NYSE$IIPR

Innovative Industrial Properties Inc. A · Q4 2022 earnings

Q4 2022 earnings · · Investor relations

Briefing

IIP generated increased total revenues, net income attributable to common stockholders, and AFFO year-over-year.

Innovative Industrial Properties, Inc. (IIP) reported its Q4 and full-year 2022 results. The company's total revenues for Q4 2022 were approximately $70.5 million, a 20% increase compared to the same period in 2021. Net income attributable to common stockholders was approximately $41.2 million, or $1.46 per diluted share. AFFO was approximately $59.6 million, or $2.12 per diluted share.

  • Total revenues for Q4 2022 reached approximately $70.5 million, a 20% increase year-over-year.
  • Net income attributable to common stockholders was approximately $41.2 million, with earnings per diluted share at $1.46.
  • AFFO for Q4 2022 was approximately $59.6 million, resulting in $2.12 per diluted share.
  • IIP paid a quarterly dividend of $1.80 per common share.

Headline financials

Total Revenue

$70.5M

Previous: $58.9M+19.5%
EPS (adj)

$2.12

Previous: $1.85+14.6%
Net Income

$41.2M

Previous: $28.3M+45.6%
Operating Income

$44.2M

Previous: $38.5M+15.0%
Gross Profit

$67.2M

Previous: $57.1M+17.6%
Cash & Equivalents

$87.1M

Previous: $81.1M+7.4%
Total Assets

$2.41B

Previous: $2.08B+15.8%
Stock-Based Comp

$4.31M

Previous: $2.19M+96.7%

Revenue & EPS history

IIPR · Revenue · Quarterly

$70.5M

Q4 2022+19.5%vs Q4 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

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 Q4 2022

Historical avgQ4 2022

+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

Earnings price reactions
QuarterReport dateReaction (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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