Innovative Industrial Properties (IIPR) Lags Q3 FFO and Revenue Estimates

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2.25 per share, missing the Zacks Consensus Estimate of$ 2.29 per share. This compares to FFO of $2.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.75%. A quarter ago, it was expected that this company would post FFO of$ 2.23 per share when it actually produced FFO of $2.29, delivering a surprise of 2.69%.Over the last four quarter ...