Cannabis Pricing PressuresCannabis pricing pressures persist across all major states which continue to weigh on operator performance.
Dividend RisksThe dividend is expected to be reduced, which may pressure the stock price as dividends provide support for the stock.
Earnings ExpectationsLatest earnings call commentary from public operators highlighted expectations that a recovery in the industry has yet to be on the horizon.
Earnings PowerPharmaCann, IIPR’s largest tenant, being in default significantly affects the company's earnings power.
Tenant DefaultsInnovative Industrial Properties declared certain tenants in default and a default on a mortgage loan, which could impact earnings if defaults are not cured.