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

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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