Innovative Industrial Properties Reports First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/23/2026
- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- 'Equal and opposite': BTIG's Krinsky sees sharp reversal ahead for chip stocks
Innovative Industrial Properties, Inc. (IIPR) Misses Q1 EPS by 3c
May 6, 2020 6:19 PM EDTInnovative Industrial Properties, Inc. (NYSE: IIPR) reported Q1 EPS of $0.72, $0.03 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $21.3 million versus the consensus estimate of $21.41 million.
First Quarter 2020 and Year-to-Date Highlights
Financial Results and Financing Activity
IIP generated total revenues of approximately $21.1 million in the quarter, representing a 210% increase from the prior years first quarter.IIP recorded net income available to common stockholders of approximately $11.5 million for the quarter, or $0.72 per diluted share, and adjusted funds from operations (AFFO) of approximately $17.8 million, or $1.12 per diluted share. Net... More