1 Growth Stock to Buy and Hold in a Market Downturn
Innovative Industrial Properties (NYSE: IIPR) might have found the key to driving gains in a market downturn. The real estate investment trust leases property to cannabis growers, avoiding direct involvement in that industry. Due to that approach and the recession-proof nature of its client's business, its expanding operations and rising dividend could continue to drive returns regardless of what happens to the overall market.
The focus on properties rather than products provides Innovative Industrial Properties (IIP) with many advantages. For one, it insulates the company from the ups and downs of the cannabis market. As a landlord, it receives steady cash flow every month to earn a profit.
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Source Fool.com