Q4 2025 revenue and net income declined versus the prior year period, primarily driven by lower rental revenue and tenant reimbursements related to tenant defaults. The company reported AFFO of $53333000 and continued executing new leases and financing actions.

Innovative Industrial Properties posted lower revenues and net income in Q3 2025 due to tenant defaults but made a notable diversification move with a $270M investment in a life sciences platform.

Innovative Industrial Properties (IIP) reported a decrease in total revenues to $71.7 million in Q1 2025 from $75.5 million in Q1 2024, primarily due to tenant defaults. Net income attributable to common stockholders also decreased to $30.3 million, or $1.03 per share. Despite these challenges, the company maintained strong liquidity and continued its portfolio management activities, including new leases and property sales.

Innovative Industrial Properties (IIPR) reported Q4 2024 revenue of $76.7 million, a 3% decrease year-over-year. Net income attributable to common stockholders declined to $39.5 million, with diluted EPS of $1.36. Adjusted Funds from Operations (AFFO) came in at $63.4 million, or $2.22 per share, down 3% year-over-year. The company also reported increased liquidity, expanding its revolving credit facility to $87.5 million.

Innovative Industrial Properties (IIP) reported a decrease in total revenues to $76.5 million for the third quarter ended September 30, 2024, compared to $77.8 million for the same period in 2023. Net income attributable to common stockholders was $39.7 million, or $1.37 per share. The company paid a quarterly dividend of $1.90 per common share on October 15, 2024.

Innovative Industrial Properties (IIP) reported a revenue increase of 4% to $79.8 million for Q2 2024, driven by a lease termination fee and contractual rent increases. Net income attributable to common stockholders was $41.7 million, or $1.44 per share. The company's AFFO was $65.5 million, or $2.29 per share, and it increased its quarterly dividend by 4.4% to $1.90 per share.

Innovative Industrial Properties (IIP) announced its first quarter 2024 results, with total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million, or $1.36 per share.

Innovative Industrial Properties reported a revenue increase of 12% for Q4 2023, reaching $79.2 million compared to $70.5 million in the same period of 2022. Net income attributable to common stockholders was approximately $41.3 million, or $1.45 per share. The company's AFFO payout ratio was 80%.

Innovative Industrial Properties reported total revenues of $77.8 million, a 10% increase compared to the same period in 2022. Net income attributable to common stockholders was $41.3 million, or $1.45 per share. The company's AFFO was $64.8 million, or $2.29 per share. A quarterly dividend of $1.80 per common share was paid on October 13, 2023.

Innovative Industrial Properties (IIP) announced its Q2 2023 financial results, reporting an increase in total revenues to $76.5 million compared to $70.5 million in the same period of 2022. Net income attributable to common stockholders was approximately $40.9 million, or $1.44 per diluted share. The company paid a quarterly dividend of $1.80 per common share on July 14, 2023.

Innovative Industrial Properties (IIP) reported an 18% increase in total revenues, reaching $76.1 million for the first quarter ended March 31, 2023, compared to $64.5 million for the same period in 2022. Net income attributable to common stockholders was approximately $40.8 million, or $1.43 per diluted share. AFFO was approximately $63.4 million, or $2.25 per diluted share. The company paid a quarterly dividend of $1.80 per common share, equating to an annualized dividend of $7.20 per share.

Innovative Industrial Properties, Inc. (IIP) reported its Q4 and full-year 2022 results. The company's total revenues for Q4 2022 were approximately $70.5 million, a 20% increase compared to the same period in 2021. Net income attributable to common stockholders was approximately $41.2 million, or $1.46 per diluted share. AFFO was approximately $59.6 million, or $2.12 per diluted share.

Innovative Industrial Properties (IIP) reported a 32% increase in total revenues for the third quarter of 2022, reaching $70.9 million compared to $53.9 million in the same period of 2021. Net income attributable to common stockholders was approximately $37.3 million, or $1.32 per diluted share. The company's growth was primarily driven by the acquisition and leasing of new properties, infrastructure allowances to tenants, and contractual rental escalations.

Innovative Industrial Properties (IIP) announced its Q2 2022 financial results, reporting a revenue increase of 44% to $70.5 million compared to Q2 2021. The company's net income attributable to common stockholders was $39.9 million, or $1.42 per diluted share, and AFFO reached $60.1 million, or $2.14 per diluted share. IIP completed an underwritten public offering of common stock, generating net proceeds of approximately $330.9 million.

Innovative Industrial Properties (IIP) reported its Q1 2022 results, demonstrating strong financial performance. Total revenues increased by 50% year-over-year, net income grew by 36%, and AFFO increased by 40%.

Innovative Industrial Properties (IIP) reported a strong fourth quarter and full year 2021, marked by significant growth in revenues and net income. The company's strategic investments in new properties and improvements at existing locations, coupled with contractual rental escalations, were key drivers of this financial performance.

Innovative Industrial Properties (IIP) announced its Q3 2021 results, showcasing a 57% increase in total revenues compared to the same period in 2020. The growth was primarily driven by the acquisition and leasing of new properties, along with contractual rental escalations and amendments.

Innovative Industrial Properties (IIP) announced strong second-quarter results, marked by a 101% increase in total revenues, a 124% increase in net income, and a 104% increase in AFFO compared to the same period in 2020. This growth was primarily driven by the acquisition and leasing of new properties, along with contractual rental escalations. As of August 4, 2021, IIP's portfolio included 73 properties across 18 states, fully leased with a long weighted-average remaining lease term.

Innovative Industrial Properties (IIP) announced strong first-quarter results, with a 103% increase in total revenues, a 122% increase in net income, and a 116% increase in AFFO, driven by strategic acquisitions and portfolio performance.

Innovative Industrial Properties (IIP) announced its Q4 and full-year 2020 results, showcasing substantial year-over-year growth. Total revenues increased by 110% for the quarter and 162% for the year, driven by strategic acquisitions and leasing of new properties. Net income attributable to common stockholders was $21.0 million ($0.91 per diluted share) for the quarter and $64.4 million ($3.27 per diluted share) for the year.

Innovative Industrial Properties (IIP) announced strong Q3 2020 results, driven by strategic investments and property acquisitions. Total revenues increased by 197% year-over-year, and net income saw a substantial rise of 205%.

Innovative Industrial Properties (IIP) reported strong second-quarter results, driven by strategic investments. Total revenues increased by 183%, net income rose by 322%, and AFFO grew by 263% compared to the same period in the previous year.

Innovative Industrial Properties (IIP) reported a significant increase in total revenues, net income, and AFFO for the first quarter of 2020. Total revenues increased by 210% year-over-year, driven by the acquisition and leasing of new properties and contractual rental escalations. Net income available to common stockholders was approximately $11.5 million, and AFFO increased by 236% from the prior year period.

Innovative Industrial Properties (IIP) reported a substantial increase in revenue and net income for the fourth quarter of 2019. Revenue increased by 269% year-over-year, driven by the acquisition and leasing of new properties. Net income also saw a significant increase, reflecting the company's growth in the regulated cannabis industry.