Me again! Last week, there was also a subsequent purchase by limit order.

➡️ 10 shares of Innovative Industrial Properties (IIPR) at 98.99 USD per share have become it. These are added to 20 existing shares, so I currently hold a total of 30 shares.

➡️ After $IIPR (-1,3 %) went under the wheels due to a stumbling tenant (Kings Garden), the share price was quite interesting.

➡️ I waited for the earnings and the earnings call to get some feedback from the management. The default of Kings Garden will probably continue to weigh on the company until the end of the year, but I still think the market reaction is exaggerated.

➡️ Another issue is "SAFE Banking." Previously, when banks provided financial services to cannabis companies, they were punished by regulators. This is now set to change and many are worried that this will have a negative impact on REITs like IIPR.

➡️ In my opinion, SAFE Banking would predominantly impact the profitability of operators and ultimately make rents safer for IIPR. So wait and see!