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Innovative Industrial Properties (IIPR)
NYSE:IIPR
RESEARCH TOOLSreports
Earnings Data
Report Date
Jul 30, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
0.89Last Year’s EPS
1.44Same Quarter Last Year
Based on 7 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:May 07, 2025
|% Change Since: 3.65%
|Next Earnings Date:Jul 30, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with proactive steps taken to manage tenant defaults and strengthen the financial position, offset by decreased revenue and ongoing regulatory challenges.Company Guidance
During the first quarter of 2025, Innovative Industrial Properties, Inc. reported total revenues of $71.7 million and adjusted funds from operations (AFFO) of $55.3 million, while maintaining a liquidity position of over $220 million. The company executed strategic actions to strengthen its capital structure, including repurchasing $20 million of common stock and retiring nearly $9 million of debt at a discount. Additionally, $10 million of preferred equity was issued. The company also acquired a $7.8 million industrial facility in Maryland and sold a cultivation facility in Michigan for $9 million. The quarter saw the execution of two new leases totaling 211,000 square feet, reflecting a focus on optimizing occupancy and tenant credit profiles. Despite challenges in the cannabis market, the company maintained a strong balance sheet with a net-debt to EBITDA of less than one times and a debt-to-gross assets ratio of 11%.Solid Financial Position
Innovative Industrial Properties, Inc. maintained a strong balance sheet with nearly $2.2 billion of unencumbered assets and a debt-to-gross assets ratio of 11%.
Proactive Tenant Management
The company initiated a strategic tenant refresh program, replacing defaulted tenants, and re-leased a 205,000 square foot property in Michigan to Berry Green.
Strategic Capital Transactions
Repurchased $20 million of common stock and retired $9 million of debt at a discount. Issued $10 million of preferred equity to strengthen capital structure.
Significant Leasing Activity
Executed two new leases totaling 211,000 square feet, expanding presence in Maryland and Michigan.
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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 |
|---|---|---|---|
May 07, 2025 | $53.37 | $55.66 | +4.29% |
Feb 19, 2025 | $71.24 | $70.70 | -0.76% |
Nov 06, 2024 | $115.96 | $103.78 | -10.50% |
Aug 05, 2024 | $105.20 | $106.53 | +1.26% |
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 Jul 30, 2025, TBA Not Confirmed.
What is Innovative Industrial Properties (IIPR) earnings time?
Innovative Industrial Properties (IIPR) earnings time is at Jul 30, 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 (Q2) is 0.89.
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