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Innovative Industrial Properties (IIPR)
NYSE:IIPR
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
1.21Last Year’s EPS
1.36Same Quarter Last Year
Based on 6 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Feb 19, 2025
|% Change Since: -11.34%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a company that is effectively managing its operations and investments despite facing industry-wide challenges. While the company has shown strong financial performance and strategic growth, there are notable concerns regarding tenant stability and regulatory uncertainties. The sentiment leans towards cautious optimism due to strong liquidity and strategic positioning, but tenant and market challenges cannot be overlooked.Company Guidance
During the Fourth Quarter 2024 Earnings Call, Innovative Industrial Properties Inc. provided detailed guidance on various financial metrics and strategic initiatives. The company reported generating over $255 million in cash flow from operations and distributed more than $210 million to shareholders through dividends. They deployed over $70 million in capital for property acquisitions and improvements, and executed new leases covering 530,000 square feet, representing 6% of their portfolio. Total revenues for the year were $308.5 million, with an AFFO of $256.1 million. Their credit facility was upsized to $87.5 million, enhancing liquidity, which exceeded $235 million by year-end. The company's debt to total gross assets ratio was notably low at 11%, reflecting a strong balance sheet. The management expressed optimism about navigating industry headwinds and highlighted growth prospects within the regulated cannabis industry, projecting a 10% increase in sales for 2025.Strong Cash Flow and Dividends
Generated over $255 million of cash flow from operations and returned over $210 million to shareholders through dividends, continuing the track record of increasing annual dividends since inception in 2016.
Strategic Investments and Leasing
Deployed over $70 million in capital to acquire two properties and executed new leases at six properties, representing 530,000 square feet, or 6% of the total portfolio.
Robust Liquidity Position
Total available liquidity exceeded $235 million, with a strong balance sheet and low leverage at 11% debt to total gross assets.
Industry Growth Projections
Cannabis sales are projected to increase approximately 10% in 2025 after an estimated 9.8% growth in 2024, with total US cannabis sales of $32.4 billion.
Positive Resolutions and Management Moves
Achieved a comprehensive resolution with PharmaCann’s default, including recommencement of rent payments on nine of eleven leases. Also promoted two members to Senior Vice President positions.
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IIPR Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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IIPR Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Feb 19, 2025 | $73.43 | $72.87 | -0.76% |
| Nov 06, 2024 | $119.53 | $106.96 | -10.52% |
| Aug 05, 2024 | $108.43 | $109.81 | +1.27% |
| May 08, 2024 | $101.41 | $98.69 | -2.68% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Innovative Industrial Properties (IIPR) report earnings?
Innovative Industrial Properties (IIPR) is schdueled to report earning on May 13, 2025, TBA Not Confirmed.
What is Innovative Industrial Properties (IIPR) earnings time?
Innovative Industrial Properties (IIPR) earnings time is at May 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is IIPR EPS forecast?
IIPR EPS forecast for the fiscal quarter 2025 (Q1) is 1.21.
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