Innovative Industrial Properties Reports First Quarter 2020 Results
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 8/24/2026
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Oil drops more than $2 despite new US sanctions on Iran
- UBS says bull market has further to run
- S&P 500 may pull back before midterms, but Citi says buy the dip
- Global yield relief evaporates as U.S. rates push back toward multi-decade peaks
- Wattmore and Eos Energy strike non-exclusive storage software deal
- S&P 500, Nasdaq end down on tech stocks, investors weigh Iran moves
- Grand Canyon Education places CFO on leave amid stock trade probe
- RUM Group signs $13.7 billion GPU services deal, issues warrants
- Funds sell $44bn in semiconductors on AI concerns
Innovative Industrial Properties, Inc. (IIPR) Misses Q1 EPS by 3c
May 6, 2020 6:19 PM EDTInnovative Industrial Properties, Inc. (NYSE: IIPR) reported Q1 EPS of $0.72, $0.03 worse than the analyst estimate of $0.75. Revenue for the quarter came in at $21.3 million versus the consensus estimate of $21.41 million.
First Quarter 2020 and Year-to-Date Highlights
Financial Results and Financing Activity
IIP generated total revenues of approximately $21.1 million in the quarter, representing a 210% increase from the prior years first quarter.IIP recorded net income available to common stockholders of approximately $11.5 million for the quarter, or $0.72 per diluted share, and adjusted funds from operations (AFFO) of approximately $17.8 million, or $1.12 per diluted share. Net... More