NYSE$IIPR
Innovative Industrial Properties Inc. A · Q2 2023 earnings
Q2 2023 earnings · · Investor relations
Briefing
Reported an increase in revenue and net income compared to the same period last year.
Innovative Industrial Properties (IIP) announced its Q2 2023 financial results, reporting an increase in total revenues to $76.5 million compared to $70.5 million in the same period of 2022. Net income attributable to common stockholders was approximately $40.9 million, or $1.44 per diluted share. The company paid a quarterly dividend of $1.80 per common share on July 14, 2023.
- Total revenues increased by 8% to $76.5 million compared to the same period in 2022.
- Net income attributable to common stockholders was approximately $40.9 million, or $1.44 per diluted share.
- AFFO was approximately $64.0 million, or $2.26 per diluted share.
- A quarterly dividend of $1.80 per common share was paid on July 14, 2023.
Headline financials
Revenue & EPS history
IIPR · Revenue · Quarterly
$76.5M
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 Q2 2023
+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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