NYSE:IIPRIndustrial REITs
A Look At Innovative Industrial Properties (IIPR) Valuation After Senior Notes Repayment And Balance Sheet Reset
Innovative Industrial Properties (IIPR) has just cleared a key financing hurdle by fully repaying its $282 million 5.50% senior notes due May 2026 using cash, revolving credit facilities, and recent term loan proceeds.
See our latest analysis for Innovative Industrial Properties.
The refinancing steps around the senior notes sit alongside a steady share price recovery, with a 90 day share price return of 5.75% and a year to date share price return of 16.76%. The 1 year total shareholder...