Investors are turning to Real Estate Investment Trusts (REITs) for portfolio diversification, particularly in times of inflation and uncertain market conditions. Innovative Industrial Properties stands out, boasting a remarkable 270% stock increase since its 2016 IPO, despite industry challenges leading to tenant defaults. Nonetheless, it offers an attractive 11.1% dividend yield. Analysts have high expectations for this REIT as it specializes in properties leased to cannabis operators, owning 108 properties across 19 states, which positions it favorably in a fluctuating market environment.
Innovative Industrial Properties has seen its stock price increase over 270% since its IPO in 2016, with a current dividend yield of 11.1%.
The company specializes in acquiring and managing properties leased to cannabis operators, facing challenges like tenant defaults and declining fees amid industry uncertainty.
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