| Market Capitalization (Millions $) |
1,500 |
| Shares
Outstanding (Millions) |
29 |
| Employees |
58 |
| Revenues (TTM) (Millions $) |
309 |
| Net Income (TTM) (Millions $) |
162 |
| Cash Flow (TTM) (Millions $) |
5 |
| Capital Exp. (TTM) (Millions $) |
0 |
Innovative Industrial Properties Inc
Innovative Industrial Properties Inc (IIPR) is a real estate investment trust (REIT) that was founded in 2016 and is headquartered in San Diego, California. The company operates as a specialized REIT in the cannabis sector, and its primary business is to acquire and manage industrial properties used for cannabis cultivation and processing.
IIPR focuses on providing real estate capital solutions to licensed cannabis operators in the medical and recreational cannabis markets. As of December 31, 2020, the company owned 66 properties, with a total of1 million rentable square feet spread across 17 states in the United States.
The properties leased by IIPR to its clients are improved or unimproved buildings or facilities that are used for the cultivation and processing of cannabis. In most cases, the properties are fully customized to meet the specific needs of the tenant. This enables companies to focus on their core business of cultivating and processing cannabis without the added responsibility of owning and managing the real estate themselves.
The company operates on a triple-net lease model, meaning that tenants are responsible for all expenses related to the operation of the property, including maintenance, insurance, taxes, and utilities. In exchange, IIPR receives a steady stream of rental income from its tenant, which is typically structured as a long-term lease agreement.
IIPR has experienced significant growth since its inception in 2016. In 2020, the company generated revenues of $116 million, representing an increase of over 190% from the previous year. Furthermore, the company's net income in 2020 was $65 million, which was more than double the net income of $32.4 million in 2019.
Innovative Industrial Properties Inc has gained recognition as a critical player in the U.S. cannabis industry, with an estimated market capitalization of around $4 billion. The company has continued to expand its real estate footprint across the United States and has invested heavily in research and development. The company is seen as a valuable partner to cannabis operators, given its expertise in the development and acquisition of industrial properties customized for cannabis-related activities.
In conclusion, Innovative Industrial Properties Inc is a unique company offering investors an opportunity to benefit from the cannabis industry's growth while mitigating risks associated with the sector. The company's innovative business model and clear growth strategy have made it a significant player in the cannabis industry and a safe avenue for investors to gain exposure to the sector.
Company Address: 1389 Center Drive, Suite 200 Park City 84098 UT
Company Phone Number: 997-3332 Stock Exchange / Ticker: NYSE IIPR
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