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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

Earnings data Q1 2021

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Earnings data Q1 2024

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Innovative Industrial Properties (IIPR) reports robust 2022 performance amidst industry challenges

Innovative Industrial Properties (IIPR) navigated challenges in the regulated cannabis industry while reporting strong financial performance in 2022. The company remains focused on re-leasing properties, collecting rents, and strategically deploying capital. Despite market dynamics and tenant issues, IIPR is optimistic about long-term industry growth.

Innovative Industrial Properties reports strong Q1 performance amidst industry challenges

IIPR's Q1 performance reflects resilience amidst challenges in the cannabis industry.
Maintaining strong credit metrics and cautious approach to tenant struggles and regulatory changes.
Opportunities in state-specific programs and potential federal legislation support growth outlook.
Focus on strong tenants and industry growth while ensuring shareholder compensation.

Innovative Industrial Properties reports robust Q2 performance amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial results, showcasing resilience and growth potential amidst industry challenges and economic uncertainties.
The company's strategic focus on tenant monitoring, market adaptability, and team quality positions it well for future growth and expansion.
Despite facing tenant defaults and market uncertainties, IIPR remains optimistic about the cannabis industry, emphasizing financial stability, and growth opportunities in new states.

Innovative Industrial Properties (IIPR) reports robust Q3 earnings amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial performance in Q3 2023, supported by robust revenues and diligent rent collection.
Despite facing challenges in the regulated cannabis industry and market dynamics, IIPR's proactive approach and strong balance sheet position it for long-term success.
Opportunities in addressing industry challenges and leveraging growth prospects underscore IIPR's strategic resilience and commitment to value creation.
Management's optimism and strategic focus on operational efficiency and market opportunities bode well for IIPR's future performance and shareholder value.

Innovative Industrial Properties reports strong Q4 performance and growth outlook

Innovative Industrial Properties (IIPR) delivered robust financial results, showcasing growth, profitability, and operational efficiency in Q4 2023.
Despite challenges in revenue timing uncertainties and market dynamics, IIP's strengths in financial stability, diversified portfolio, and product quality position it well for future growth.
Opportunities lie in expanding the property portfolio, leveraging indoor product advantages, and exploring growth avenues in tenant operations and industry trends for sustained success.

Innovative Industrial Properties reports stable Q1 performance amidst industry challenges

Innovative Industrial Properties delivered stable financial performance in Q1, focusing on operational expansion and maintaining a strong balance sheet.
The company faces challenges from market dynamics and regulatory uncertainties but is well-positioned to capitalize on growth opportunities.
With a strategic approach to leasing, investments, and portfolio management, the company navigates industry challenges while seeking operational efficiencies.
Analyst inquiries highlighted the company's resilience, potential impacts of legislative changes, and the importance of addressing market dynamics.

Innovative Industrial Properties reports robust Q2 earnings amidst market expansion

Innovative Industrial Properties (IIPR) delivered a strong Q2 performance with solid financial results and strategic growth initiatives.
Despite regulatory uncertainties, IIPR's financial stability, diversified portfolio, and growth prospects position it well for future success.
The company's focus on market expansion, operational efficiency, and prudent investments underscores its resilience and potential for sustained growth.

Innovative Industrial Properties (IIPR) excels in Q3 amidst industry challenges

Innovative Industrial Properties (IIPR) delivers a solid Q3 performance, showcasing financial stability and strategic positioning in a challenging industry. The company's strong liquidity, low leverage, and diversified portfolio set a solid foundation for future growth and investment opportunities amidst evolving market dynamics.

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Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold, Gary A. Kreitzer and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

LOS ANGELES, CA / ACCESSWIRE / November 13, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

The Schall Law Firm Urges Stockholder Participation In An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations

NEW YORK, NY / ACCESSWIRE / November 13, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024.

Lost Money on Innovative Industrial Properties, Inc.(IIPR)? You May Have Been Affected by Fraud- Contact Levi & Korsinsky

NEW YORK, NY / ACCESSWIRE / November 12, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024.

Innovative Industrial Properties, Inc. Investigation Ongoing: Contact Levi & Korsinsky About Potential Securities Fraud Allegations - IIPR

LOS ANGELES, CA / ACCESSWIRE / November 12, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

Innovative Industrial Properties Inc Is Being Investigated For Defrauding The Public And Investors With Losses Are Invited To Contact The Schall Law Firm

Innovative Industrial Properties, Inc. Investigation Ongoing: Contact Levi & Korsinsky to Discuss Your Rights - IIPR

LOS ANGELES , Nov. 12, 2024 /PRNewswire/ -- The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE: IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

IIPR Investors Have Opportunity to Join Innovative Industrial Properties, Inc. Fraud Investigation with the Schall Law Firm

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LOS ANGELES, CA / ACCESSWIRE / November 11, 2024 / The Schall Law Firm, a national shareholder rights litigation firm, announces that it is investigating claims on behalf of investors of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR) for violations of the securities laws. According to the Complaint, the Company made false and misleading statements to the market.

The Schall Law Firm Urges Shareholder Participation In An Inquiry Into Innovative Industrial Properties, Inc. For Securities Law Violations Fraud

NEW YORK, NY / ACCESSWIRE / November 11, 2024 / Levi & Korsinsky notifies investors that it has commenced an investigation of Innovative Industrial Properties, Inc. ("Innovative Industrial Properties, Inc.") (NYSE:IIPR) concerning possible violations of federal securities laws. IIP reported its financial results for the third quarter of 2024 on November 6, 2024.

Innovative Industrial Properties, Inc. Investigated Regarding Potential Securities Law Violations - Contact Levi & Korsinsky for Details - IIPR

NEW YORK CITY, NY / ACCESSWIRE / November 11, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Innovative Industrial Properties, Inc. ("IIP" or "the Company") (NYSE:IIPR). Investors who purchased IIP securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/IIPR.

Bronstein, Gewirtz & Grossman, LLC Initiates an Investigation into Allegations Against Innovative Industrial Properties, Inc. (IIPR) And Encourages Stockholders to Reach Out

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Innovative Industrial Properties is rated as a Buy due to its modest valuation, stable rental income, strong financial position, and growth potential in the cannabis market. The stock fell due to Florida's Amendment 3 not passing and a slight earnings miss, but I believe these are short-term issues. IIPR has done just fine in the past without Florida legalizing recreational cannabis, and it can continue doing just fine now.

Innovative Industrial Properties Falls After Florida Vote And Earnings Miss, But It Now Yields Over 7%

Cannabis assets are out of favor just now, and the company's latest news didn't improve the situation.

Why Innovative Industrial Properties Stock Crumbled Today

Innovative Industrial Properties, Inc. (NYSE:IIPR ) Q3 2024 Results Conference Call November 7, 2024 1:00 PM ET Company Participants Brian Wolfe - VP, General Counsel, Secretary Alan Gold - Executive Chairman Paul Smithers - President, CEO & Director Ben Regin - Chief Investment Officer Catherine Hastings - Chief Operating Officer David Smith - CFO & Treasurer Conference Call Participants Tom Catherwood - BTIG Alexander Goldfarb - Piper Sandler Operator Good day, and welcome to the Innovative Industrial Properties Third Quarter 2024 Earnings Call. [Operator Instructions].

Innovative Industrial Properties, Inc. (IIPR) Q3 2024 Earnings Call Transcript

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2.25 per share, missing the Zacks Consensus Estimate of $2.29 per share. This compares to FFO of $2.29 per share a year ago.

Innovative Industrial Properties (IIPR) Lags Q3 FFO and Revenue Estimates

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 third quarter ended September 30, 2024. Financial Results, Dividend and Capital Raising Activity Generated total revenues of $76.5 million and net income attributable to common stockholders of $39.7 million, or $1.37 per share (all per share amounts in this pre.

Innovative Industrial Properties Reports Third Quarter 2024 Results

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In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $133.75, indicating a +0.21% shift from the previous trading day.

Innovative Industrial Properties (IIPR) Laps the Stock Market: Here's Why

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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its third quarter ended September 30, 2024 after the market closes on Wednesday, November 6, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on.

Innovative Industrial Properties to Report 2024 Third Quarter Results

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Since our first coverage, Innovative Industrial Properties has delivered an 88% total return, including dividends, significantly outperforming the broader market. As of Q2, 2024, IIPR's portfolio had a 95.6% occupancy rate, ensuring stable cash flows. The portfolio's weighted average remaining lease term is 14.4 years, minimizing lease rollover risk.

Innovative Industrial Properties' Quiet Rise As Dividend Leader

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News for Innovative Industrial Properties Stock (IIPR)