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

Zacks2024-11-07

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 ...

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This compares to FFO of $2.29 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/innovative-industrial-properties-iipr-lags-232014384.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Innovative Industrial Properties (IIPR) Lags Q3 FFO and Revenue Estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nInnovative Industrial Properties (IIPR) Lags Q3 FFO and Revenue Estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-07 07:20 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/innovative-industrial-properties-iipr-lags-232014384.html><strong>Zacks</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>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 ...</p>\n\n<a href=\"https://finance.yahoo.com/news/innovative-industrial-properties-iipr-lags-232014384.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IIPR","symbol_name":"Innovative Industrial Properties Inc","start_time":0,"source_url":"https://finance.yahoo.com/news/innovative-industrial-properties-iipr-lags-232014384.html","article_id":"2481689999","we_media_id":null,"thumbnails":["https://s.yimg.com/uu/api/res/1.2/UPInF06X6fJkTqeimnpZuQ--~B/aD03NDU7dz05MDA7YXBwaWQ9eXRhY2h5b24-/https://media.zenfs.com/en/zacks.com/078b2d95159d12a337f09f2519ff10ba"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481689999","pubTimestamp":1730935214,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Innovative Industrial Properties  came out with quarterly funds from operations  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.Innovative Industrial Properties , which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $76.53 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.55%. This compares to year-ago revenues of $77.83 million. The company has topped consensus revenue estimates two times over the last four quarters.Innovative Industrial Properties shares have added about 31.3% since the beginning of the year versus the S&P 500's gain of 21.2%.While Innovative Industrial Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?Investors should be mindful of the fact that the outlook for the industry can have a m","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc"},"translate_title":"创新工业地产(IIPR)落后于第三季度FFO和收入预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IIPR":1},"content_text":"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.\nThis 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%.\nOver the last four quarters, the company has surpassed consensus FFO estimates two times.\nInnovative Industrial Properties , which belongs to the Zacks REIT and Equity Trust - Other industry, posted revenues of $76.53 million for the quarter ended September 2024, missing the Zacks Consensus Estimate by 0.55%. This compares to year-ago revenues of $77.83 million. The company has topped consensus revenue estimates two times over the last four quarters.\nThe sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.\nInnovative Industrial Properties shares have added about 31.3% since the beginning of the year versus the S&P 500's gain of 21.2%.\nWhat's Next for Innovative Industrial Properties?\nWhile Innovative Industrial Properties has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?\nThere are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.\nEmpirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.\nAhead of this earnings release, the estimate revisions trend for Innovative Industrial Properties: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.\nIt will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $2.30 on $77.75 million in revenues for the coming quarter and $9.09 on $309.95 million in revenues for the current fiscal year.\nInvestors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Other is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.\nLamar Advertising (LAMR), another stock in the same industry, has yet to report results for the quarter ended September 2024. The results are expected to be released on November 8.\nThis outdoor and transit advertising company is expected to post quarterly earnings of $2.21 per share in its upcoming report, which represents a year-over-year change of +8.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.\nLamar Advertising's revenues are expected to be $567.26 million, up 4.5% from the year-ago quarter.\nWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report\nInnovative Industrial Properties, Inc. (IIPR) : Free Stock Analysis Report\nLamar Advertising Company (LAMR) : Free Stock Analysis Report\nTo read this article on Zacks.com click here.\nZacks Investment Research","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.30.2","shortVersion":"4.30.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2481689999"}