Innovative Industrial Properties Inc. (NYSE: IIPR) reported Q2 EPS of $1.17, $0.06 better than the analyst estimate of $1.11. Revenue for the quarter came in at $48.9 million versus the consensus estimate of $45.85 million. Adjusted funds from operations (AFFO) of approximately $43.0 million, or $1.64 per diluted share.

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