Investors in marijuana-related stocks should always keep an eye out for earnings releases and conference calls regarding the companies they're holding in their portfolio. Whether you're an existing or prospective investor in Innovative Industrial Properties, Inc. (NYSE:IIPR), you should mark the company's upcoming earnings release in your calendar.
Related: Innovative Industrial Properties Reports Q1'17 Earnings
Many readers are familiar with stocks and ETFs, but REITs are still a foreign concept to some. Simply put, "a REIT, or Real Estate Investment Trust, is a company that owns or finances income-producing real estate," according to the National Association of Real Estate Investment Trusts.
Related: Cannabis REITs 101
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of cannabis-focused industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. Innovative Industrial Properties, Inc. intends to elect REIT classification with the IRS to be taxed as a real estate investment trust.
Related: Get to Know the Marijuana Stocks Paying Dividends
IIPR will be reporting its Q2'17 earnings today on Wednesday, August 9, 2017 just after the North American market close. Take note that there will also be a shareholder call tomorrow where IIPR management will provide additional color on the company's growth initiatives and more.
Related: Kalyx Cannabis REIT Announced Plans to List on Nasdaq
Don't forget to mark your calendars if Innovative Industrial Properties is one of your holdings, or if you are considering making an investment. Be sure to subscribe to one or more of our free e-mail newsletters so that you never miss an important cannabis update. Also, don't forget to connect with The Daily Marijuana Observer via social media on Facebook, Twitter, StockTwits, and Instagram.