...

This Cannabis Stock Has A Better 1-Year Return Than Tesla, Nio, GM, Apple, Disney And Microsoft




  • In Business
  • 2021-09-25 21:00:25Z
  • By Benzinga
 

Investors who added Innovative Industrial Properties Inc (NYSE: IIPR) to their portfolio one year ago are living the high life.

Since September 2020, Innovative Industrial stock's 1-year return has outperformed a number of the world's most popular tech, clean energy and entertainment companies: Tesla Inc (NASDAQ: TSLA), Nio Inc - ADR (NYSE: NIO), General Motors Company (NYSE: GM), Apple Inc (NASDAQ: AAPL), Walt Disney Co (NYSE: DIS) and Microsoft Corporation (NASDAQ: MSFT).

For the uninitiated- Innovative Industrial is a real estate investment trust engaged in the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities.

Innovative Industrial mainly targets medical-use cannabis facilities for acquisition, including sale-leaseback transactions, with tenants that are licensed growers under long-term, triple-net leases.

Here's how the returns break down from September 2020 to present:

  • Tesla is up from $407.34 a share to $774.39 for a return of 90.11%

  • Nio is up from $18.32 a share to $35.38 for a return of 93.12%

  • GM is up from $29.00 a share to $52.23 for a return of 80.10%

  • Apple is up from $112.28 a share to $146.92 for a return of 30.85%

  • Disney is up from $124.00 a share to $176.00 for a return of 41.94%

  • Microsoft is up from $207.82 a share to $299.34 for a return of 44.04%

  • And finally, Innovative Industrial is up from $123.36 a share to $244.88 for a return of 98.51%

Related Link: Cannabis REIT Innovative Industrial Properties Enters Missouri Via .3M Deal With Calyx Peak's Subsidiary

  • Click here for options trades from Benzinga

  • Why Baidu Shares Are Falling

  • Why Xpeng Shares Are Falling

© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

COMMENTS

More Related News

Intel launches new PC chips, says U.S. supercomputer will double expected speeds
Intel launches new PC chips, says U.S. supercomputer will double expected speeds
  • US
  • 2021-10-27 16:05:34Z

Intel Corp on Wednesday introduced a new, faster family of processor chips for personal computers and said that the supercomputer it is helping the U.S...

Apple adds suppliers to clean-energy pledge, including more chip firms
Apple adds suppliers to clean-energy pledge, including more chip firms
  • US
  • 2021-10-27 12:05:01Z

Apple Inc said on Wednesday that 175 of its suppliers have now committed to use clean energy for the work they do for the iPhone maker, helping to bring more...

Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers
Uber partners with Hertz to offer 50,000 Tesla rentals to U.S. ride-hail drivers
  • US
  • 2021-10-27 11:04:41Z

Uber Technologies Inc on Wednesday said it is launching a new partnership with rental car company Hertz to offer 50,000 Tesla Inc vehicles as a rental option...

Cisco creates Apple-specific development team for collaboration software
Cisco creates Apple-specific development team for collaboration software
  • US
  • 2021-10-26 17:17:23Z

Cisco Systems Inc has created a team dedicated to developing its Webex collaboration software for Apple Inc products, the two companies said Tuesday as Cisco...

Microsoft Corporation (NASDAQ:MSFT) Shares Could Be 27% Below Their Intrinsic Value Estimate
Microsoft Corporation (NASDAQ:MSFT) Shares Could Be 27% Below Their Intrinsic Value Estimate

In this article we are going to estimate the intrinsic value of Microsoft Corporation ( NASDAQ:MSFT ) by taking the...

Leave a Comment

Your email address will not be published. Required fields are marked with *

Cancel reply

Comments

Top News: Business