Why Shares of Innovative Industrial Properties Sank This Week [Yahoo! Finance]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Yahoo! Finance
Cannabis REIT Innovative Industrial Properties (NYSE: IIPR) announced more than one default earlier this week, and the market reacted by energetically selling out of the company's stock. According to data compiled by S&P Global Market Intelligence , it was down by almost 18% week to date on Friday before market open. Following market close last Friday -- typically considered to be an optimum time to release discouraging news -- Innovative made its announcement. Three tenants were in default, specifically the privately held companies 4Front Ventures, Gold Flora, and Tilt Holdings. Collectively, the three companies comprised just under 11% of Innovative's contractual rent as of the end of 2024. This isn't the first recent notice of default. Last December, tenant PharmaCann defaulted on 6 of the 11 properties it leased from Innovative. This technically meant a default on all 11 due to cross-default provisions in its contract. To the great relief of investors, this situation was reso
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News
- Trump Orders Federal Action to Accelerate Cannabis Research Access [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Innovative Industrial Properties (NYSE:IIPR) had its "hold (c-)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Innovative Industrial Properties declares $1.90 dividend [Seeking Alpha]Seeking Alpha
- Innovative Industrial Properties Declares Fourth Quarter 2025 DividendsBusiness Wire
- Piper Sandler Lifts Price Target on IIPR as Company Invests in Life Science Developer IQHQ [Yahoo! Finance]Yahoo! Finance
IIPR
Earnings
- 11/3/25 - Beat
IIPR
Sec Filings
- 11/25/25 - Form 4
- 11/20/25 - Form 4
- 11/20/25 - Form 4
- IIPR's page on the SEC website