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  "docSlug": "6acbd8e96867",
  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
  "authorId": "62_Grizzly_Research",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-09 00:00:00",
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      "text": "On the surface, yields are already showing signs of compression and would likely continue on that path going forward due to increased competitions.",
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      "text": "Weighted Average Port. Yield over time showing a downward trend.",
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      "text": "Weighted Average Port. Yield: 13.20%",
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      "kind": "paragraph",
      "text": "We believe IIPR’s business model is fundamentally flawed. Already financially strained tenants sign overpriced sales leasebacks at onerous yields. No credible company would agree to sale leasebacks with its core assets for yields in excess of 13%...",
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      "text": "Source: Grizzly Research Analysis",
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      "text": "4 IIPR’s Business Model Seems Fundamentally Flawed",
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