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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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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

Earnings data Q2 2021

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Earnings data Q4 2021

Earnings data Q1 2022

Earnings data Q2 2022

Earnings data Q3 2022

Earnings data Q4 2022

Earnings data Q1 2023

Earnings data Q2 2023

Earnings data Q3 2023

Earnings data Q4 2023

Earnings data Q1 2024

Earnings data Q2 2024

Earnings data Q3 2024

Earnings data Q4 2024

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.

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%

NEW YORK CITY, NY / ACCESSWIRE / November 8, 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.

Innovative Industrial Properties, Inc. (IIPR) Investigation: Bronstein, Gewirtz & Grossman, LLC Encourages Stockholders to Contact the Firm to Learn More About the Investigation

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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The Federal Reserve's recent 50 bps rate cut and projected future cuts in 2024 signal a potential favorable shift for the REITs sectors. The latest JOLTS Report fell short of expectations. September job openings slid to 7.443M from 7.861M in August, and layoffs and discharges rose, a potential opportunity for more rate cuts. REITs benefit from a lower-rate environment due to reduced borrowing costs and more attractive dividend yields relative to bonds that can drive investor demand and share prices.

Top 5 REITs: Trick Or TREIT!

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

AFC Gamma

NewLake Capital Partners, Inc.

The cannabis industry in the US is on the rise, with legalization efforts moving forward and supporting sector growth. This week, top cannabis REIT stocks, such as Innovative Industrial Properties, AFC Gamma, and NewLake Capital Partners, are in focus as they offer financial support through real estate. Current policies on state ballots could further influence the cannabis market, as several states are voting on legalization measures. These outcomes could impact cannabis stocks significantly, offering opportunities for growth if more states legalize cannabis use. The industry's revenue could reach $50 billion by 2025, making it an attractive sector for investors.

High-Yield Cannabis REITs for November: Top Picks for Dividend Investors

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Dividend growth stocks can offer a passive way to grow your cash flow over time that can be used to pay the bills during retirement. We screen for some attractive names to consider, looking at dividend safety, growth and consistency, highlighting 5 that come with some of the highest yields. This month, we have 3 familiar names that make the screening regularly, but we also have 2 new names that we haven't touched on previously.

October's 5 Dividend Growth Stocks With 5.10%+ Yields

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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Interest rates are now headed to lower levels. But REITs still offer up to 9% dividend yields. I highlight three of my favorite high yielding REITs for 2025.

Yields Up To 9%: 3 REITs To Buy For 2025

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

The cannabis industry in the US continues to experience rapid growth, with an estimated market size of $32 billion in 2024. This expansion is fueled by increasing state-level legalization and a growing consumer base. Cannabis REITs are emerging as key players, providing real estate and capital to cannabis operators. These REITs offer attractive dividend yields, often exceeding 7%, making them appealing to income-focused investors. Recently, headlines about potential federal legalization have sparked renewed interest in the sector. Investors are keen on capturing both short-term gains and long-term growth opportunities.

Top Cannabis REITs to Watch in October 2024 for Strong Returns

Real estate investment trusts (REIT) were one of the industries hit hardest by the Federal Reserve's unprecedented interest rate hikes.

3 Top REITs With 5%-Plus Yields to Bet Big On As Fed Enters Rate-Easing Cycle

The US cannabis industry is growing rapidly, with sales projected to reach $46 billion by 2025. This growth opens opportunities for ancillary marijuana stocks, especially real estate investment trusts (REITs) that support cannabis companies. Cannabis REITs, like Innovative Industrial Properties (IIPR), offer high dividend yields, making them attractive to income-focused investors. News about potential federal legalization has recently stirred the market, with bipartisan efforts gaining momentum. As more states continue to legalize cannabis, ancillary stocks are positioned to benefit from increased demand for properties, lending, and services.

October Watchlist: Cannabis REITs with High Dividend Yields

Innovative Industrial Properties, Inc. offers a unique investment opportunity in the cannabis real estate sector. It offers a safe dividend and solid financial situation while holding the top position. The company's strong financial performance proves noteworthy, with solid profitability ratios and excellent metrics. The Cannabis market is positioned for very fast growth in the coming years, as it welcomes millions of consumers and becomes every more accepted.

Innovative Industrial Properties: Great Opportunities Ahead For This Industry Leader

Despite a challenging operating environment, IIPR continues to post steady rental revenue and AFFO growth, supported by a lean debt profile and effective management of tenant defaults. IIPR has a solid history of dividend growth with a conservative payout ratio, offering investors an appealing income opportunity even as the yield has come down from its highs. As interest rates ease, IIPR's lean debt structure and sector-wide improved sentiment position the stock for potential price appreciation.

Up 75% YoY, Innovative Industrial Remains A Buy

THIEF RIVER FALLS, Minn., Sept. 25, 2024 (GLOBE NEWSWIRE) -- DigiKey, a leading global commerce distributor offering the largest selection of technical components and automation products in stock for immediate shipment, announced the debut of Season 4 of the Factory Tomorrow video series sponsored by Siemens and Banner Engineering.

DigiKey Premieres Factory Tomorrow Season 4 Video Series Focused on Innovative Industrial Automation

In the latest trading session, Innovative Industrial Properties (IIPR) closed at $134.91, marking a -0.57% move from the previous day.

Innovative Industrial Properties (IIPR) Suffers a Larger Drop Than the General Market: Key Insights

Chicago Atlantic Real Estate Finance

Ancillary cannabis stocks, particularly Cannabis REITs, are gaining attention due to their potential for steady dividends. Cannabis REITs invest in real estate properties leased to cannabis operators. This provides a unique opportunity for investors to earn income. The US cannabis industry is projected to grow at a compound annual growth rate (CAGR) of over 20% through 2030. This growth is driven by increasing legalization and market expansion. Recent headlines have focused on potential federal legalization, which could significantly boost the industry. As the market evolves, ancillary stocks like REITs are positioned to benefit from the industry's expansion.

Maximizing Returns: The Top Cannabis REITs for Long-Term Investment Strategies

Innovative Industrial Properties is a REIT focused on leasing properties to the cannabis industry, with preferred shares offering an 8.5% dividend yield. The company improved operating cash flow to $136 million and free cash flow to $122 million, ensuring dividend sustainability. With over $200 million in liquidity, the capital improvement allowance is manageable, but call risk on preferred shares and potential common share issuance pose risks.

Innovative Industrial Properties: Preferred Shares Offering Attractive 8.5% Dividend Yield

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 that its board of directors has declared a third quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. “We are proud to declare our 30th consecutive quarterly dividend since our inception in 2016,” said Paul Sm.

Innovative Industrial Properties Declares Third Quarter 2024 Dividends

In the latest trading session, Innovative Industrial Properties (IIPR) closed at $126.92, marking a +1.09% move from the previous day.

Innovative Industrial Properties (IIPR) Surpasses Market Returns: Some Facts Worth Knowing

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Willem Van Zyl / iStock via Getty Images With a yield of just over 6%, Innovative Industrial Properties (NYSE:IIPR) is a commercial mortgage real estate investment trust that provides financing to the cannabis industry.

News for Innovative Industrial Properties Stock (IIPR)