Jun. 30 at 3:45 AM
$IIPR IIPR should see a quick recovery tomorrow after the ex-div price adjustment. The
$1.90 quarterly dividend creates a mechanical drop, but that instantly hands yield buyers a 12%+ forward yield—one of the highest quality payouts in the market. Just two weeks ago management reinforced that value with a
$402.5M 6% exchangeable notes offering and simultaneously repurchased 1.33 million shares at
$60.34, a clear vote of confidence and an accretive move that extends debt maturities while the stock still yields nearly double the cost of the new debt. With an A+ dividend safety rating, resolved tenant issues, and growing life-science exposure, the fundamentals haven’t changed one bit. These high-yield ex-div dips historically get bought aggressively; expect income and value hunters to step in right from the open and drive a fast rebound.
