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Stock impact report

Innovative Industrial Properties Reports First Quarter 2018 Results

Innovative Industrial Properties, Inc. (IIPR) 
Company Research Source: Business Wire
SAN DIEGO--(BUSINESS WIRE)-- Innovative Industrial Properties, Inc. (NYSE: IIPR) (the "Company") announced today results for the quarter ended March 31, 2018, the fifth full quarter since the Company commenced real estate operations and completed its initial public offering in December 2016. First Quarter 2018 Highlights Financial Results and Financing Activity The Company generated rental revenues of approximately $2.7 million in the quarter. The Company recorded net income of approximately $607,000 for the quarter, or $0.09 per diluted share, and adjusted funds from operations ("AFFO") of approximately $1.4 million, or $0.23 per diluted share. The Company paid its fourth consecutive quarterly dividend of $0.25 per common share on April 16, 2018 to stockholders of record as of March 29, 2018. The Company completed an Show less Read more
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