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Mar 31, 2022
IIPR Q1 2022 Earnings Report
IIP generated year-over-year growth in total revenues, net income, and AFFO.
Key Takeaways
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%.
Total revenues for Q1 2022 were approximately $64.5 million, a 50% increase compared to the same period in 2021.
Net income attributable to common stockholders was approximately $34.7 million, or $1.32 per diluted share.
AFFO was approximately $53.8 million, or $2.04 per diluted share.
IIP paid a quarterly dividend of $1.75 per common share on April 14, 2022, representing a 17% increase over the fourth quarter 2021 dividend.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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