IIPR’s share price is $57.32 with a trailing P/E of 14.79
Innovative Industrial Properties, Inc.’s share was trading at $57.32 as of June 1st.
The company has established a strong competitive position by financing operators while acquiring mission-critical cultivation and processing facilities.
IIPR’s properties benefit from significant barriers to entry, as cultivation facilities require specialized systems, while licenses are often tied to specific locations, creating highly sticky tenant relationships.