Innovative Industrial Properties Inc reports results for the quarter ended in December - Earnings Summary

Innovative Industrial Properties

28/02/2023 01:08

* Innovative Industrial Properties Inc  IIPR.N  reported
quarterly
adjusted earnings of $1.46​​ per share for the quarter ended in
December. The mean expectation of five analysts for the quarter
was for earnings of $1.29 per share.
    * Revenue rose 19.5% to $70.46 million from a year ago;
analysts
expected $68.98 million. 
    * Innovative Industrial Properties Inc's reported EPS for
the
quarter was $1.46​.
    * The mean earnings estimate of analysts had fallen by
about 2.4%
in the last three months.​ 
    * In the last 30 days one analyst negatively revised an
earnings
estimate 
    * Innovative Industrial Properties Inc shares had fallen
by 19.0%
this quarter.
    * The company reported quarterly net income of $41.17
million.
    * Wall Street's median 12-month price target for Innovative
Industrial Properties Inc is $140.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 5 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
28 at 01:08 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      2.04           2.12           Beat
 Sep. 30 2022      2.04           2.13           Beat
 Jun. 30 2022      2.08           2.14           Beat
 Mar. 31 2022      1.98           2.04           Beat