** Innovative Industrial Properties IIPR.N falls 4.9% to $58.80 premarket
** REIT operator for cannabis facilities says four of its tenants have defaulted on rent payments amid tough cannabis market conditions
** Innovative Industrial to seek more financially viable long-term tenants as replacements
** Company also declares a default related to a $16.1 million loan in the form of a promissory note issued to IIPR by the purchaser of four properties previously leased to Medical Investor Holdings
** Piper Sandler trims PT on REIT to $55 from $60
** "Given the storm clouds are darkening for the cannabis industry and IIPR isn't receiving any credit for its 12% yield, we think reducing the payout is prudent" - Piper Sandler
** Innovative Industrial has slumped nearly 40% in value over past 12 months
(Reporting by Medha Singh)
((medha.singh@thomsonreuters.com))
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。