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Innovative Industrial Properties Inc. is an industrial real estate company that was founded in 2016. Located in California, Innovative Industrial conducts all of its business in the US, providing clients in the country with services that include development, disposition and property management. The company specialises in providing services to tenants who belong to the cannabis industry Innovative Industrial went public in 2016, with stock valued at $20 on the first day of trading. The IPO helped Innovative Industrial raise an estimated $67 million. Using the ticker symbol IIPR, the company is listed on the New York Stock Exchange. Not limited to a specific region, Innovative Industrial owns property in several US states, concentrated primarily in the South West and North East. The states in which the company has the most significant presence are Pennsylvania and Michigan, followed closely by California, Illinois, and Massachusetts. Discuss IIPR stock with the eToro community on the platform. And don’t forget to add the stock to your watchlist.
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