Iipr stock price strong lease renewal activity has

Strong lease renewal activity has supported a rebound in the iipr stock price, reinforcing confidence in tenant solvency across diversified cannabis portfolios. However, the landscape shifted dramatically with the rise of interest rates, which prompted investors to shift away from REITs. Coupled with concerns among investors regarding a potential dividend cut from IIPR, this led to a substantial downturn in the company’s shares throughout 2022 and 2023, ultimately putting an end to this trend. Smart Portfolio is supported by our partner TipRanks. By connecting my portfolio to TipRanks Smart Portfolio I agree to their Terms of Use . Investors monitoring the iipr stock price see catalysts in Q3 earnings due next month. Consensus EPS estimates are trending upward on stronger tenant performance.