Debra BorchardtApril 3, 2025
Alliance Global Partners lowered its price target to $55 from $70 as the company tries to clean house.
Tag: REIT
Debra BorchardtApril 3, 2025Debra BorchardtNovember 6, 2024
IIP is using deposit money to pay rents for some companies.
Debra BorchardtSeptember 27, 2024
Investors had sued over IIP's problems with its troubled tenant Kings Garden.
Debra BorchardtSeptember 10, 2024
Innovative Industrial Properties leads the group by far, but that hasn't stopped the competition from growing.
John SchroyerNovember 2, 2022
Acquisitions, expansion drove the REIT's revenue growth.
StaffAugust 12, 2022There is a new cannabis Real Estate Investment Trust or REIT in the market. MJ REIT was recently formed as a partnership between Rainbow Realty Group and Arcview Capital. Rainbow Realty Group will serve as sub-manager to MJ REIT, responsible for selecting and underwriting investments, while Arcview Capital will serve as the managing broker-dealer, tasked with […]
Adam JacksonAugust 10, 2022
Cannabis REIT NewLake Capital Partners, Inc. (OCTQX: NLCP) posted positive results on Wednesday as it continues to inject capital into the cannabis real estate landscape. The real estate trust released results for the second quarter ending June 30, 2022. NewLake met expectations as it delivered total revenues of approximately $10.5 million during the period, a 59% […]
StaffJuly 8, 2022
Cannabis REIT NewLake Capital Partners, Inc. (OTCQX: NLCP) reported $50 million of investments across three properties, marking the full commitment of capital raised during the company’s initial public offering (IPO). NewLake acquired two properties from a leading publicly-traded U.S. multi-state cannabis operator (MSO) and amended its existing lease with another leading publicly-traded U.S. MSO to fund […]
StaffMay 5, 2022
After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced results for the first quarter ending March 31, 2022. The cannabis REIT delivered total revenues of approximately $64.5 million in the quarter, representing a 50% increase from the prior year’s quarter. However, it missed the Yahoo Finance Average analyst estimate for […]
Debra BorchardtFebruary 7, 2022Last week Innovative Industrial Properties, Inc. (NYSE: IIPR) announced that its operating partnership, IIP Operating Partnership, LP had launched a $300 million offering, but on Friday after the market closed, the company quietly pulled it. The company’s filing stated that it “determined not to proceed with its proposed public offering of $300 million of senior […]
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