties Inc pays the higher dividend (13.18%). Which is the better fit depends on your goals.
| IIPR | RY | |
|---|---|---|
Market Cap | $1.67B | $292.32B |
Sector | Real Estate | Financials |
52-Week High | $64.67 | $217.87 |
52-Week Low | $44.58 | $134.80 |
Enterprise Value | $2.21B | — |
Dividend Yield | 13.18% | 2.37% |
Trailing returns across standard periods
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 →Royal Bank of Canada is one of the two largest banks in Canada. It is a diversified financial services company, offering personal and commercial banking, wealth-management services, insurance, corporate banking, and capital markets services. The bank is concentrated in Canada, with additional operations in the U.S. and other countries.
Read more on RY →