Innovative Industrial Properties Continues to Outperform with Q3 AFFO

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IIPR Stock Fair Value – Innovative Industrial Properties ($NYSE:IIPR), Inc. is a real estate investment trust that specializes in the ownership, acquisition and management of specialized industrial properties leased to state-licensed tenants that engage in the cultivation and processing of cannabis. 97 per diluted share, which includes $0. This beats the consensus AFFO estimate of $1.

08. 5 years. The company’s strong balance sheet, conservative underwriting standards and diversified tenant base have helped it weather the storm and emerge as one of the strongest players in the cannabis real estate sector.

Stock Price

“During the quarter, we continued to execute on our business plan and made significant progress on a number of fronts.”

VI Analysis – IIPR Stock Fair Value

Innovative Industrial Properties is a real estate investment trust focused on the medical-use cannabis industry. The company’s business model is to acquire, own, and operate industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. The company’s stock is currently trading at $106.3, which is undervalued by 41% according to the VI Line. This is based on the company’s intrinsic value of $179.9, which reflects its long-term potential.

IIPR’s fundamentals reflect its long-term potential and make it a attractive investment opportunity. The company has a strong business model, a diversified portfolio of properties, and a growing demand for medical-use cannabis.

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The company’s competitors include Realty Income Corp, Prologis Inc, and Crown Castle International Corp.

– Realty Income Corp ($NYSE:O)

Realty Income Corporation is a real estate investment trust that focuses on the ownership of net-leased commercial properties in the United States. As of December 31, 2020, the Company owned 6,573 properties across 49 states and Puerto Rico. The Company’s leased properties are primarily leased to retail (70.3%), industrial (12.8%), healthcare (9.4%), and other commercial tenants (7.5%).

– Prologis Inc ($NYSE:PLD)

Prologis Inc is a leading global provider of logistics real estate with a focus on the industrial sector. As of 2022, the company has a market cap of 100.2 billion. Prologis owns and operates approximately 585 million square feet of industrial space in 19 countries. The company’s properties are located in key markets around the world, including North America, Europe, Asia and Latin America. Prologis’ focus on the industrial sector provides its customers with access to a wide range of logistics solutions, including warehouses, distribution centers, last-mile facilities and transshipment hubs.

– Crown Castle International Corp ($NYSE:CCI)

Crown Castle International Corp is a holding company that provides wireless infrastructure services in the United States. Its primary business is owning, operating, and leasing wireless communications towers and small cell nodes. As of 2021, the company had approximately 40,000 wireless communications towers and approximately 60,000 small cell nodes across the United States. The company was founded in 1994 and is headquartered in Canonsburg, Pennsylvania.

Summary

Innovative Industrial Properties, Inc. is a real estate investment trust that specializes in the ownership, acquisition, and leasing of industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties is an attractive investment for those looking to gain exposure to the growing medical-use cannabis industry. The company has a diversified portfolio of properties leased to state-licensed operators, and has a strong track record of delivering shareholder value through its disciplined acquisition and leasing strategy.