Cannabis REITs
What Are Cannabis REITs? Cannabis Real Estate Investment Trusts (REITs) own and lease properties used by licensed cannabis operators, such as cultivation facilities, processing centers, and retail dispensaries. These REITs generate income by leasing space to cannabis businesses under long-term agreements.
Why Invest? Cannabis REITs offer high growth potential due to the expanding legalization of cannabis across North America. With the industry's rapid development, these REITs provide investors with exposure to a growing market while benefiting from long-term leases and a diverse tenant base.
Challenges & Outlook Cannabis REITs face regulatory challenges, such as varying state laws and federal restrictions, which can impact profitability. However, as the cannabis industry continues to expand and legalization efforts gain momentum, cannabis REITs are poised for long-term growth, making them an attractive option for investors seeking exposure to the evolving sector.
Cannabis REITs
Updated Nov 10, 2026, 3:00 AM ET
- REITs
- 5
- Combined Mkt Cap
- $2.12B
- Snapshot Avg Yield
- 10.61%
The snapshot average uses 5 reported yields with equal weight, including zero yields and excluding missing values. Individual company data may update after this snapshot.
The Numbers Behind the Sector
Updated Nov 10, 2026, 3:00 AM ET
- Fwd FFO
- 6.7x
- 3-Yr FFO Growth
- +5.0%
- 3-Yr Return
- +1.3%
- Avg Discount
- -15.8%
- Net Debt/EBITDA
- 2.3x
- Market Value
- $2.12B
Frequently Asked Questions
How many Cannabis REITs are tracked here?
Hoya Capital's Cannabis REITs table contains 5 companies classified in this sector in its company database. This is the number of tracked records, not a count of every business in the industry or a recommendation to purchase any security.
What is the average dividend yield for Cannabis REITs?
The simple average dividend yield for the tracked Cannabis REITs is 10.61%, using 5 reported yields. Each reported yield receives equal weight, including zero yields; missing values are excluded. This calculation describes the company table and is not a forecast of future distributions.
What is the median dividend yield for Cannabis REITs?
The median reported dividend yield for Cannabis REITs is 12.34% across 5 companies. The median is the middle observation after sorting yields, or the average of the two middle observations when the count is even. Missing yields are excluded.
Which tracked company is largest in Cannabis REITs by market capitalization?
Innovative Industrial (IIPR) has the largest reported market capitalization in the Cannabis REITs table, at $1.53 billion. Market capitalization measures equity market value, not property value or investment quality. The comparison covers only tracked companies with a reported value.