IIPR Q3 2023 total revenues $77.8M (+10% YoY), AFFO $2.29/share, rent collection 97%

INNOVATIVE INDUSTRIAL PROPERTIES INC

2023-Q3 EPS reported $4.32 revenue$230,350,000

Net income $41.3M ($1.45 diluted EPS) vs $1.32 prior year; AFFO $64.8M ($2.29/share) up 7.5%.
Total revenues $77.8M, up 10% YoY on tenant reimbursements and rent escalations.
Rent collection 97% for Q3; $2.2M security deposits applied, $2.2M uncollected from Parallel default.
Entered $30M revolving credit facility maturing 2026; lease amendment with Goodness Growth with $14M improvement allowance.
Debt to gross assets 12%; no debt maturities until 2026 except $4.4M exchangeable notes in 2024.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

INNOVATIVE INDUSTRIAL PROPERTIES INC reported the third quarter ended September 30, 2023 results: revenue total revenues of approximately $77.8 million, net income net income attributable to common stockholders of approximately $41.3 million, EPS $1.45 per share.

Period: the third quarter ended September 30, 2023
Revenue: total revenues of approximately $77.8 million
Net income: net income attributable to common stockholders of approximately $41.3 million
EPS: $1.45 per share
Result: reported results

Exact text from the filing

announced today results for the third quarter ended September 30, 2023. Third Quarter 2023 and Subsequent Events Financial Results · Generated total revenues of approximately $77.8 million in the quarter, representing a 10% increase from the prior year’s quarter. · Recorded net income attributable to common stockholders of approximately $41.3 million for the

View on SEC.gov

2 earnings releases filed in the last 30 days. Browse all earnings releases →

INNOVATIVE INDUSTRIAL PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0001104659-23-113574

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.