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

Innovative Industrial Properties

09/05/2023 24:14

* Innovative Industrial Properties Inc  IIPR.N  reported
quarterly
adjusted earnings of $1.43​​ per share for the quarter ended in
March. The mean expectation of five analysts for the quarter was
for earnings of $1.31 per share.
    * Revenue rose 17.9% to $76.07 million from a year ago;
analysts
expected $70.55 million. 
    * Innovative Industrial Properties Inc's reported EPS for
the
quarter was $1.43​.
    * The mean earnings estimate of analysts had fallen by
about 1.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * Innovative Industrial Properties Inc shares had fallen
by 8.7%
this quarter and lost 31.6% so far this year.
    * The company reported quarterly net income of $40.75
million.
    * Wall Street's median 12-month price target for Innovative
Industrial Properties Inc is $125.00 
    * 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 LSEG Refinitiv data May
8 at 11:13 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      2.00           2.25           Beat
 Dec. 31 2022      2.04           2.12           Beat
 Sep. 30 2022      2.04           2.13           Beat
 Jun. 30 2022      2.08           2.14           Beat