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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

Market Cap

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.

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Earnings data Q1 2023

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Earnings data Q1 2024

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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.

Advance Auto Parts

JinkoSolar Holding

Insulet

With markets remaining choppy and sentiment still cautious, many quality stocks are trading at tempting valuations. Recent indiscriminate selling has knocked down the valuations of profitable, growing companies to levels that don't accurately reflect their long-term potential.

The 7 Most Undervalued Stocks in the Market Right Now: September 2023

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 2023 dividend of $1.80 per share of common stock. The common stock dividends declared for the last twelve months of $7.20 per common share represent an increase of $0.40, or 6%, over dividends declared for the prior twel.

Innovative Industrial Properties Declares Third Quarter 2023 Dividends

AFC Gamma

NewLake Capital Partners, Inc.

The cannabis sector in the United States is booming as the third quarter of 2023 draws to a close. Investors increasingly turn to top Cannabis Real Estate Investment Trusts (REITs) as a stable avenue for capitalizing on this growth. In general, these REITs focus on owning and managing properties leased to cannabis businesses, making them attractive to long-term investors. With the cannabis industry's expansion and growing acceptance, these REITs offer dependable dividends and a smart choice for those looking to profit from its upward trend.

Top Cannabis REITs: September 2023's Standout Performers

Power REIT

Marijuana stock investors have seen some nice trading over the last several days. During this short week, there has been an increase in momentum. Now the reason for this upward push was becuase of news regarding cannabis reform. Over the last year or so the biggest catalyst has been progressive news on laws surrounding legal cannabis. Mainly federal reform although this area of reform has been the biggest hurdle.

3 Marijuana Stocks to Watch For Cannabis Real Estate Investing

Green Thumb Industries Inc.

Innovative Industrial Properties has raised its dividend by 1,100% since it began paying one. NewLake Capital Partners' dividend yield is around 10.8%.

3 Top Pot Stocks to Watch in September

Alliance Resource Partners

Verizon

When examined over many decades, dividend stocks have meaningfully outperformed public companies that don't offer a payout. Three supercharged income stocks, with yields ranging from 7.6% to 14.2%, have the sustained catalysts necessary to deliver for their long-term shareholders.

Want $1,000 in Super Safe Annual Dividend Income? Invest $9,950 Into the Following 3 Ultra-High-Yield Stocks

Aurora Cannabis

Canopy Growth

Cronos Group

Curaleaf Holdings, Inc.

Chicago Atlantic Real Estate Finance

SNDL Inc.

Constellation Brands

Tilray Brands

Curaleaf Holdings Inc. OTCMKTS: CURLF,  Innovative Industrial Properties Inc. NYSE: IIPR and Tilray Inc. NASDAQ: TLRY were among cannabis stocks jumping higher after the Department of Health and Human Services recommended that marijuana no longer be classified as a Schedule 1 drug.

Will This New Development Mean A Big Rally In Cannabis Stocks?

Enterprise Products Partners

AT&T

Dividend stocks are almost always profitable and time-tested, which is what allows them to handily outperform nonpayers over long periods. Though there are plenty of income stocks for investors to choose from, the list of supercharged, reliable dividend stocks is quite short.

3 Reliable Ultra-High-Yield Dividend Stocks That Are No-Brainer Buys in September

Comcast

RMR Group

Pursuing stable income streams is a quest that never loses its allure. As markets evolve, investors seek more than just financial security from stocks.

3 Must-Have Dividend Stocks to Increase Your Income Stream

Similar to MPW, IIPR continues to face headwinds, thanks to its tenants' cash flow issues and tightened capital funding as the macroeconomic outlook remains uncertain. Investors must note that while IIPR reports 98% of rental collection in H1'23, $3.1M of security deposits have been applied for the leases with Parallel and Kings Garden. This is on top of the temporal reduction of Temescal Wellness' base rent, with part of the security deposits applied through January 2024.

Innovative Industrial Properties: Is It A Falling Knife Here?

Opendoor

Compass

Economic data releases convinced investors that inflation was cooling and that monetary policy would ease. Innovative Industrial Properties gained on signs that marijuana could be reclassified at the federal level.

Why Opendoor, Innovative Industrial Properties, and Compass Stocks Jumped This Week

Amplify Alternative Harvest ETF

Roundhill Cannabis ETF

When it comes to marijuana, a significant disconnect exists between the US government and the American people. Stock Strategist Andrew Rocco explains why the worst may be over for marijuana investors.

Time to Get High on Pot Stocks? (3 Catalysts)

Innovative Industrial Properties owns marijuana growing facilities. The pot sector is going through a shakeout after a rapid growth phase.

How Big Are Innovative Industrial's Customer Problems Today?

After reaching an important support level, Innovative Industrial Properties (IIPR) could be a good stock pick from a technical perspective. IIPR surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.

Innovative Industrial Properties (IIPR) Just Overtook the 20-Day Moving Average

After reaching an important support level, Innovative Industrial Properties (IIPR) could be a good stock pick from a technical perspective. IIPR surpassed resistance at the 200-day moving average, suggesting a long-term bullish trend.

Innovative Industrial Properties (IIPR) Recently Broke Out Above the 200-Day Moving Average

The U.S. government appears finally to be ready to review its categorization of marijuana as a dangerous drug, reviving hope among investors and marijuana producers for an industry that took off like a rocket five years ago before sinking like a rock less than two years later.

Will a Change to US Marijuana Policy Save Any of the Weed Companies?

Are you looking for the best marijuana stocks to invest in for the long term? Overall, the cannabis sector has emerged as a significant force in recent years, increasing possibilities and financial opportunities. In general, Cannabis Real Estate Investment Trusts, or Cannabis REITs, are an innovative financial vehicle that has captured the attention of investors and intrigued the interest of Wall Street and Main Street alike.

Cannabis REIT Spotlight: Top Picks for September 2023 Investment

American Eagle Outfitters

York Water

The past year hasn't been very kind to small-cap stocks. Where their larger brethren, as measured by the S&P 500, are up 5% for the 12-month period, the small-cap Russell 2000 index lost 5%.

3 Unstoppable Russell 2000 Stocks to Buy in September

Agree Realty

Alexandria Real Estate Equities

Boston Properties

Camden Property

Mid-America Apartment Communities

Medical Properties Trust

Annaly Capital

Realty Income Corp

Prologis

Rexford Industrial Realty

SL Green Realty

REIT stocks have not performed well this year, but the quality of the management team is an important factor in determining the success of a REIT. Examples of REITs with strong management teams include Realty Income, Prologis, Alexandria Real Estate, Rexford Industrial, Mid-America Apartment, and Camden Property Trust. These REITs have experienced positive AFFO growth and have strong balance sheets, making them attractive investment opportunities.

Never Forget: REITs Own Property Run By People

Investing in cannabis stocks has seen a series of mistakes, including underestimating growth deceleration and overestimating synergies from M&A. Alan Brochstein and Julian Lin on why companies in the cannabis industry should be more aggressive in paying down debt to mitigate risk.

Cannabis Investing With Alan Brochstein & Julian Lin - REITs And Canadian LPs Over MSOs

Apple Hospitality REIT

Crown Castle International

Claros Mortgage Trust

Equinix

Highwoods Properties

Invitation Homes

Kimco Realty

Lamar Advertising

National Storage Affiliates Trust

Rithm Capital Corp

Simon Property Group

Sun Communities

Vici Properties

W. P. Carey

Weyerhaeuser

REIT valuations are down and yields are up, making them attractive to income investors again. The article suggests a diversified REIT portfolio for beginners, with one REIT from each sector, to form a REIT fantasy football team. Different types of REITs serve different roles, including stable income, growth potential, and niche opportunities.

REIT Fantasy Football: 11 Companies For Your Starting Lineup

Innovative Industrial Properties (IIPR) allows investors to participate in the booming cannabis market while receiving regular income through dividends. IIPR buys properties and leases them to cannabis businesses, providing a safe investment option for those interested in the cannabis industry. IIPR's preferred shares offer a 9% return and are cumulative, ensuring investors receive their payments even if they are not made in a given year.

Starting Small With Cannabis The Innovative Industrial Way

News for Innovative Industrial Properties Stock (IIPR)