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Dec 31, 2023
IIPR Q4 2023 Earnings Report
IIP generated increased revenue and net income.
Key Takeaways
Innovative Industrial Properties reported a revenue increase of 12% for Q4 2023, reaching $79.2 million compared to $70.5 million in the same period of 2022. Net income attributable to common stockholders was approximately $41.3 million, or $1.45 per share. The company's AFFO payout ratio was 80%.
Total revenues increased by 12% to approximately $79.2 million.
Net income attributable to common stockholders was approximately $41.3 million, or $1.45 per share.
AFFO was approximately $64.3 million, or $2.28 per share.
A quarterly dividend of $1.82 per common share was paid on January 12, 2024.
Forward Guidance
No specific forward guidance was provided in the press release.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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