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Mar 31, 2023
IIPR Q1 2023 Earnings Report
IIP's Q1 2023 financial performance was marked by increased revenue and net income.
Key Takeaways
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.
Total revenues increased by 18% year-over-year, reaching $76.1 million.
Net income attributable to common stockholders was $40.8 million, or $1.43 per diluted share.
AFFO reached $63.4 million, or $2.25 per diluted share.
Quarterly dividend of $1.80 per common share was paid, representing an annualized dividend of $7.20 per share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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