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

Innovative Industrial Properties

05/05/2022 21:47

* Innovative Industrial Properties Inc  IIPR.N  reported
quarterly
adjusted earnings of $1.32​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for earnings of $1.36 per share.
    * Revenue rose 50.4% to $64.50 million from a year ago; 
analysts
expected $63.19 million. 
    * Innovative Industrial Properties Inc's reported EPS for
the
quarter was $1.32​.
    * The mean earnings estimate of analysts had fallen by
about 0.3%
in the last three months.​ 
    * In the last 30 days two analysts negatively revised
earnings
estimates 
    * Innovative Industrial Properties Inc shares had fallen
by 27.6%
this quarter and lost 43.4% so far this year.
    * The company reported quarterly net income of $34.71
million.
    * Wall Street's median 12-month price target for Innovative
Industrial Properties Inc is $250.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 6 "strong buy" or "buy," 2
"hold" and no "sell" or "strong sell." 

This summary was machine generated May 5 at 08:47 p.m.  ​All
figures in US dollars unless otherwise stated