Innovative Industrial Properties Reports Third Quarter 2019 Results
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Business Wire
Acquisitions Drive 201% Q3 Rental Revenue, 314% Q3 Net Income and 270% Q3 AFFO Growth Year-over-Year SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the quarter ended September 30, 2019.Third Quarter 2019 Highlights Financial Results and Financing ActivityIIP generated rental revenues of approximately $11.2 million in the quarter, representing a 201% increase from the prior year’s third quarter.IIP recorded net income available to common stockholders of approximately $6.2 million for the quarter, or $0.55 per diluted share, and adjusted funds from operations (AFFO) of approximately $9.5 million, or $0.86 per diluted share. Net income available to common stockholders and AFFO increased by 314% and 270% from the prior year’s third quarter, respectively.IIP paid a quarterly dividend of $0.78 per share
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News
- Innovative Industrial Properties, Inc. (NYSE: IIPR) was downgraded by analysts at Piper Sandler from a "neutral" rating to an "underweight" rating. They now have a $70.00 price target on the stock, down previously from $118.00.MarketBeat
- The Schall Law Firm Invites Shareholder Contributions To An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law ViolationsAccesswire
- Innovative Industrial Properties, Inc. Is Being Investigated For Securities Fraud And Investors With Losses Are Urged To Contact Kehoe Law Firm, P.C. - IIPR Accesswire
- Innovative Industrial Properties, Inc. (NYSE: IIPR) was downgraded by analysts at Compass Point from a "buy" rating to a "neutral" rating. They now have a $78.00 price target on the stock, down previously from $125.00.MarketBeat
- Innovative Industrial Properties Reports Default by PharmaCann on All Leases [Yahoo! Finance]Yahoo! Finance
IIPR
Earnings
- 11/6/24 - Miss
IIPR
Sec Filings
- 12/20/24 - Form 8-K
- 11/7/24 - Form 8-K
- 11/7/24 - Form 10-Q
- IIPR's page on the SEC website