Where Will Innovative Industrial Properties Be in 5 Years?
The last few years have been a mixed bag for investors in the nascent marijuana industry. The investor euphoria of 2017 and 2018 was followed by a crash in 2019 as expected profits didn't materialize.
2020 has been a different story. Profits are still a rarity in the industry, but companies in some segments -- particularly the multistate operators in the U.S. -- are generating healthy sales growth that could turn into positive earnings in 2021.
One company that's already well in the green and growing rapidly is Innovative Investment Properties (NYSE: IIPR), the only real estate investment trust (REIT) that specializes in leasing properties to those rapidly growing cannabis operators. IIP stock rose 151% in 2020. Is that kind of performance sustainable?
Source Fool.com
