NYSE$IIPR
Innovative Industrial Properties Inc. A · Q1 2024 earnings
Q1 2024 earnings · · Investor relations
Briefing
IIP reported a decrease in revenue primarily due to decline in contractual rent and property management fees but was offset by contractual rent escalations and amendments to leases.
Innovative Industrial Properties (IIP) announced its first quarter 2024 results, with total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million, or $1.36 per share.
- Total revenues were $75.5 million, a 1% decrease compared to the same period in 2023.
- Net income attributable to common stockholders was $39.1 million, or $1.36 per share.
- FFO was $56.3 million, or $1.98 per share.
- IIP paid a quarterly dividend of $1.82 per common share on April 15, 2024.
Headline financials
Revenue & EPS history
IIPR · Revenue · Quarterly
$75.5M
Forward guidance
No specific forward guidance was provided in the press release.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2024
+2.0%
Avg return
Earnings day
+2.4%
Avg return
5 days after
+4.8%
Avg return
30 days after
68%
25 / 37 earnings
Positive
+26.8%
Q3 2020
Best reaction
-16.8%
Q3 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +14.6% | +8.9% | +10.8% | |
| Q4 2025 | +7.7% | +14.7% | +12.8% | |
| Q3 2025 | +0.4% | +4.0% | +2.8% | |
| Q1 2025 | +4.4% | +3.9% | +3.7% | |
| Q4 2024 | -0.8% | +0.5% | -13.4% | |
| Q3 2024 | -16.8% | -18.6% | -19.4% | |
| Q2 2024 | -2.6% | -1.7% | +3.3% | |
| Q1 2024 | -4.2% | -3.8% | -2.3% | |
| Q4 2023 | +5.1% | +8.3% | +15.0% | |
| Q3 2023 | +8.1% | +10.5% | +16.8% | |
| Q2 2023 | +0.0% | +4.2% | +12.8% | |
| Q1 2023 | +3.0% | +0.1% | +2.7% | |
| Q4 2022 | +7.6% | +5.8% | -9.7% | |
| Q3 2022 | +3.1% | -1.2% | +6.5% | |
| Q2 2022 | +1.7% | -3.2% | -6.7% | |
| Q1 2022 | -2.8% | -9.8% | -7.6% | |
| Q4 2021 | +1.2% | +4.1% | +9.4% | |
| Q3 2021 | +0.5% | +5.9% | -5.2% | |
| Q2 2021 | +1.6% | +6.7% | +18.0% | |
| Q1 2021 | +3.1% | +0.2% | +3.6% | |
| Q4 2020 | -9.5% | -5.9% | -15.2% | |
| Q3 2020 | +26.8% | +18.0% | +24.4% | |
| Q2 2020 | +4.9% | +10.3% | +11.1% | |
| Q1 2020 | -1.3% | -4.7% | +21.3% | |
| Q4 2019 | -1.6% | +1.5% | -16.3% | |
| Q3 2019 | +3.5% | +5.8% | -5.2% | |
| Q2 2019 | +0.5% | -3.7% | -19.5% | |
| Q1 2019 | +0.1% | +0.6% | +19.8% | |
| Q4 2018 | +2.9% | +14.1% | +12.1% | |
| Q3 2018 | +9.1% | +7.0% | +20.2% | |
| Q2 2018 | +11.0% | +4.6% | +27.9% | |
| Q1 2018 | -5.9% | -4.9% | +10.6% | |
| Q4 2017 | +2.6% | +11.9% | +28.6% | |
| Q3 2017 | +0.2% | +0.5% | +1.6% | |
| Q2 2017 | -1.4% | -0.6% | -3.6% | |
| Q1 2017 | -0.5% | -1.6% | -2.2% | |
| Q4 2016 | -2.9% | -2.4% | +8.5% | |
| Q3 2016 | — | — | — | |
| Q1 2016 | — | — | — |
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