
IIPR Stock Forecast & Price Target
IIPR Analyst Ratings
Bulls say
Innovative Ind Props is projected to see a boost in earnings thanks to better pricing on the LOC used to fund its IQHQ investment, and its recent initiatives to crackdown on illicit sales in retail locations highlight its potential for growth. However, potential overcapacity issues in both the cannabis and life science sectors and concerns over its investment in IQHQ raise downside risk concerns. While management's goal is to fill the earnings gap and deliver solid returns, any delays or additional capital needed for IQHQ could impact its success.
Bears say
Innovative Ind Props is facing residual issues from a steady stream of tenant defaults, which will likely continue to drive up legal costs, as seen with the recently opened SEC investigation. New supply for the company is unlikely as seen through the low second generation TI's and the tough-to-pencil development of new facilities for state-licensed operators, driving tenants to existing space and limiting potential for growth.
This aggregate rating is based on analysts' research of Innovative Industrial Properties and is not a guaranteed prediction by Public.com or investment advice.
IIPR Analyst Forecast & Price Prediction
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