Innovative Industrial Properties: Key Takeaways From The Earnings Results [Seeking Alpha]
Innovative Industrial Properties, Inc. (IIPR)
US:NYSE Investor Relations:
investors.innovativeindustrialproperties.com
Company Research
Source: Seeking Alpha
The company achieved a 12% increase in total revenue and demonstrated growth in adjusted funds from operations and normalized funds from operations. Despite challenges in the cannabis industry, IIPR has a robust business with a geographically diversified portfolio and a diversified tenant base. We maintain our "buy" rating based on the firm's valuation and future prospects. Innovative Industrial Properties, Inc. ( NYSE: IIPR ) is a self-advised Maryland REIT - real estate investment - trust - focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. We started coverage of the firm in May 2022, with an initial bullish view, which we have maintained up until today. In this time frame, IIPR's stock price has declined by 18%, while the broader market has gained as much as 29%. The aim of today's article is to take a look at the company's latest earnings results, as well a
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IIPR
News
- Strength Seen in Innovative Industrial Properties (IIPR): Can Its 4.8% Jump Turn into More Strength? [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties (IIPR) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties (IIPR) Outperforms Broader Market: What You Need to Know [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties to Report 2024 First Quarter Results [Yahoo! Finance]Yahoo! Finance
- Innovative Industrial Properties to Report 2024 First Quarter ResultsBusiness Wire
IIPR
Earnings
- 2/26/24 - In-Line
IIPR
Sec Filings
- 4/1/24 - Form DEFA14A
- 4/1/24 - Form DEF
- 3/4/24 - Form 8-K
- IIPR's page on the SEC website