Innovative Industrial Properties reports Q3 revenue of $64.7 million and net income of $28.3 million

Reuters11-04

Innovative Industrial Properties reports Q3 revenue of $64.7 million and net income of $28.3 million

Innovative Industrial Properties Inc. reported total revenues of $64.7 million and net income attributable to common stockholders of $28.3 million, or $0.97 per share, for the third quarter ended September 30, 2025. Adjusted funds from operations (AFFO) were $48.3 million and normalized funds from operations (Normalized FFO) were $45.2 million. The company announced a third quarter dividend of $1.90 per common share. During the period, IIP made a $270 million financial investment in IQHQ, marking its first investment outside of the cannabis industry, and closed a new $100 million secured revolving credit facility.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20251102737334) on November 03, 2025, and is solely responsible for the information contained therein.

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