Innovative Industrial Properties Navigates Headwinds by Leveraging Its Strengths
Innovative Industrial Properties, Inc. (NYSE:IIPR) is one of the Best REIT Dividend Stocks to Buy in 2025.
Aerial view of a large REIT building complex, its facade reflecting the city skyline.
The company focuses on cannabis-related facilities, mainly grow houses, and operates under a net lease model where tenants handle most property expenses. As the cannabis industry shifts from rapid growth to consolidation, some tenants are struggling to pay rent. Despite these challenges, IIPR has managed to navigate the headwinds fairly well.
One of Innovative Industrial Properties, Inc. (NYSE:IIPR)'s main strengths is its solid balance sheet, with a low debt ratio of 0.15, well below industry averages. This low leverage gives the company flexibility to expand its portfolio and support its dividend.
From 2017 to 2024, its average AFFO payout ratio was around 85%, which is on the higher side for a net lease REIT. A recent lease adjustment with a major tenant is expected to reduce FFO by $0.16 per share, potentially pushing the payout ratio slightly above 90% in 2025. This makes Innovative Industrial Properties, Inc. (NYSE:IIPR)'s strong financial position even more important and helps justify its dividend yield of over 13%.
Innovative Industrial Properties, Inc. (NYSE:IIPR) currently offers a quarterly dividend of $1.90 per share and has been growing its payouts for eight consecutive years.
While we acknowledge the potential of IIPR as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
READ NEXT: and .
Disclosure. None.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
22 minutes ago
- Yahoo
‘I'm done!' Waxhaw mayor explains curse-filled rant at town board meeting
WAXHAW, N.C. (QUEEN CITY NEWS) — Emotions boiled over at a town hall meeting in Union County Tuesday evening. Waxhaw Mayor Robert Murray swore multiple times, frustrated town commissioners could not reach an agreement on new property tax rates. 'I'm done, I'm f– done with the jokes, I'm done being coy, I'm done, it's f– 10:30, I am done,' he told the board. Former UNC basketball star selling Union County home for $14 million Murray explained his position to Queen City News on Thursday. 'I lost my cool because we had about three or four hours of nonproductive, almost non-discussions,' Murray told Chief Political Correspondent Andy Weber. The meeting video, which was initially streamed on YouTube, was taken down but reposted with expletives removed on Thursday morning. Town staff said they wanted to adhere to 'broadcast standards.' While several on the board acknowledged they had hit a wall on agreeing to a specific tax figure, some want the mayor to apologize for his remarks. That includes Commissioner Jason Hall. 'I think that offering an acknowledgement to the community, to the board, to the staff most importantly, because they're the ones who work with him on a daily basis,' said Hall. But Murray argued he sees no need to apologize: 'It was an emotional expression that occurred after a very long meeting and again, it wasn't our first budget meeting.' Murray said the board is often divided on how the town should handle its continued growth and added that he does not see either side budging. 'It's just one of those things where it's been a struggle for a year and half, so will it get better? Probably not,' said Murray. 'And I think now it's just a matter of navigating it as best we can.' Hall, meanwhile, seemed more optimistic. 'There are challenges with this board, but I'm confident that maybe through challenges we can come together and work together for a promising path forward,' he said. The board was eventually able to agree to a new tax rate and pass their budget Tuesday, which had a deadline of July 1. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Yahoo
23 minutes ago
- Yahoo
Second-chance car loans: What they are and how to get one
A second-chance auto loan is an auto loan that caters to borrowers with subprime or deep subprime credit. Second-chance car loans come with higher interest rates that can inflate the price of a car loan by hundreds of dollars. There are more affordable alternatives to second-chance auto loans, but these loans can put you in a car more quickly if it's essential for you to have a vehicle. A lower credit score can make getting approved for competitive auto loan rates challenging, but you may still be eligible for financing through a second-chance auto loan. Also referred to as subprime auto loans, these cater to borrowers in the subprime and deep subprime categories. The trade-off is higher borrowing costs, which results in a higher monthly payment. If you've exhausted other options, a second-chance auto loan could help you finance a vehicle. Still, it's worth considering the benefits and drawbacks of these loans before you apply to know what you should expect. A second-chance auto loan, or subprime car loan, is a type of bad credit auto loan offered to drivers who may be denied financing for traditional auto loans. In general, FICO scores between 501 and 600 are considered subprime. Anything lower is considered deep subprime. The eligibility guidelines for second-chance auto loans vary greatly among lenders. Most will require a minimum credit score and minimum income. Those without strict requirements will likely still consider your credit score and income, but these lenders may also consider other factors, although with any option, you can expect higher interest rates and less favorable loan terms. You will almost certainly have to pay a higher interest rate on a second-chance auto loan. An excellent credit score nets an average interest rate of 5.18 percent on a new car loan, whereas subprime borrowers face a much higher average interest rate of 13.22 percent, based on data from Experian. This is because lenders consider you a higher risk of default. While not all lenders offer these types of loans, there are a few places where you can find one. Some dealership financing may include a second-chance loan. In general, buy here, pay here (BHPH) lots cater to customers with no credit or low credit scores. Because of potentially high interest rates, they should only be used as a last resort. In addition, some dealerships will place tracking devices or starter interrupters on vehicles to make repossession easier, which can be an invasive drawback for some drivers. It's also worth exploring no-haggle online car dealerships like Carmax and Carvana if you need a second-chance car loan. Good credit isn't required for financing, and these options allow you to shop and finance used cars in one place, which makes them a convenient option if you have limited or no credit history. There are multiple lenders that operate either fully or partially online, like LightStream, which offers unsecured auto loans. You may also want to consider using an online lending marketplace to make finding and comparing these lenders easier. Before filling out a marketplace's form, check if there is a service fee to match you with lenders. If there isn't, you may be able to quickly compare options that fit your credit score and budget. You can also view loan offers that include monthly payments and interest rates without impacting your credit score. While major banks often cater to borrowers with good to excellent credit, there are some local banks and credit unions that are willing to work with borrowers who have poor credit. These can be worth exploring if you already have an account or are willing to open one. In particular, you may be able to get an auto loan with a credit union since these typically have lower rates and may consider your broader financial picture. If you're already a credit union member, make an appointment to speak with a loan officer. You may be eligible for financing based on your existing relationship. Although they are accessible, second-chance car loans are not without flaws. Keep these factors in mind before applying to make an informed decision. Second-chance car loans are riskier for lenders. Consequently, they charge steep interest rates that could make your payments more costly. The average monthly payment for subprime new auto loans is $762, but borrowers with excellent credit scores pay just $727, according to Experian. The steeper monthly payment is likely tied to the higher car loan interest rate that subprime borrowers are offered. The average interest rates for applicants with subprime or deep subprime credit range from 13.22 percent for new vehicles up to 21.58 percent for used vehicles. You should also be on the lookout for fees — like application, origination, prepayment and any monthly account fees — to get an idea of what additional costs you may have to work into your budget. Hold off on signing any paperwork until you read the loan contract and understand all the costs involved. You may also want to use an auto loan calculator to determine exactly how much a loan could cost each month. If you plan to buy a car as a first step to improving your credit, a second-chance auto loan may not be the way to go. Some lenders choose not to report loan activity to the credit bureaus, which means you lose the opportunity to build your credit through on-time payments. Ask the lender if it reports to the credit bureaus. There are many that do, and a positive payment history is critical if you want to get better terms or refinance your auto loan in the future. It's also worth reading the fine print to confirm the exact credit reporting a lender does when you are paying back your loan. Because subprime borrowers have high average interest rates, it is one of the most crucial aspects to consider when comparing second-chance auto loans. Shopping around with multiple lenders and applying for preapproval is essential to finding the best deal. If you can find a rate even a single percentage point lower, you can get a more affordable monthly payment and save on interest. For example, your monthly payment on a $26,000 auto loan with a 60-month term will be drastically different depending on your interest rate. The total amount you pay in interest will also be affected, leading you to spend hundreds — if not thousands — of dollars more over the life of your loan. APR Monthly payment Total interest paid 9% $540 $6,383 14% $605 $10,298 19% $674 $14,467 22% $718 $17,086 Avoid buy-here, pay-here lots that require a starter interrupter or a GPS tracker in order to approve you for financing. These types of devices make it easier for vehicles to be repossessed for non-payment, and they can leave you with little or no time to bring the loan current or work with your lender to make payment arrangements. Be wary of any deals that seem too good to be true when researching subprime lenders. Check customer reviews and thoroughly vet any potential lenders before you apply. Otherwise, you could fall victim to a yo-yo scam or other car-buying scam and lose money, time and the car you're trying to buy. If you've been turned down for a second-chance car loan or can't qualify for a decent rate, consider other options. It may mean waiting a few months — but a good deal is worth the patience. Add a cosigner. The lender may approve your application if you have a cosigner with excellent credit and a stable income — but keep in mind, many lenders only accept joint applications, not cosigners. Improve your credit. If you have time to wait, improving your credit may help you qualify for a loan with more favorable terms. On average, borrowers with near prime credit — FICO scores between 601 and 660 — have interest rates three to five percent lower than those with subprime credit. Buy with cash. It takes time to save enough money to cover the purchase price, vehicle registration and other related costs. Still, you can steer clear of the lender's eligibility guidelines and interest payments that come with auto loan financing. A second-chance car loan could be an option if you can't get approved for financing elsewhere. Still, it may not be a smart financial move. You could be better off waiting to purchase and improving your credit health to qualify for more favorable terms in the future. If you do need to borrow a second-chance auto loan, compare lenders and review available terms before applying to decide if the benefits outweigh the costs. Sign in to access your portfolio
CNET
24 minutes ago
- CNET
Snap Up 2 Blink Outdoor 4 Cameras for Only $70 at Amazon Ahead of Prime Day
Between summer travel and daily schedules, it's just not possible to be home 24/7. If you've been considering setting up a home security system, there's no easier way to start then to install outdoor security cameras. Blink makes some of our favorites, and right now you can pick up two Blink Outdoor 4 security cameras for an all-time low price of just $70 at Amazon ahead of Prime Day. That's a massive savings of $110. This two-camera bundle includes two black Blink Outdoor 4 wireless outdoor security cameras. These are the latest, 4th gen models in the Blink Outdoor camera lineup. They feature a two-year battery, 1080 HD camera, infrared night vision and two-walk talk. They are powered by AA lithium batteries, which are included. Hey, did you know? CNET Deals texts are free, easy and save you money. When there's motion or movement in your camera view, you receive alerts on your smartphone with dual-view of both cameras, so you can always keep an eye on your home but you don't have to be glued to your phone. You can also set it up with your Alexa smart home devices to receive alerts and disarm or activate the system through voice command. The $70 price includes two cameras, one Sync Module 2, four AA lithium metal batteries, two mounting kits, one USB cable, and one power adapter. Looking for more deals? Check out our roundup of the best smart home device deals. And be sure to keep an eye on our Prime Day offers, which we're constantly updating leading up to the July 8 Prime Day. Why this deal matters In a nutshell, we've never seen the price so low on this dual camera bundle. Not only do you get the latest in the Blink outdoor camera lineup, you get it for a fraction of the price -- the discount is currently 61%. These easy-to-install cameras are a no-brainer to monitor your home, and at this price, they make a great option for anyone who wants to start their own DIY home security setup.
