Revenue segments as reported by the company.

Rental (including tenant reimbursements)

Other revenue

Revenue Segments

Gross Profit, Operating Income, and Net Income as a percentage of Revenue

Operating Margin

Profit Margin

Margins

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

Property expenses

General and administrative

Depreciation expense

Gain on sale of real estate

Operating Expenses

Year over year growth in Revenue and Operating Expenses.

Revenue Y/Y

OpEx Y/Y

Growth

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.

Earnings data Q1 2021

Earnings data Q2 2021

Earnings data Q3 2021

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.

Revenue

Cost of revenue

Gross profit

Operating expenses

SG&A

Other

Operating income

EBITDA

Net income

Earnings per share

Total assets

Current assets

Cash & equivalents

Receivables

Inventory

Non-current assets

Net PPE

Intangibles

Total liabilities

Current liabilities

Short term debt

Income tax payable

Non-current liabilities

Long-term debt

Total equity

Stockholders equity

Minority interest

Total liabilities & equity

Total debt

Net debt

Book value per share

Cash from operations

Funds from operations

Change in working capital

Cash from investing

Capital expenditure

Purchase/sale of investments

Purchase/sale of business

Other sources

Cash from financing

Change in stock

Change in debt

Cash dividends paid

Cash from other sources

Net change in cash

Free cash flow

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.

Cronos Group

Green Thumb Industries Inc.

Investor sentiment behind cannabis stocks has swung wildly over the past several years. It always seems to be a case of weighing the opportunity for further legalization against the fundamental realities of the sector.

The Only 3 Cannabis Stocks Sensible Investors Are Buying

In the latest trading session, Innovative Industrial Properties (IIPR) closed at $98.69, marking a +0.06% move from the previous day.

Innovative Industrial Properties (IIPR) Outperforms Broader Market: What You Need to Know

NewLake Capital Partners, Inc.

Chicago Atlantic Real Estate Finance

As April 2024 approaches, several top marijuana stocks are catching the eyes of savvy investors. The U.S. cannabis industry continues to expand dynamically. In recent years, legal sales have grown substantially. According to a New Frontier Data report, the industry's national legal sales will climb to over $30 billion by 2025. Increasing legalization movements bolster this growth trajectory. Recent headlines highlight New York and New Jersey's steps toward creating a more robust legal market. These developments significantly enhance the sector's potential.

April 2024's Top Cannabis REITs for High Dividend Yields

Ardmore Shipping

Conagra Brands

FirstEnergy

Kinder Morgan

Coca-Cola

ONEOK

Prudential Financial

Tyson Foods

Recent market downturn due to inflation, high rates, geopolitics, and commodity costs presents dividend stock buying opportunities for higher yields, growth stability, and an inflation hedge. Dividend payments worldwide and in the U.S. hit all-time highs in 2023, a year that ended with record levels of cash on corporate balance sheets. Using SA's Dividend Scorecard, the Quant Team picked 10 stocks with average forward yields ranging from 3.22% to 9.29% and consecutive payouts of up to 61 years.

Dive Into Dividends: Top 10 Yield Stocks (SA Quant)

Aurora Cannabis

Trulieve Cannabis Corp.

Cannabis stocks may be some of the most controversial investment ideas. But they are also turning out to be one of the most profitable.

Want More Green? Buy These 3 Red-Hot Cannabis Stocks Today.

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 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 Thursday,.

Innovative Industrial Properties to Report 2024 First Quarter Results

Canopy Growth

IM Cannabis Corp

The progress toward legalization of cannabis in the United States continues at a slow pace, but medical marijuana is now permitted in approximately 37 states. Germany recently became the latest country to legalize cannabis for personal use beginning in April, coinciding with the informal holiday of 4/20.

Puff, Puff, Invest: 3 Top Cannabis Stock Picks to Celebrate 4/20

B&M European Value Retail SA

Dollar General

Globe Life Inc

JD.com

Volkswagen AG

Dividend stocks are your best friend if you're looking to compound your money safely without worrying about the massive downside risk that often comes with buying into high-flying tech or growth stocks. However, not all dividend payers are boring old companies with no potential for capital appreciation.

7 Top Dividend Stocks Set for 200%+ Gains by 2028

Innovative Industrial Properties (IIPR) closed at $93.62 in the latest trading session, marking a -0.92% move from the prior day.

Why Innovative Industrial Properties (IIPR) Dipped More Than Broader Market Today

Evergy Inc

Kimco Realty

LyondellBasell Industries

Dividend growth stocks can provide reliable cash flows and help to build long-term wealth for income investors. Every month, we look at screening dividend stocks based on safety, growth, and consistency, which can help identify worthwhile investments. We look at a list of 25 of the top yielding based on these metrics, then take a quick look at the 5 of these top positions.

April's 5 Dividend Growth Stocks With 4.67%+ Yields

British American Tobacco

Oaktree Specialty Lending

Smart investors always search for underutilized prospects with room to expand and provide stability. Here, you'll find three of these undiscovered gems.

Hidden High-Yielders: 3 Dividend Stocks Everyone's Overlooking

AFC Gamma

Cannabis real estate investment trusts (REIT) could see higher highs on a few key catalysts.  For one, hedge fund manager Dougie Kass of Seabreeze Capital recently said the Food and Drug Administration (FDA) would soon reschedule cannabis to a less restrictive category.

Dank Dividends: 3 Cannabis REITs Offering High Yields

Tilray Brands

Cannabis stocks are buzzing with optimism on the back of widespread positive updates. Germany recently legalized pot for recreational use, while Canada is rethinking cannabis taxes.

3 Pot Stocks That Could Make You a Cannabis Millionaire

Cannabis REITs initially experienced price gains but have since seen a decline in favor due to inflation and economic challenges.

The Cannabis REIT Conundrum

In the closing of the recent trading day, Innovative Industrial Properties (IIPR) stood at $98.98, denoting a +1.22% change from the preceding trading day.

Innovative Industrial Properties (IIPR) Exceeds Market Returns: Some Facts to Consider

Agree Realty

Alexandria Real Estate Equities

Crown Castle International

Camden Property

Modiv

iStar Inc

Vici Properties

Vanguard Real Estate ETF

Whitestone REIT

REITs are offering a rare opportunity in 2024. Valuations are historically low and offer significant upside potential. Here are 10 REITs that deserve a "Buy" rating.

10 Top REITs To Buy In 2024

Innovative Industrial Properties is a cannabis REIT with over 100 properties in license-limited states, offering reduced competition and lower risk. IIPR trades at a discounted valuation with a 7%+ dividend yield and potential upside from upcoming bullish catalysts. The expected rescheduling of cannabis and changes to banking regulations could significantly benefit IIPR's tenants and lead to a re-rating of the stock.

Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts

Turning Point Brands

Slowly but surely, whispers and rumors of widespread cannabis legalization are swirling to the surface. Though cannabis stocks' last big run, in the late 2010s, far eclipses today's market and per-share pricing, we're gradually seeing top cannabis stocks to buy tick upward.

3 Cannabis Stocks on the Brink of a Massive Breakout

Medical Properties Trust

Vornado Realty Trust

Are real estate stocks heading for a tumble? Increasingly, short sellers are betting that real estate is in for a difficult time in 2024 and beyond.

3 Real Estate Stocks Short Sellers Are Betting Will Come Tumbling Down

Hannon Armstrong Sustainable Infrastructure Capital

Opera Ltd - ADR

Dividend stocks are some of the most attractive investments for us investors. Not only do they provide stability during volatile markets, but they also put cash directly into our pockets on a quarterly basis.

3 Dividend Growth Stocks With Multibagger Upside

CTO Realty Growth

Invitation Homes

Gladstone Land

National Health Investors

Park Hotels & Resorts

If you are looking for a list of the most undervalued REITs to buy in April, then you have come to the right place. This article explores several real estate investment trusts (REITs) that appear attractively priced given the current economic environment of falling interest rates.

The 7 Most Undervalued REITs to Buy in April 2024

Cannabis may be one of the most controversial investments. But it may also prove to be one of the most profitable this year for related cannabis stocks.

The 3 Best Cannabis Stocks to Buy in April 2024

Innovative Industrial Properties remains one of the most undervalued REITs. Innovative Industrial Properties has outperformed cannabis operators due to its landlord status and strong cash flow generation. The possibility of cannabis rescheduling on the Federal level could improve tenant credit quality and lead to a higher stock valuation.

Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst

The U.S. cannabis industry is witnessing remarkable growth. With legalization expanding, projections are bullish. Sales may reach $30 billion by 2025. This surge underpins the potential of Cannabis Real Estate Investment Trusts (REITs). These entities own or finance income-producing real estate, specifically in the cannabis sector. They offer investors exposure to this booming market. Plus, they provide dividends from rental income. This week, certain Cannabis REITs stand out. They're noteworthy for their strategic acquisitions and robust financial health. Investors and analysts are keeping a close eye. These REITs might redefine industry benchmarks. They're becoming essential in portfolios. Their performance could signal broader industry trends.

April's Harvest: Top Cannabis REITs for Long-Term Growth

Alliance Resource Partners

Pfizer

Dividend stocks have more than doubled up the average annual return of non-payers over the last 50 years. Though higher-yield stocks come with added risks, a number of amazing income producers can be uncovered with proper vetting.

News for Innovative Industrial Properties Stock (IIPR)