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-0.00132275132275129 0 0.0165343915343915 0.0166997354497354 0.0119047619047619 0.0147156084656085 0.0158730158730159 0.00859788359788353
Stock impact report

Innovative Industrial Properties Reports Defaults by Tenants

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), a leading real estate investment trust specializing in the regulated cannabis industry, today announced a significant tenant replacement and renewal initiative aimed at enhancing the performance of its real estate portfolio and driving long-term value for shareholders. This initiative focuses on strengthening tenant credit profiles and optimizing occupancy of the Company’s properties to align with evolving market demands.As previously disclosed in the Company’s filings with the U.S. Securities and Exchange Commission, market dynamics in the regulated cannabis industry have been extremely challenging. These challenges include federal, state and local taxation burdens; ineffective enforcement policies with respect to the illicit cannabis market; declines in unit pricing for regulated cannabis products; limited access to capital; and inflation and supply chain constraints. Also, as previously discl Show less Read more
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