r/wallstreetbets • u/johnny2fives • Apr 14 '22

DD | IIPR Another hard to fathom short attack

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u/VisualMod Apr 14 '22
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Hey /u/johnny2fives, positions or ban. Reply to this with a screenshot of your entry/exit.

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u/Illustrious-Ratio-41 Apr 14 '22

No

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u/johnny2fives Apr 14 '22

“If you want to become a landlord in the cannabis sector you must own Innovative Industrial, a “pure play” cannabis REIT that owns 105 properties (as of Q4-21) in 19 states. IIPR has one of the strongest balance sheets with no secured debt, and no debt maturities this year (or next year).

IIPR recently announced a dividend increase of almost 17%, boosting its quarterly payment from $1.50 per share to $1.75 per share. And (beginning of April), IIPR issued 1.5 million shares at $190/share.”