Last December, fellow Dividend Kings founder Dividend Sensei wrote an article on Innovative Industrial Properties (IIPR). In it, he explained that it’s likely to be the fastest-growing real estate investment trust (REIT) of 2020.

Sure enough, IIPR has returned 100.4% so far in 2020:

(Source: FAST Graphs)

Think about it folks…

IIPR has returned more than 100% in the midst of a global pandemic, and we’re still buying! I know that sounds crazy, but the growth opportunities in legal cannabis – what its tenants operate in – is enormous.

In 2017 alone, U.S. sales were $8.6 billion, with $5.9 billion being of the medical variety. And ArcView Market Research estimates that, by 2022, it will be a $22 billion industry.

Many investors today focus on cannabis growers themselves. But that isn’t likely the best way to profit from this hyper-growth industry. The “weed” in question is a commodity product with unproven branding power that may end up being no more profitable than corn.


With that said, spending by state-licensed cannabis operators is growing, creating a unique opportunity for a REIT like IIPR. Since roaring out of the gate in late 2016, it appears to have cracked the code on legally minting money from marijuana.

This triple net lease/industrial REIT has delivered some of the best total returns of any stock in America in the past four years. Shares are now trading at $124.79, drawing ever closer to their all-time high of $130.16 from July 1, 2019.

(Source: Yahoo Finance)

A Closer Look…

Innovative Industrial Properties is the NYSE’s first and only to provide real estate capital to the medical-use cannabis industry. As viewed below, it holds 61 properties amounting to 4.5 million square feet in 16 states.

Better yet, its portfolio is 99.2% leased with a weighted average lease

The MarketWatch News Department was not involved in the creation of this content.

TORONTO, Sep. 30, 2020 (Canada NewsWire via COMTEX) —
TD Wins Five Global Finance Digital Bank Awards in 2020

TD Bank Group (TD) was recognized in five regional categories in the 2020 North American Global Finance Digital Bank Awards, including:

    --  Most Innovative Digital Bank
    --  Best Online Product Offerings
    --  Best Bill Payment & Presentment
    --  Best Mobile Banking Adaptive Site
    --  Best Information Security and Fraud Management

“We’re honoured to be recognized for our innovative work in digital banking,” said Rizwan Khalfan, Chief Digital and Payments Officer at TD. “We know our more than 14 million active online and mobile customers want and need advanced digital solutions, and at TD we are committed to re-imagining the banking experience to empower our customers.”

The COVID-19 pandemic accelerated the journey TD was already on to provide customers with seamless and connected digital experiences. By leveraging its digital properties, TD has been able to help its customers gain more insights into their spending through tools like TD MySpend and TD Clari, transact safely using online and mobile banking at TD and access financial relief through new digitized forms.

“This year, a global pandemic accelerated the transition to digital banking, but forward-thinking banks were already on that road,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance. “The Digital Bank Awards seek to spotlight those institutions that we believe are leading the shift toward a new world of banking.”

The Global Finance award winners are evaluated by a world-class panel of judges at Infosys, a global leader in consulting, technology and outsourcing. The awards are a trusted standard of excellence among the world’s financial community. Winning banks were selected based on the following criteria:

    --  Strength of