Welcome to our dedicated news page for Innovative Industrial Properties (Ticker: IIPR), a resource for investors and traders seeking the latest updates and insights on Innovative Industrial Properties .
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Innovative Industrial Properties 's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Innovative Industrial Properties 's position in the market.
Rhea-AI Summary
Innovative Industrial Properties, Inc. (NYSE: IIPR) will release its first-quarter results on May 8, 2024. The executive team will host an investor conference call on May 9, 2024, to discuss financial performance and operations. Investors can access the call via webcast or phone.
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End-of-Day
2.21%
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Rhea-AI Summary
Innovative Industrial Properties, Inc. (NYSE: IIPR) declares a Q1 2024 cash dividend of $1.82 per common share, contributing to an aggregate of $7.24 per common share declared in the last twelve months. Additionally, a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock has been announced.
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End-of-Day
-0.19%
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Rhea-AI Summary
Innovative Industrial Properties, Inc. (IIPR) reported a 5% increase in net income and a 7% increase in AFFO per share for FY 2023 over 2022. Total revenues reached approximately $309.5 million, a 12% increase over the previous year. The company recorded net income of $164.2 million and declared dividends of $7.22 per share. IIP's footprint comprised 108 properties totaling 8.9 million rentable square feet in 19 states by year-end.
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6.21%
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Innovative Industrial Properties, Inc. (NYSE: IIPR) will report Q4 and year-end results on February 26, 2024. The company's executives will host an investor conference call on February 27, 2024, to discuss financial results and operations. The call will be available through a live audio webcast and archived on the company's website.
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End-of-Day
1.49%
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Rhea-AI Summary
Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) has announced the tax treatment of its 2023 distributions, detailing the total distribution per share, allocable to 2023, taxable ordinary dividend, return of capital, long-term capital gain, unrecaptured Section 1250 gain, and Section 199A dividend for both common stock and 9.00% Series A Cumulative Redeemable Preferred Stock. The common stock distribution with a record date of December 29, 2023, will be a split-year distribution, with $0.83 allocable to 2023 for federal income tax purposes and $0.99 allocable to 2024 for federal income tax purposes. Stockholders are encouraged to consult with their personal tax advisors for specific tax treatment of IIP's distributions.
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Rhea-AI Summary
Innovative Industrial Properties, Inc. (IIP) has declared a Q4 2023 cash dividend of $1.82 per common share, marking a 2 cent increase over Q3 2023. The common stock dividends declared for 2023 total $7.22 per common share, with IIP consistently increasing its common stock dividends declared each year since its inception in 2016. In addition, the board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 12, 2024, to stockholders of record at the close of business on December 29, 2023.
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-0.51%
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Innovative Industrial Properties (NYSE: IIPR) reported total revenues of $77.8 million in Q3 2023, a 10% increase from the previous year. Net income attributable to common stockholders was $41.3 million, or $1.45 per share. Adjusted funds from operations (AFFO) were $64.8 million, or $2.29 per share, representing increases of 7.8% and 7.5% respectively. The company paid a quarterly dividend of $1.80 per common share, a 6% increase from the previous year.
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Rhea-AI Sentiment
End-of-Day
6.98%
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Innovative Industrial Properties, Inc. (NYSE: IIPR) will report Q3 2023 results on November 1, 2023. Investor conference call to discuss financial results and operations will be held on November 2, 2023.
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0.6%
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Innovative Industrial Properties, Inc. declares Q3 2023 dividend of $1.80 per share, representing a 6% increase over the prior twelve months
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0.67%
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Rhea-AI Summary
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1.59%
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Innovative Industrial Properties, Inc.
NYSE:IIPR
IIPR Rankings
IIPR Stock Data
2.99B
27.78M
1.47%
73.43%
7.68%
Lessors of Other Real Estate Property
Real Estate and Rental and Leasing
United States of America
PARK CITY
About IIPR
innovative industrial properties, inc. is a self-advised maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated medical-use cannabis facilities. innovative industrial properties, inc. has elected to be taxed as a real estate investment trust, commencing with the year ended december 31, 2017.