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06.08.25 - 22:36
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Innovative Industrial Properties Reports Second Quarter 2025 Results (Business Wire)
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Repurchased $20 Million of Common Stock and Maintained Strong Liquidity Exceeding $190 MillionSAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2025.
Second Quarter 2025 Highlights
Financial Results and Dividend
Generated total revenues of $62.9 million and net income attributable to common stockholders of $25.1 million, or $0.86 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted).
Recorded adjusted funds from operations ("AFFO") and normalized funds from operations ("Normalized FFO") of $48.4 million and $44.1 million, respectively.
Paid a quarterly dividend of $1.90 per common share on July 15, 2025 to stockholders of record as of June 30, 2025. Since its inception, IIP has...
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01.08.25 - 13:00
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Innovative Industrial Properties Announces Second Quarter 2025 (Business Wire)
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Earnings Release Date and Conference CallSAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its second quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, August 6, 2025.
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 9:00 a.m. Pacific Time on Thursday, August 7, 2025, to discuss the company's financial results and operations for the quarter.
The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call. The complete webcast will be archived f...
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13.06.25 - 12:51
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Innovative Industrial Properties Declares Second Quarter 2025 Dividends (Business Wire)
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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, IIP has paid over $940 million in common stock dividends to its shareholders.
Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock.
The dividends are payable on July 15, 2025 to stockholders of record at the close of business on June 30, 2025.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties leased to ...
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07.05.25 - 22:36
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Innovative Industrial Properties Reports First Quarter 2025 Results (Business Wire)
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Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties
SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2025.
First Quarter 2025 and Year-to-Date Highlights
Financial Results and Dividend
Total revenues of $71.7 million for the quarter.
Net income attributable to common stockholders of $30.3 million for the quarter, or $1.03 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted).
AFFO of $55.3 million, or $1.94 per share.
Paid a quarterly dividend of $1.90 per common share on April 15, 2025 to stockholders of record as of March 31, 2025.
Three Months Ended March 31,
(Per share)
2025
2024
$ Change
% Change
Net income attributable to common stockholders
$
1.03
$
1.36
($0.3...
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