The struggling operator, which accounted for 17% of the IIPR's rental revenue, missed March payments for nine properties ...

Real estate investment trusts (REIT) are a favorite target of income-seeking investors, since the law requires them to ...

In a regulatory filing on Friday, Innovative Industrial Properties (IIPR), through indirect, wholly owned subsidiaries serving as landlords, ...

Innovative Industrial Properties Inc. (IIPR) is the number one real estate investment trust (REIT) specializing in ...

The tenant in question was PharmaCann, a privately held cannabis company that (as of Sept. 30) held the No. 1 spot on Innovative's list of numbers of properties rented, at 11. On top of that ...

The complaints allege that the declines were actually because of issues with a single large tenant, PharmaCann Inc. PharmaCann’s rent should have accounted for 17% of the company’s total rent ...

While the stock is about unchanged after good news about its PharmaCann default came out, I no longer hold it in my model portfolio at 420 Investor. Today, I am explaining why I no longer like IIPR.

Innovative Industrial Properties has dropped below $80 per share due to a now-resolved default by PharmaCann. The industrial cannabis REIT offers a record 10.4% dividend yield that's fully covered ...

It has dealt with declining revenue and earnings. It also announced in December that one of its largest tenants, PharmaCann, had defaulted on some of its rent obligations. PharmaCann accounted for ...

The REIT struck an advantageous deal with a troubled tenant. The tenant in question was PharmaCann, a privately held cannabis company that (as of Sept. 30) held the No. 1 spot on Innovative's list ...