5 Best Marijuana Stocks to Buy Right Now

3. Innovative Industrial Properties, Inc. (NYSE:IIPR)

Number of Hedge Fund Holders: 18

On March 13, 2026, Innovative Industrial Properties, Inc. (NYSE:IIPR) reported that the board announced a first-quarter dividend of $1.90 per share, representing an annualized $7.60 per share, payable on April 15 to stockholders of record on March 31. The corporation also announced a quarterly dividend of $0.5625 per share for its 9.00% Series. A preferred stock, with $1.1 billion in common stock dividends paid since its inception.

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced full-year 2025 results, achieving sales of $266.0 million and net income of $114.4 million, or $3.93 per diluted share, while producing AFFO of $205.4 million, or $7.24 per share. Executive Chairman Alan Gold stated that the firm advanced portfolio diversification and balance sheet strength by raising $146 million in debt and preferred equity, signing new leases, and establishing a $100 million revolving credit facility.

Innovative Industrial Properties, Inc. (NYSE:IIPR) is a real estate investment trust that focuses on the acquisition, ownership, and management of industrial buildings. It works in two segments: Cannabis Portfolio and Life Science Portfolio.