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Sep 30, 2021
IIPR Q3 2021 Earnings Report
Reported a 57% increase in total revenues year-over-year, driven by portfolio performance of 76 properties across 19 states.
Key Takeaways
Innovative Industrial Properties (IIP) announced its Q3 2021 results, showcasing a 57% increase in total revenues compared to the same period in 2020. The growth was primarily driven by the acquisition and leasing of new properties, along with contractual rental escalations and amendments.
Total revenues reached approximately $53.9 million, up from $34.3 million in Q3 2020.
Net income attributable to common stockholders was approximately $29.8 million, or $1.20 per diluted share.
Funds from operations (FFO) (diluted) totaled approximately $42.5 million, or $1.62 per diluted share.
Adjusted funds from operations (AFFO) reached approximately $45.0 million, or $1.71 per diluted share.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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