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Innovative Industrial Properties Inc is a real estate investment trust focused on the acquisition, ownership and management of specialized industrial and commercial properties in the United States. Its properties are prominently leased to state-licensed operators for their regulated cannabis facilities. The company conducts its business through a traditional umbrella partnership real estate investment trust, or UPREIT structure, in which properties are owned by its Operating Partnership, directly or through subsidiaries. Its segments are: Cannabis Portfolio and Life Science Portfolio, with the majority of revenue coming from the Cannabis Portfolio segment, which involves acquiring, developing, and leasing real estate to regulated cannabis operators on long-term triple-net leases.
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Prologis was formed by the 2011 merger of AMB Property and Prologis Trust. The company develops, acquires, and operates around 1.3 billion square feet of high-quality industrial and logistics facilities across the globe. The company also has a strategic capital business segment that has around $60 billion of third-party assets under management. The company is organized into four global divisions (Americas, Europe, Asia, and other Americas) and operates as a real estate investment trust.
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Stock highlights

Stock comparison highlights
Stock name
Innovative Industrial PropertiesPrologis
Last price
$52.04$127.98
Currency
USD
USD
$1.5B$122B
12.0828.23
$4.43$4.53
1.401.32
$7.60$4.22
14.22%3.34%
Sector
Real EstateReal Estate
Employees
242,802
Ticker
$IIPR$PLD
Primary listing
NYSENYSE

Performance

CumulativeRolling yearsLump sum investment

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