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Jun 30, 2020
IIPR Q2 2020 Earnings Report
Investments drove revenue, net income and AFFO growth year-over-year.
Key Takeaways
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.
Total revenues for Q2 2020 were approximately $24.3 million, an increase of 183% compared to Q2 2019.
Net income available to common stockholders was approximately $13.0 million, or $0.73 per diluted share.
Funds from Operations (FFO) reached approximately $19.7 million, or $1.12 per diluted share.
Adjusted Funds From Operations (AFFO) totaled approximately $21.0 million, or $1.19 per diluted share, a 263% increase from the prior year period.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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