Is It Too Late to Buy Innovative Industrial Properties?
Innovative Industrial Properties (NYSE: IIPR) is one of the most talked-about real estate investment trusts (REITs) in the stock market today -- for good reason. The company, which specializes in leasing and ownership of industrial properties for the use of medical marijuana, has outperformed the S&P 500 annually by 57% over the past three years while providing investors with an annualized return of 78%. If you invested $10,000 in the company in 2018, your money would be worth more than $51,000 today.
Data by YCharts.
With results like that, it's no surprise investors have flocked to IIPR, pushing its share price up 418% in three years. While some investors may worry they missed the boat when it comes to investing in Innovative Industrial Properties, here's why I think there's still time to add this growing REIT to your portfolio.
Source Fool.com
