Innovative Industrial Properties Inc vs Global X Defense Tech ETF — how do they compare? Innovative Industrial Properties Inc trades at $63.53 (market cap $1.87B), while Global X Defense Tech ETF trades at $60.14. The key difference: Innovative Industrial Properties Inc pays a 11.81% dividend while Global X Defense Tech ETF pays none, and Innovative Industrial Properties Inc is trading nearer its 52-week high, Global X Defense Tech ETF nearer its low. Which is the better fit depends on your goals.
| IIPR | SHLD | |
|---|---|---|
Market Cap | $1.87B | — |
Sector | Real Estate | Sector/Thematic |
52-Week High | $64.67 | $78.02 |
52-Week Low | $44.58 | $58.20 |
Enterprise Value | $2.25B | — |
Dividend Yield | 11.81% | — |
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 →SHLD tracks the Global X Defense Tech Index, targeting companies that lead the technological transformation of the defense sector. It focuses on pure-play innovators in cybersecurity, artificial intelligence, robotics, and advanced military systems, excluding traditional commercial aerospace to maintain a high level of thematic purity.
Read more on SHLD →