INNOVATIVE INDUSTRIAL PROPERTIES, INC.

(IIPR)
  Report
Delayed Nyse  -  05/27 04:00:01 pm EDT
133.09 USD   +2.37%
05/18INNOVATIVE INDUSTRIAL PROPERTIES INC : Submission of Matters to a Vote of Security Holders, Financial Statements and Exhibits (form 8-K)
AQ
05/17Innovative Industrial Properties Acquires Industrial Property in Massachusetts for $40 Million
MT
05/16Innovative Industrial Properties Acquires Massachusetts Property and Enters Into Long-Term Lease with TILT
BU
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector news

Innovative Industrial Properties : Announces Promotions of Andy Bui to Vice President, Chief Accounting Officer and Kelly Spicher to Vice President, Real Estate Counsel

01/06/2021 | 04:31pm EDT

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today the promotions of Andy Bui to Vice President, Chief Accounting Officer and Kelly Spicher to Vice President, Real Estate Counsel.

Mr. Bui joined IIP in May 2017 as Controller, having previously served in senior financial reporting roles at BioMed Realty Trust, Inc. (formerly NYSE: BMR) and Leap Wireless International, Inc. (formerly NASDAQ: LEAP), and as a manager for PricewaterhouseCoopers LLP.

“Andy has been an invaluable member of our management team and leader of our accounting function over the past three and a half years, during a period of tremendous growth and transformation for our company,” said Catherine Hastings, Chief Financial Officer of IIP. “As we look forward toward continued execution of our business strategy in an ever-changing environment, we are so grateful to have such a talented accounting team, led by Andy.”

Ms. Spicher joined IIP in August 2019 as Senior Real Estate Counsel, after a career spanning over 16 years as a commercial real estate transactional attorney with Foley & Lardner LLP, representing institutional clients on complex real estate transactions covering a variety of matters, including acquisitions, leasing and development.

“Kelly has been an absolutely irreplaceable member of our team, first as our go-to outside real estate counsel for several years, and then as the leader of our real estate legal function over the past year plus,” said Brian Wolfe, General Counsel of IIP. “She has advised IIP on nearly every real estate transaction throughout this time, representing well over $1 billion of commitments, and continues to differentiate herself through her integrity, quality of work and special ability to forge win-win solutions. We are so pleased to announce this promotion, and to have Kelly leading the charge for all of IIP’s real estate legal matters.”

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.

Forward-Looking Statements

This press release contains statements that IIP believes to be “forward-looking statements” within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. All statements other than historical facts are forward-looking statements. When used in this press release, words such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,” “believe” or “should” or the negative thereof or similar terminology are generally intended to identify forward-looking statements. Such forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in, or implied by, such statements. Investors should not place undue reliance upon forward-looking statements. IIP disclaims any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.


© Business Wire 2021
All news about INNOVATIVE INDUSTRIAL PROPERTIES, INC.
05/18INNOVATIVE INDUSTRIAL PROPERTIES INC : Submission of Matters to a Vote of Security Holders..
AQ
05/17Innovative Industrial Properties Acquires Industrial Property in Massachusetts for $40 ..
MT
05/16Innovative Industrial Properties Acquires Massachusetts Property and Enters Into Long-T..
BU
05/16Innovative Industrial Properties, Inc. Enters into Lease Agreement with Subsidiary of T..
CI
05/16Innovative Industrial Properties Acquires Industrial Space in Taunton, Massachusetts
CI
05/16Innovative Industrial Properties, Inc. entered into a definitive purchase and sale agre..
CI
05/16Innovative Industrial Properties, Inc. acquired Taunton Facility, MA from Commonwealth ..
CI
05/11INNOVATIVE INDUSTRIAL PROPERTIES INC : Regulation FD Disclosure, Financial Statements and ..
AQ
05/09Craig-Hallum Upgrades Innovative Industrial Properties to Buy From Hold
MT
05/05INNOVATIVE INDUSTRIAL PROPERTIES INC MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL..
AQ
More news
Analyst Recommendations on INNOVATIVE INDUSTRIAL PROPERTIES, INC.
More recommendations
Financials (USD)
Sales 2022 288 M - -
Net income 2022 167 M - -
Net Debt 2022 - - -
P/E ratio 2022 21,9x
Yield 2022 5,49%
Capitalization 3 723 M 3 723 M -
Capi. / Sales 2022 12,9x
Capi. / Sales 2023 10,6x
Nbr of Employees 21
Free-Float 98,6%
Chart INNOVATIVE INDUSTRIAL PROPERTIES, INC.
Duration : Period :
Innovative Industrial Properties, Inc. Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends INNOVATIVE INDUSTRIAL PROPERTIES, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 8
Last Close Price 133,09 $
Average target price 242,71 $
Spread / Average Target 82,4%
EPS Revisions
Managers and Directors
Paul E. Smithers President, Chief Executive Officer & Director
Catherine Hastings Chief Financial Officer & Treasurer
Alan D. Gold Executive Chairman
Ben Regin Director-Finance & Investment
Gary A. Kreitzer Vice Chairman
Sector and Competitors