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Sep 30, 2020
IIPR Q3 2020 Earnings Report
Reported a significant increase in revenues and net income due to strategic investments and property acquisitions.
Key Takeaways
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%.
Total revenues increased by 197% compared to the same period in 2019, reaching $34.3 million.
Net income available to common stockholders was $18.9 million, or $0.86 per diluted share.
IIP owned 63 properties across 16 states, with a 99.3% lease rate based on square footage.
The company invested approximately $908.4 million in the aggregate (excluding transaction costs).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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