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Jun 30, 2024
IIPR Q2 2024 Earnings Report
IIP generated increased revenue and maintained a strong dividend payout ratio.
Key Takeaways
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.
Total revenues increased by 4% to $79.8 million compared to the same period in 2023.
Net income attributable to common stockholders was $41.7 million, or $1.44 per share.
AFFO reached $65.5 million, or $2.29 per share.
Quarterly dividend increased by 4.4% to $1.90 per common share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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