NYSE:IIPRIndustrial REITs
Innovative Industrial Properties (IIPR) Stock May Be 49% Undervalued Despite 52 Week High
Innovative Industrial Properties stock is trading near a 52 week high while both a Discounted Cash Flow (DCF) intrinsic value estimate and earnings based multiples point to the shares screening as undervalued. This sits in tension with a 5 year return that has declined 52.1%.
Over the past 5 years, Innovative Industrial Properties has delivered a 52.1% decline, so the recent strength comes against a weak longer term share price record.
Recent news around fresh senior and exchangeable note...