As of June 30, it had a 100% occupancy rate. Its tenants include the largest companies in the cannabis industry, such as Curaleaf, Cresco Labs, Columbia Care and Trulieve. NewLake Capital Partners was founded in 2019 and had its IPO in August 2021. It specializes in triple-net leases to cannabis companies as well as providing capital to them when necessary. (OTCMARKETS: NLCP) is a New Canaan, Connecticut-based industrial REIT with 31 properties across 12 states. This week, Compass Point analyst Merrill Ross downgraded Innovative Industrial Properties from Buy to Neutral and announced a $95 price target. As of June 30, it had a 99.9% occupancy rate. Of its properties, 90% are industrial, 3% are retail and 6% are industrial/retail. 31, 2022, Innovative Industrial Properties owned 108 properties in 19 states. (NYSE: IIPR) is a San Diego-based diversified/industrial REIT that specializes in triple-net leases and lease-backs on commercial properties with cannabis companies as its sole tenants.Īs of Dec. Milligan also lowered the price target from $115 to $104.įollowing the downgrade, Federal Realty Investment Trust was down 1.52% on the day. Federal Realty Investment Trust is a Dividend King and holds the ongoing record for annual dividend increases with 55 consecutive years.įederal Realty Investment also received a downgrade from Raymond James analyst Milligan, from Strong Buy to Outperform. Here's how you can be among the first to buy shares.įederal Realty Investment Trust (NYSE: FRT) is a Maryland-based diversified REIT that owns 102 shopping malls and mixed-use offices, as well as 3,100 residential units in wealthier metro markets on both the East and West coasts of the U.S.Ī member of the S&P 500, Federal Realty Investment Trust has been in business since 1962 and is one of the oldest REITs on Wall Street. This REIT just teamed up with the company that built Elon Musk's tiny house to develop affordable housing communities. Here's how its unique model is crushing the market. Check out:Ī REIT you've probably never heard of is up 36% over the past two years. The analyst noted that capital expenditures will likely remain elevated well into the first half of 2025. Kite Realty Group shares were down over 2% on the day of the announcement.

5, Raymond James analyst RJ Milligan downgraded Kite Realty Group Trust two levels from Strong Buy to Market Perform.

Kite Realty had its initial public offering (IPO) in 2004. Its strip malls are mostly grocery store anchored, and tenants include CVS, Fresh Market, Best Buy, Burlington Coat Factory, Ross Stores and Costco.

Kite Realty Group Trust (NYSE: KRG) is an Indianapolis-based retail REIT with 181 open-air and mixed-use properties from Vermont to California. Take a look at five downgrades that negatively impacted the REIT sector and helped to drag the Vanguard Real Estate Index Fund ETF (NYSE: VNQ) down over 1% to start the first week of September. This year, the post-Labor Day holiday week began in dour fashion for several real estate investment trusts (REITs) as a slew of analyst downgrades hit the wires shortly before the opening bell on Sept. This trend dates back almost 100 years and is sometimes attributed to investors making changes to their portfolios by taking profits as summer ends. September has generally been described as a difficult month for the stock market.

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