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Innovative Industrial Properties (IIPR)
NYSE:IIPR
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Earnings Data
Report Date
Mar 03, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$1.31Last Year’s EPS
$1.45Same Quarter Last Year
Based on 5 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Nov 06, 2024
|% Change Since: -40.11%
|Next Earnings Date:Mar 03, 2025
Earnings Call Sentiment|Neutral
The earnings call reflects a cautiously optimistic outlook, with solid financial performance and strategic positioning despite challenges such as tenant payment issues and regulatory hurdles. The company maintains strong liquidity and capital positions while facing a decrease in revenue and failed cannabis legalization in some states.Company Guidance
In the Innovative Industrial Properties (IIPR) Q3 2024 earnings call, the company reported total revenues of $76.5 million and an AFFO per share of $2.25, despite challenges in the regulated cannabis industry. The firm highlighted its strong liquidity position, with over $220 million available, and its low leverage with an 11% debt to total gross assets ratio. The call detailed the company's strategic investments, including a recent $5.6 million acquisition in Maryland, and its portfolio's 95.7% lease occupancy rate. Upcoming regulatory developments, such as the potential rescheduling of cannabis, were also discussed, alongside the anticipated impacts of the recent U.S. election results on cannabis legislation.Solid Revenue Generation
Generated $76.5 million in total revenues for Q3 2024 and $2.25 in AFFO per share, despite industry challenges.
Strong Liquidity and Capital Position
Total available liquidity exceeded $220 million, with an expanded revolving line of credit by $37.5 million.
Low Leverage and No Near-Term Debt Maturities
Maintained 11% debt to total gross assets with no variable rate debt and no debt maturities until May 2026.
Portfolio Growth and Diversification
Owned 108 properties across 19 states, with 95.7% leased operating portfolio and strong tenant diversification.
Positive Election Results for Cannabis Reform
Bipartisan support for cannabis reform at the federal level, with potential for safe banking and rescheduling.
Successful Re-leasing and Development
Retenanted four properties and completed several development projects, including a 325,000 square foot expansion in New York.
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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 |
|---|---|---|---|
| Nov 06, 2024 | $123.00 | $110.07 | -10.51% |
| Aug 05, 2024 | $111.58 | $113.00 | +1.27% |
| May 08, 2024 | $104.36 | $101.56 | -2.68% |
| Feb 26, 2024 | $85.44 | $90.74 | +6.20% |
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 Mar 03, 2025, TBA Not Confirmed.
What is Innovative Industrial Properties (IIPR) earnings time?
Innovative Industrial Properties (IIPR) earnings time is at Mar 03, 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 2024 (Q4) is $1.31.
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