IIPR reports FY2023 revenue up 12% to $309.5M, AFFO $9.08/share, dividend increased

INNOVATIVE INDUSTRIAL PROPERTIES INC

2023-FY EPS reported $5.77 revenue$309,506,000

Full-year 2023 total revenue $309.5M (+12% YoY); net income $164.2M ($5.77 EPS, +5%).
AFFO $256.5M ($9.08 per share, +7% YoY); Q4 AFFO $64.3M ($2.28 per share, +8%).
Q4 2023 revenue $79.2M (+12% YoY); net income $41.3M ($1.45 EPS, -1% YoY).
Dividends declared totaled $7.22/share in 2023; quarterly dividend raised to $1.82.
Portfolio 108 properties, 8.9M sq ft, 95.8% leased, 14.6 yr avg lease term; no tenant >16% ABR.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.7

INNOVATIVE INDUSTRIAL PROPERTIES INC reported financial results for fourth quarter and year ended December 31, 2023.

Period: fourth quarter and year ended December 31, 2023
Result: reported results

Exact text from the filing

On February 26, 2024, Innovative Industrial Properties, Inc. (the “Company”) issued a press release regarding its financial results for the fourth quarter and year ended December 31, 2023.

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

INNOVATIVE INDUSTRIAL PROPERTIES INC filing history →

Source: SEC EDGAR

accession 0001104659-24-027867

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