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An operating expense is an expense a business incurs through its normal business operations. Often abbreviated as OPEX.

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Shares outstanding refer to a company's stock currently held by all its shareholders, including share blocks held by institutional investors and restricted shares owned by the company's officers and insiders.

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Also known as Price/Sales Ratio. Calculated using Average market cap for the quarter / Annualized quarterly revenue.

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Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

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Innovative Industrial Properties (IIPR) reports robust 2022 performance amidst industry challenges

Innovative Industrial Properties (IIPR) navigated challenges in the regulated cannabis industry while reporting strong financial performance in 2022. The company remains focused on re-leasing properties, collecting rents, and strategically deploying capital. Despite market dynamics and tenant issues, IIPR is optimistic about long-term industry growth.

Innovative Industrial Properties reports strong Q1 performance amidst industry challenges

IIPR's Q1 performance reflects resilience amidst challenges in the cannabis industry.
Maintaining strong credit metrics and cautious approach to tenant struggles and regulatory changes.
Opportunities in state-specific programs and potential federal legislation support growth outlook.
Focus on strong tenants and industry growth while ensuring shareholder compensation.

Innovative Industrial Properties reports robust Q2 performance amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial results, showcasing resilience and growth potential amidst industry challenges and economic uncertainties.
The company's strategic focus on tenant monitoring, market adaptability, and team quality positions it well for future growth and expansion.
Despite facing tenant defaults and market uncertainties, IIPR remains optimistic about the cannabis industry, emphasizing financial stability, and growth opportunities in new states.

Innovative Industrial Properties (IIPR) reports robust Q3 earnings amidst industry challenges

Innovative Industrial Properties (IIPR) delivered strong financial performance in Q3 2023, supported by robust revenues and diligent rent collection.
Despite facing challenges in the regulated cannabis industry and market dynamics, IIPR's proactive approach and strong balance sheet position it for long-term success.
Opportunities in addressing industry challenges and leveraging growth prospects underscore IIPR's strategic resilience and commitment to value creation.
Management's optimism and strategic focus on operational efficiency and market opportunities bode well for IIPR's future performance and shareholder value.

Innovative Industrial Properties reports strong Q4 performance and growth outlook

Innovative Industrial Properties (IIPR) delivered robust financial results, showcasing growth, profitability, and operational efficiency in Q4 2023.
Despite challenges in revenue timing uncertainties and market dynamics, IIP's strengths in financial stability, diversified portfolio, and product quality position it well for future growth.
Opportunities lie in expanding the property portfolio, leveraging indoor product advantages, and exploring growth avenues in tenant operations and industry trends for sustained success.

Innovative Industrial Properties reports stable Q1 performance amidst industry challenges

Innovative Industrial Properties delivered stable financial performance in Q1, focusing on operational expansion and maintaining a strong balance sheet.
The company faces challenges from market dynamics and regulatory uncertainties but is well-positioned to capitalize on growth opportunities.
With a strategic approach to leasing, investments, and portfolio management, the company navigates industry challenges while seeking operational efficiencies.
Analyst inquiries highlighted the company's resilience, potential impacts of legislative changes, and the importance of addressing market dynamics.

Innovative Industrial Properties reports robust Q2 earnings amidst market expansion

Innovative Industrial Properties (IIPR) delivered a strong Q2 performance with solid financial results and strategic growth initiatives.
Despite regulatory uncertainties, IIPR's financial stability, diversified portfolio, and growth prospects position it well for future success.
The company's focus on market expansion, operational efficiency, and prudent investments underscores its resilience and potential for sustained growth.

Innovative Industrial Properties (IIPR) excels in Q3 amidst industry challenges

Innovative Industrial Properties (IIPR) delivers a solid Q3 performance, showcasing financial stability and strategic positioning in a challenging industry. The company's strong liquidity, low leverage, and diversified portfolio set a solid foundation for future growth and investment opportunities amidst evolving market dynamics.

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Innovative Industrial Properties, Inc. is a real estate investment trust, which engages in the acquisition, ownership, and management of industrial properties. It operates through the following geographical segments: Arizona, California, Colorado, Florida, Illinois, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Nevada, New Jersey, New York, North Dakota, Ohio, Pennsylvania, Texas, Virginia, and Washington. The firm's property portfolio includes PharmaCann, Inc., SH Parent, Inc., Ascend Wellness Holdings, Inc., Cresco Labs Inc., and Kings Garden Inc. The company was founded by Alan D. Gold, Gary A. Kreitzer and Paul E. Smithers on June 15, 2016 and is headquartered in Park City, UT.

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Generated total revenues of approximately $309.5 million, representing an increase of 12% over 2022. Recorded net income attributable to common stockholders of approximately $164.2 million, or $5.7.

Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2023 Results

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With the cannabis industry gaining prominence, Innovative Industrial's (IIPR) investments in such properties are likely to have aided its Q4 performance, though high expenses might have played a spoilsport.

Factors to Impact Innovative Industrial's (IIPR) Q4 Earnings

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In the most recent trading session, Innovative Industrial Properties (IIPR) closed at $89.75, indicating a +1.05% shift from the previous trading day.

Innovative Industrial Properties (IIPR) Rises Higher Than Market: Key Facts

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Top marijuana stocks Cannabis Real Estate Investment Trusts (REITs) are gaining attention in the investment community. They offer a unique entry point into the burgeoning cannabis industry. Additionally, by focusing on the real estate aspect, they provide investors exposure without direct involvement in cultivation or sales. This week, several top Cannabis REITs are on investors' watchlists. In general, they're known for stable dividends and growth potential. Their performance is closely tied to the expanding legal cannabis market in the U.S.

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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2023 after the market closes on Monday, February 26, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific T.

Innovative Industrial Properties to Report 2023 Fourth Quarter and Year-End Results

The latest trading day saw Innovative Industrial Properties (IIPR) settling at $89.96, representing a -0.8% change from its previous close.

Innovative Industrial Properties (IIPR) Stock Declines While Market Improves: Some Information for Investors

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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2023 distributions as follows: Security Description: Common Stock CUSIP: 45781V101 Ticker Symbol: IIPR   Record Date   Payable Date Total Distribution Per Share   Allocable to 2023 Taxable Ordinary Dividend   Return of Capital   Long-Term Capital Gain Unrecaptured Section 1250 Gain(1) Section 199A Dividend(2) 12/30/2022 01/13/2023 $1.800000 $1.470000 $1.470000 $0.000000.

Innovative Industrial Properties Announces Tax Treatment of 2023 Distributions

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Innovative Industrial Properties is a REIT with a dividend yield of nearly 8% and a unique business model in the cannabis industry. The company's financials are in good shape, with low debt levels and consistent historical earnings growth. While revenue growth has slowed due to tenant troubles, we think IIPR is in the process of righting the ship.

Innovative Industrial Properties: Dividend Safety Assessed

Cannabis REIT Innovative Industrial Properties owns a portfolio of 108 properties, primarily industrial cultivation facilities, with long-term leases to major cannabis players. The REIT has faced tenant delinquencies but has taken actions to regain possession of foreclosed assets and has reached solid rent collections of 97%. Legislative catalysts, such as the potential rescheduling of cannabis and the passing of the SAFE Banking bill, could benefit IIPR's tenants and contribute to healthier rent coverage.

Innovative Industrial Properties: I'm Buying This 7.7% Dividend Yield

Innovative Industrial Properties (IIPR) reachead $91.72 at the closing of the latest trading day, reflecting a -0.1% change compared to its last close.

Innovative Industrial Properties (IIPR) Stock Falls Amid Market Uptick: What Investors Need to Know

IIPR and NLCP both offer compelling dividend yields from US cannabis properties of 7.9% and 9.8% respectively. NLCP is cheaper as it is currently changing hands for an 8.8x price to annualized AFFO multiple albeit with a 5% year-over-year dip in revenue due to tenant issues. IIPR offers 126% dividend coverage versus 118% for NLCP with both cannabis REITs having debt-to-equity ratios that are materially lower than other equity REITs.

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News for Innovative Industrial Properties Stock (IIPR)