Innovative Industrial Properties Inc reports results for the quarter ended in September 30 - Earnings Summary

• Innovative Industrial Properties Inc IIPR.N reported quarterly adjusted earnings of $1.37​​ per share for the quarter ended September 30, lower than the same quarter last year, when the company reported EPS of $1.45. The mean expectation of four analysts for the quarter was for earnings of $1.45 per share. Wall Street expected results to range from $1.44 to $1.45 per share.

• Revenue fell 1.7% to $76.53 million from a year ago; analysts expected $77.38 million.

• Innovative Industrial Properties Inc's reported EPS for the quarter was $1.37​.

• The company reported quarterly net income of $39.65 million.

• Innovative Industrial Properties Inc shares had fallen by 1.7% this quarter and gained 31.3% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 1.9% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy," 5 "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the commercial reits peer group is also "hold"

Wall Street's median 12-month price target for Innovative Industrial Properties Inc is $125.00

This summary was machine generated from LSEG data November 7 at 04:58 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)