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Anybody looked at the preferred stock for Innovative Industrial Properties REIT (IIPR, preferred stock IIPR.PRA)? IIPR is a REIT that went public in 2016 and, in simple terms, targeted buying properties to the lease to marijuana companies. Marijuana companies - although a good chunk of states have legalized - are still federally illegal so IIPR was able to charge a premium, on the order of 3x normal rates for industrial type space. IIPR has always been profitable and never missed …
— ORIGINAL POST ·
IIPR.PRA - Preferred stock of a marijuana REIT with a 9.5% cumulative dividend yield, low bankruptcy risk, and 5% upside if called
· r/stocks
· Jan 9, 2026