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Innovative Industrial Properties, Inc. (IIPR): A Bear Case Theory

We came across a bearish thesis on Innovative Industrial Properties, Inc. on Valueinvestorsclub.com by tahoe88. In this article, we will summarize the bulls’ thesis on IIPR. Innovative Industrial Properties, Inc.'s share was trading at $52.29 as of August 5th. IIPR’s trailing and forward P/E were 10.08 and 13.44, respectively according to Yahoo Finance.

Innovative Industrial Properties (IIPR) is an industrial and retail REIT focused on leasing greenhouse and industrial space to licensed cannabis operators in the U.S., with a portfolio spanning 8.3 million square feet across 19...