This cannabis stock has a 1-year yield better than Tesla, Nio, GM, Apple, Disney, and Microsoft


Investors who added Innovative Industrial Properties Inc (NYSE: IIPR) to your wallet a year ago are living the high life.

Since September 2020, Innovative Industrial’s 1-year stock performance has outperformed several of the world’s most popular tech, clean energy and entertainment companies: Tesla Inc (NASDAQ: TSLA), Nio Inc – ADR (NYSE: NIO), General Motors Company (NYSE: GM), Apple Inc (NASDAQ: AAPL), Walt disney co (NYSE: DIS) and Microsoft Corporation (NASDAQ: MSFT).

For the uninitiated, Innovative Industrial is a real estate investment Trust dedicated to the acquisition, ownership and management of specialized industrial properties leased to state licensed operators for their regulated medical cannabis facilities.

Innovative Industrial is primarily focused on acquiring medical cannabis facilities, including sale and leaseback transactions, with tenants who are licensed growers under long-term triple-network leases.

Here’s how the returns are broken down from September 2020 to the present:

  • Tesla has risen from $ 407.34 per share to $ 774.39 for a return of 90.11%

  • Nio has risen from $ 18.32 per share to $ 35.38 for a 93.12% return

  • GM has risen from $ 29.00 per share to $ 52.23 for a return of 80.10%

  • Apple has risen from $ 112.28 per share to $ 146.92 for a 30.85% return

  • Disney has risen from $ 124.00 per share to $ 176.00 for a 41.94% return

  • Microsoft has risen from $ 207.82 per share to $ 299.34 for a return of 44.04%

  • And finally, Innovative Industrial has risen from $ 123.36 per share to $ 244.88 for a 98.51% return.

Related link: Cannabis REIT Innovative Industrial Properties Enters Missouri Through .3M Agreement With Calyx Peak Subsidiary

See more of Benzinga

© 2021 Benzinga.com. Benzinga does not offer investment advice. All rights reserved.



Source link

Leave a Comment

x