Why Innovative Industrial Properties Stock Tumbled by Nearly 34% in 2024
Innovative Industrial Properties(IIPR) The Motley Fool·2025-01-14 18:23
For much of 2024, Innovative Industrial Properties (IIPR 2.52%) was atypical for a marijuana stock in that its share price generally rose. Two news items that hit headlines toward the end of the year, however, reversed that trend, and the pot real estate investment trust (REIT) ended up closing the year with an annual stock price decline of almost 34%.A Fall full of fallsThe first of the downbeat developments -- at least from Innovative's standpoint -- occurred on Election Day. All three recreational cannab ...