Innovative Industrial Properties Inc vs State Street Real Estate Select Sector SPDR ETF — how do they compare? Innovative Industrial Properties Inc trades at $58.29 (market cap $1.67B), while State Street Real Estate Select Sector SPDR ETF trades at $45.16. The key difference: Innovative Industrial Properties Inc pays a 13.17% dividend while State Street Real Estate Select Sector SPDR ETF pays none, and State Street Real Estate Select Sector SPDR ETF is trading nearer its 52-week high, Innovative Industrial Properties Inc nearer its low. Which is the better fit depends on your goals.
| IIPR | XLRE | |
|---|---|---|
Market Cap | $1.67B | — |
Sector | Real Estate | Sector/Thematic |
52-Week High | $64.67 | $46.01 |
52-Week Low | $44.58 | $40.01 |
Enterprise Value | $2.21B | — |
Dividend Yield | 13.17% | — |
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 →XLRE tracks the Real Estate Select Sector Index, providing exposure to S&P 500 real estate companies. It focuses on equity REITs across residential, industrial, and healthcare sub-sectors, with top holdings like Welltower, Prologis, and American Tower.
Read more on XLRE →