If You'd Invested $5,000 in Innovative Industrial Properties Stock in 2018, Here's How Much You'd Have Today
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Innovative Industrial Properties (NYSE: IIPR) is a standout among marijuana stocks. Unlike a great many other publicly traded companies in the weed industry, the cannabis-focused real estate investment trust's (REIT) shares have actually appreciated in price over the years. In fact, they've grown considerably since the company's December 2016 IPO, and are still well into positive territory despite a recent setback.How has Innovative managed to buck the trend?Let's get the headline math question out of the way first. A $5,000 investment in Innovative Industrial Properties on its first day of trading would have more than tripled in value to about $17,500 at present. And that's before factoring in the regular payouts that it is obliged as a REIT to distribute. With dividends reinvested, that $5,000 would have grown into a position worth about $26,100. Continue readingWeiter zum vollständigen Artikel bei MotleyFool
Ausgewählte Hebelprodukte auf Innovative Industrial Properties
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Quelle: MotleyFool
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