$Innovative Industrial Properties Inc(IIPR)$ Strong profitable REIT + temporary setback = $$ OPPORTUNITY $$
Here's the thesis:
- main tenent defaults on rent which makes up about 17% of their revenue
- price drops by over 20%
- nothing fundamentally changes in the business, tenent can always be replaced
This is a no-brainer BUY
The juicy dividend will only get juicier once they recover their revenue
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