Published on 23 Feb 2024 on Zacks via Yahoo Finance
Factors to Impact Innovative Industrial's (IIPR) Q4 Earnings
Innovative Industrial Properties, Inc. IIPR, a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities, is set to announce its fourth-quarter and full-year 2023 results on Feb 26 after market close.In the last reported quarter, Innovative Industrial delivered a surprise of 4.57% in terms of adjusted funds from operations (FFO) per share. Results reflected better-than-expected revenues.Over the last four quarters, IIPR’s adjusted FFO per share surpassed the consensus mark on all occasions, with the average beat being 7.67%. The graph below depicts the surprise history of the company:Innovative Industrial has grabbed much attention in the past as it combines the high growth potential of the cannabis industry with the stability of the real estate market. In this article, we'll delve into IIPR's performance in recent quarters and analyze the factors that may have contributed to its fourth-quarter and full-year 2023 results.
Innovative Industrial Properties, Inc. Price and EPS Surprise
