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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.

Outstanding Shares

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

Revenue Multiple

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

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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.

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As 2024 looms, investors are eyeing the stocks to buy ahead of the presidential election. So far, 2023 has been a testament to this trend, with the S&P 500 index witnessing a healthy rise of more than 10%.

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OrganiGram Holdings Inc.

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Despite some market pessimism surrounding next year and the often prophesied recession, there are still oversold marijuana stocks to buy that offer great value. The companies on this list benefit from the emerging health benefits of these plants and the continued liberalization of what were once illicit drugs in the U.S. I foresee a rise in these oversold marijuana stocks due to industry tailwinds and falling bond prices, which will ease some pressure on risk assets in the marijuana industry.

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NewLake Capital Partners, Inc.

The 2 largest hurdles for cannabis companies, deflation and legalization, are not soon to end, but there are good ways to gain exposure to this opportunity and they are trading at rock-bottom prices. Innovative Industrial Properties NYSE: IIPR and NewLake Capital Partners OTCMKTS: NLCP.

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Green Thumb Industries Inc.

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Cannabis stocks could see higher highs in 2024. For one, according to a recent Gallup survey, 70% of Americans back legalization.

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Essential Properties Realty Trust Inc

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Major U.S. stock indices have recovered sharply since the turn of the year. However, REITs have not followed suit, as the real estate sector has suffered from disinflation and increasing counterparty risk.

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These three stocks offer dividend yields ranging from nearly 9.6% to over 12.9%. Analysts think that all three have significant upside potential.

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AdvisorShares Pure US Cannabis ETF

When Joe Biden campaigned for president in 2020, there was no hope for cannabis stocks. Biden had been a hardliner on drug policy for most of the years he spent serving as a Senator.

Investing in the Cannabis Industry: 3 Stocks to Buy Now

The average of price targets set by Wall Street analysts indicates a potential upside of 38.4% in Innovative Industrial Properties (IIPR). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.

Wall Street Analysts Believe Innovative Industrial Properties (IIPR) Could Rally 38.37%: Here's is How to Trade

AFC Gamma

Marijuana stock investors are anxious heading into 2024. This past year the cannabis sector saw a lot of growth. This was due to several factors one being the progress of legal markets. The other is companies that are working on different partnerships to further develop the industry. There has been more success out of the market than inside of it. But even with marijuana stocks not having the upward consistency it needs people are still investing.

Are These Marijuana Stocks A Buy Or Sell 2024?

Innovative Industrial Properties is currently paying out an 8.9% yield that's 127% covered by fiscal 2023 third quarter adjusted funds from operations. The equity REIT saw 97% rent collection during the third quarter. A dovish Fed pivot and a healthy debt-to-equity ratio have set the backdrop for possible outperformance in 2024.

Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally

Buckle

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Small dividend stocks are dirt cheap right now. I'm talking about stocks trading for less than one year's worth of sales.

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Over time, small-cap stocks far outperform their larger cousins. The two-decade period between 1999 and 2020 saw the Russell 2000 small-cap index more than triple in value compared to a 120% return by the S&P 500.

Top Small-Cap Picks: 3 Unstoppable Russell 2000 Stocks to Buy in November

Innovative Industrial Properties, Inc. (NYSE:IIPR ) Q3 2023 Earnings Conference Call November 2, 2023 1:00 PM ET Company Participants Brian Wolfe - General Counsel Alan Gold - Executive Chairman Paul Smithers - President and CEO David Smith - Chief Financial Officer Catherine Hastings - Chief Operating Officer Ben Regin - Chief Investment Officer Conference Call Participants Tom Catherwood - BTIG Scott Fortune - ROTH Capital Alexander Goldfarb - Piper Sandler Eric Des Lauriers - Craig-Hallum Capital Operator Good day. And welcome to the Innovative Industrial Properties Incorporated Third Quarter 2023 Earnings Call.

Innovative Industrial Properties, Inc. (IIPR) Q3 2023 Earnings Call Transcript

Chicago Atlantic Real Estate Finance

In 2023, the cannabis industry and marijuana stocks continue their remarkable growth trajectory, offering investors an enticing landscape of opportunities. As this burgeoning sector evolves, Cannabis Real Estate Investment Trusts (REITs) have emerged as a compelling avenue for investors seeking long-term stability and growth in their portfolios. In addition, these Cannabis REITs, which primarily focus on leasing properties to cannabis operators, have quickly established themselves as key players in this green revolution.

Investor's Guide: Top Cannabis REITs for November

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, 2023. Third Quarter 2023 and Subsequent Events Financial Results Generated total revenues of approximately $77.8 million in the quarter, representing a 10% increase from the prior year's quarter. Recorded net income attributabl.

Innovative Industrial Properties Reports Third Quarter 2023 Results

Abercrombie & Fitch

Salesforce

When it comes to picking stocks, sometimes it is a good idea for investors to look for and find companies that may not be in the spotlight and have a ton of investor interest at the moment. Try to find companies that are performing well, offer a promising outlook for the future and are less prevalent in hopes of being rewarded once the company does receive more traction.

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With the cannabis industry gaining prominence, Innovative Industrial's (IIPR) investments in such properties are likely to have aided its Q3 performance, though high expenses might have played a spoilsport.

Factors to Impact Innovative Industrial's (IIPR) Q3 Earnings

Global X Cannabis ETF

Cannabis stocks will eventually see higher highs — with patience. Right now, we're waiting to see if the Drug Enforcement Administration (DEA) takes the U.S. Department of Health and Human Services' (HHS) advice to remove cannabis as a Schedule I drug, which could boost related stocks.

3 Cannabis Stocks to Buy Before the Big Breakout

As the cannabis industry continues to grow more people are looking for ways to invest. Over the last several years legal cannabis has taken off in a major way. Almost the entire United States has established some form of a legal market. Most of these legal states are generating over a billion dollars in revenue. Not just that with the industry expanding it also offers several unique opportunities.

3 Marijuana Stock For Cannabis Real Estate Investing

Agree Realty

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The market appears to be treating all REITs the same: as debt-burdened alternatives to fixed income. But there is a wide world of diversity across the landscape of REITs, including on the balance sheet side. I highlight five REITs with balance sheets that are well-positioned to withstand high interest rates with almost no floating rate exposure or upcoming debt maturities.

5 REITs With No Near-Term Debt Maturities And Virtually No Floating Rate Debt

Digital Realty Trust

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Navigating the stock market's current turbulence, investors with an eye for stability could potentially find solace in real-estate-investment-trusts (REIT). This is a gem among income stock picks.

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Ares Capital

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Ares Capital offers strong business prospects and an ultra-high dividend yield. Enterprise Products Partners has increased its distribution for 25 consecutive years.

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Innovative Industrial Properties (IIPR) closed at $73.80 in the latest trading session, marking a -1.82% move from the prior day.

Innovative Industrial Properties (IIPR) Falls More Steeply Than Broader Market: What Investors Need to Know

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Dividend growth stocks provide cash flow to investors quarterly or, in some cases, monthly. When share prices are crashing due to a market sell-off, that can provide some comfort as cash continues to flow in.

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CareTrust REIT

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REITs are an exciting sector for investors. They offer exposure to the real estate market with little capital to purchase real estate properties.

News for Innovative Industrial Properties Stock (IIPR)