Innovative Industrial Properties Stock: A Millionaire Maker in the Making?
The big attraction right now with Innovative Industrial Properties (NYSE: IIPR) is likely to be its huge 10%+ dividend yield. That's a really high yield for a real estate investment trust (REIT). There are both opportunities and risks to examine here when considering whether or not this highly focused landlord is a millionaire maker in the making.Innovative Industrial Properties is an industrial REIT, which means it owns physical properties with industrial purposes and leases those assets out to tenants. That's not unusual. What makes Innovative stand out is that it is specifically focused on owning marijuana-related properties, especially grow houses. These are highly specialized industrial assets that require material additional investment.Image source: Getty Images.Continue reading
The big attraction right now with Innovative Industrial Properties (NYSE: IIPR) is likely to be its huge 10%+ dividend yield. That's a really high yield for a real estate investment trust (REIT). There are both opportunities and risks to examine here when considering whether or not this highly focused landlord is a millionaire maker in the making.
Innovative Industrial Properties is an industrial REIT, which means it owns physical properties with industrial purposes and leases those assets out to tenants. That's not unusual. What makes Innovative stand out is that it is specifically focused on owning marijuana-related properties, especially grow houses. These are highly specialized industrial assets that require material additional investment.
Image source: Getty Images.
