Innovative Industrial Properties Faces More Tenant Defaults: Is the Stock in Trouble?

Cannabis real estate investment trust (REIT) Innovative Industrial Properties (IIPR -2.94%) has had a wild year. Like most other stocks in today's bear market, pessimism surrounding the economy and the likelihood of a recession have pushed shares down notably.
Things only got worse for the company when a class action lawsuit was filed against Innovative Industrial Properties…

This story appeared on, 2023-01-25.
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