分组1 - Innovative Industrial Properties (IIPR) reported quarterly funds from operations (FFO) of $1.94 per share, missing the Zacks Consensus Estimate of $1.99 per share, and down from $2.21 per share a year ago, representing an FFO surprise of -2.51% [1] - The company posted revenues of $71.72 million for the quarter ended March 2025, surpassing the Zacks Consensus Estimate by 1.31%, but down from $75.45 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus revenue estimates three times [2] 分组2 - The stock has lost about 20.5% since the beginning of the year, compared to the S&P 500's decline of -4.7% [3] - The current consensus FFO estimate for the coming quarter is $1.79 on revenues of $64.77 million, and for the current fiscal year, it is $7.31 on revenues of $263.05 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 37% of over 250 Zacks industries, indicating potential underperformance compared to the top 50% of ranked industries [8]

Financial Performance - Total revenues for Q1 2025 were $71.7 million, a decrease of 5% from $75.5 million in Q1 2024[8] - Net income attributable to common stockholders was $30.3 million, or $1.03 per share, down 24% from $39.1 million, or $1.36 per share in Q1 2024[5][20] - Normalized FFO for Q1 2025 was $1.84 per share, a decrease of 7% from $1.98 per share in Q1 2024[3] - AFFO for Q1 2025 was $55.3 million, or $1.94 per share, down 12% from $2.21 per share in Q1 2024[5][3] - Net income attributable to common stockholders decreased to $30.296 million for the three months ended March 31, 2025, down from $39.090 million in the same period of 2024, representing a decline of approximately 22.5%[23] - FFO attributable to common stockholders (diluted) was $52.214 million for Q1 2025, compared to $56.268 million in Q1 2024, reflecting a decrease of about 7.4%[23] - AFFO attributable to common stockholders (diluted) decreased to $55.332 million in Q1 2025 from $62.999 million in Q1 2024, a decline of approximately 12%[23] - FFO per common share (diluted) was $1.83 for Q1 2025, down from $1.98 in Q1 2024, indicating a decrease of about 7.6%[23] - Normalized FFO per common share (diluted) also decreased to $1.84 in Q1 2025 from $1.98 in Q1 2024, a decline of approximately 7.1%[23] Debt and Liquidity - The company reported a debt to total gross assets ratio of 11% with total gross assets of $2.6 billion[6] - Total liquidity as of March 31, 2025, was $220.8 million, consisting of cash, cash equivalents, and availability under the revolving credit facility[6] Property and Leasing Activities - The company executed a long-term lease for a 22,000 square foot property in Maryland for $7.8 million[6] - In April 2025, the company leased 205,000 square feet to Berry Green at its property in Warren, Michigan[6] - The total property portfolio comprises 110 properties across 19 states, with 9.0 million RSF, including 666,000 RSF under development[13] Shareholder Returns - The company declared a quarterly dividend of $1.90 per common share, representing an annualized dividend of $7.60 per common share[11] Expenses and Impairments - The company reported a litigation-related expense of $406,000 in Q1 2025, compared to $146,000 in Q1 2024, indicating an increase of approximately 178.1%[23] - Real estate depreciation and amortization increased to $18.391 million in Q1 2025 from $17.150 million in Q1 2024, representing an increase of about 7.2%[23] - The company recognized an impairment loss on real estate of $3.527 million in Q1 2025, which was not present in Q1 2024[23] - Interest income on seller-financed note decreased to $153,000 in Q1 2025 from $403,000 in Q1 2024, a decline of approximately 62%[23] Share Count - Weighted average common shares outstanding (diluted) increased to 28,588,022 in Q1 2025 from 28,461,986 in Q1 2024, reflecting an increase of about 0.4%[23]

Innovative Industrial Properties, Inc. (IIPR) , a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities, is set to announce its first-quarter 2025 earnings results on May 7, after market close. In the last reported quarter, Innovative Industrial reported adjusted funds from operations (AFFO) per share of $2.22, in line with the Zacks Consensus Esti ...

We previously covered Innovative Industrial Properties (NYSE: IIPR ) in January 2025, discussing how the cannabis REIT had lost nearly half of its value, thanks to the drastic PharmaCann default on all ofI am a full-time analyst interested in a wide range of stocks. With my unique insights and knowledge, I hope to provide other investors with a contrasting view of my portfolio, given my particular background.If you have any questions, feel free to reach out to me via a direct message on Seeking Alpha or lea ...

Investors in Innovative Industrial Properties, Inc. (IIPR) need to pay close attention to the stock based on moves in the options market lately. That is because the May 16, 2025 $150.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or t ...

Group 1: Stock Performance - Innovative Industrial Properties (IIPR) closed at $53.56, reflecting a +0.34% change from the previous day, underperforming the S&P 500 which gained 0.74% [1] - Over the past month, IIPR shares have declined by 18%, compared to a 3.44% loss in the Finance sector and a 4.77% loss in the S&P 500 [1] Group 2: Upcoming Earnings - The upcoming earnings report for Innovative Industrial Properties is scheduled for May 7, 2025, with an expected EPS of $1.99, indicating a 9.95% decrease from the same quarter last year [2] - Revenue for the upcoming quarter is projected at $70.79 million, down 6.17% from the prior-year quarter [2] Group 3: Full Year Projections - For the full year, earnings are projected at $7.31 per share and revenue at $263.05 million, representing declines of -18.6% and -14.74% respectively from the previous year [3] Group 4: Analyst Estimates - Recent changes to analyst estimates for Innovative Industrial Properties reflect shifting business dynamics, with positive adjustments indicating a favorable outlook on the company's health and profitability [4] - The Zacks Consensus EPS estimate has decreased by 10.13% over the past month, resulting in a Zacks Rank of 4 (Sell) for the company [6] Group 5: Valuation Metrics - Innovative Industrial Properties is currently trading at a Forward P/E ratio of 7.3, which is below the industry's average Forward P/E of 10.25 [7] - The REIT and Equity Trust - Other industry, part of the Finance sector, holds a Zacks Industry Rank of 161, placing it in the bottom 36% of over 250 industries [7]

Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025.Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, May 8, 2025, to discus ...

Contributing analyst to the iREIT+Hoya Capital investment group. The Dividend Collectuh is not a registered investment professional nor financial advisor and these articles should not be taken as financial advice. This is for educational purposes only and I encourage everyone to do their own due diligence. I'm a Navy veteran who enjoys dividend investing in quality blue-chip stocks, BDC's, and REITs. I am a buy-and-hold investor who prefers quality over quantity and plans to supplement his retirement income ...

Group 1 - Innovative Industrial Properties (IIPR) ended the recent trading session at $53.43, showing a +1.93% change from the previous day's closing price, outperforming the S&P 500's daily loss of 5.98% [1] - Over the past month, shares of IIPR have decreased by 27.95%, which is significantly worse than the Finance sector's loss of 5.99% and the S&P 500's loss of 7.66% [1] Group 2 - IIPR is projected to report earnings of $2.06 per share in the upcoming earnings report, reflecting a year-over-year decline of 6.79%, with anticipated revenue of $73.03 million, indicating a 3.21% decrease from the same quarter last year [2] - For the full year, the Zacks Consensus Estimates project earnings of $7.81 per share and revenue of $277.68 million, representing declines of -13.03% and -9.99% respectively from the previous year [3] Group 3 - Recent changes to analyst estimates for IIPR indicate a correlation with near-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation capabilities [4] - The Zacks Rank system, which assesses stock performance based on estimate changes, currently ranks IIPR at 4 (Sell), with a downward shift of 7.82% in the consensus EPS estimate over the past month [6] Group 4 - IIPR is trading at a Forward P/E ratio of 6.71, which is lower than the industry's average Forward P/E of 10.39, indicating a valuation discount [7] - The REIT and Equity Trust - Other industry, to which IIPR belongs, has a Zacks Industry Rank of 156, placing it in the bottom 38% of over 250 industries [7]

Industry Overview - The cannabis sector has evolved significantly, with increased interest in its future despite past hurdles [1][2] - The public sector's performance has not matched the success of many legal operators, leading to a decline in marijuana stocks [2] Investment Trends - Investors are shifting focus from short-term gains to long-term investments in marijuana stocks, anticipating better market conditions due to regulatory reforms in the USA [3] - The potential for improved trading momentum in the cannabis sector is highlighted, with specific stocks recommended for observation [3] Company Highlights - **Innovative Industrial Properties, Inc.**: Focuses on acquiring and managing properties leased to licensed cannabis operators, recently announced a tenant replacement and renewal initiative to enhance portfolio performance [4][6] - **NewLake Capital Partners, Inc.**: An internally managed REIT providing capital to cannabis operators through various transactions, announced upcoming conferences for April [7][9] - **Chicago Atlantic Real Estate Finance, Inc.**: Operates as a commercial mortgage REIT, recently declared a quarterly dividend of $0.47, equating to an annualized rate of $1.88 per share [10][11]