Why Innovative Industrial Properties Stock Withered by Almost 40% in December
Innovative Industrial Properties(IIPR) The Motley Fool·2025-01-07 17:43
For any person or company that makes coin by renting property, a tenant default is the situation nightmares are made of. That's only compounded if the landlord in question manages multiple properties and a tenant defaults on more than one of them.Such was the situation with marijuana real estate investment trust (REIT) Innovative Industrial Properties (IIPR -0.95%) in the final month of 2024. And not only did it suffer a damaging default event, but an analyst tracking its stock also downgraded his recommend ...