Innovative Industrial Properties, Inc. (IIPR)


I am looking at this Reit which looks pretty fine to me. Good revenue and profit growth in recent years despite being founded only in 2016. AFFO was $175 m in 2021 on $ 205 m, net income @ 55% or $113 m. Alan Gold, the CEO, looks very smart and experienced. Only risk I see is possible insolvency from some Tenants (King Garden as example). Any comment would be appreciated.


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