Why Is Innovative Industrial Properties a Must-Buy for 2022?
Despite the recent sell-off driven by a delay in marijuana reforms, 2021 has been a very fruitful year for the cannabis industry, in part because the ramp-up of state legalization boosted marijuana sales. As new states open their doors to sales, the new year should be even better.
One company that should benefit is real estate investment trust (REIT) Innovative Industrial Properties (NYSE: IIPR). Innovative Industrial allows investors an indirect entry into the sector without having to bear much of the volatility of the industry. The company provides real estate capital to cannabis companies in the U.S. and in return earns rental income. Thanks to this business model, it has been performing outstandingly well for the past few years, and its recent Q3 results are proof of why it is a must-buy and hold for the long term.
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Source Fool.com
