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The Fast Growing Cannabis Property REIT That Yields 7%

Innovative Industrial Properties, Inc. (IIPR) is a REIT specializing in acquiring, possessing, and operating specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The company was established in 2016 and is headquartered in San Diego, California.

IIPR earns money by leasing properties to customers and collecting rent. As a REIT, the corporation must pay out at least 90% of its taxable revenue in dividends to shareholders. Since it went public in 2016, IIPR has continuously paid dividends, and its dividend yield has risen over time.

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