Innovative Industrial Properties, Inc. (IIPR) Misses Q1 EPS by 3c

Go back to Innovative Industrial Properties, Inc. (IIPR) Misses Q1 EPS by 3c

Innovative Industrial Properties Reports First Quarter 2020 Results

May 6, 2020 4:20 PM EDT

Acquisitions Drive 210% Q1 Total Revenues, 249% Q1 Net Income and 236% Q1 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 medical-use U.S. cannabis industry, announced today results for the quarter ended March 31, 2020.

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... More