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Innovative Industrial Properties remains a Buy after 78% drop, backed by solid earnings and strong dividends.

Company Fundamentals
07 May 2026
Seeking Alpha
View Source
Bullish
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Innovative Industrial Properties, Inc. (IIPR) has seen its stock price drop about 78% since 2022 but remains a Buy due to its solid recent earnings and attractive valuation. The company’s triple-net lease model and 110-property portfolio with a 12.4-year weighted average lease term provide steady cash flow and operational stability. IIPR offers a 7% compound annual growth rate in adjusted funds from operations per share and 9% annual dividend growth, appealing to income-focused investors. Regulatory changes in the cannabis sector and ongoing growth prospects position IIPR for potential double-digit total returns and improved economics for its operators.

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