Innovative Industrial Properties (NYSE: IIPR) lives up to its name. The company is an innovative real estate investment trust, or REIT, that leases its 108 real estate assets to 30 cannabis operators in 19 states. REITs are known for paying sizable dividends, and Innovative Industrial Properties' 7% annual yield makes it one of the higher-yielding REITs. Can it continue to pay such a strong dividend, or is management about to harsh investors' buzz? As you likely know by now, cash flow is one of the key factors we consider. For REITs, we use funds from operations (FFO) as our measure of cash flow. Innovative Industrial Properties' FFO has been rising for the past few years. It totaled $232 million in 2023 (up from $211 million the prior year), and I expect it to increase to around $250 million in 2024. |
没有评论:
发表评论