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Sep 30, 2024
IIPR Q3 2024 Earnings Report
IIP generated revenue and net income, while also declaring a dividend payment.
Key Takeaways
Innovative Industrial Properties (IIP) reported a decrease in total revenues to $76.5 million for the third quarter ended September 30, 2024, compared to $77.8 million for the same period in 2023. Net income attributable to common stockholders was $39.7 million, or $1.37 per share. The company paid a quarterly dividend of $1.90 per common share on October 15, 2024.
Total revenues for Q3 2024 were $76.5 million, a 1.7% decrease compared to Q3 2023.
Net income attributable to common stockholders for Q3 2024 was $39.7 million, or $1.37 per share.
FFO for Q3 2024 was $57.6 million, or $2.02 per share.
A quarterly dividend of $1.90 per common share was paid on October 15, 2024.
Forward Guidance
IIP provided forward-looking statements regarding their expectations, intentions, and plans, while also acknowledging the risks and uncertainties that could cause actual results to differ materially from those projected.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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