NYSE$IIPR
Innovative Industrial Properties Inc. A · Q3 2024 earnings
Q3 2024 earnings · · Investor relations
Briefing
IIP generated revenue and net income, while also declaring a dividend payment.
Innovative Industrial Properties (IIP) reported a decrease in total revenues to $76.5 million for the third quarter ended September 30, 2024, compared to $77.8 million for the same period in 2023. Net income attributable to common stockholders was $39.7 million, or $1.37 per share. The company paid a quarterly dividend of $1.90 per common share on October 15, 2024.
- Total revenues for Q3 2024 were $76.5 million, a 1.7% decrease compared to Q3 2023.
- Net income attributable to common stockholders for Q3 2024 was $39.7 million, or $1.37 per share.
- FFO for Q3 2024 was $57.6 million, or $2.02 per share.
- A quarterly dividend of $1.90 per common share was paid on October 15, 2024.
Headline financials
Revenue & EPS history
IIPR · Revenue · Quarterly
$76.5M
Forward guidance
IIP provided forward-looking statements regarding their expectations, intentions, and plans, while also acknowledging the risks and uncertainties that could cause actual results to differ materially from those projected.
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 Q3 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 | — | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro