John SchroyerNovember 1, 2023
Rent collections for the REIT remained strong at 97%.
Tag: IIP
John SchroyerNovember 1, 2023
Debra BorchardtAugust 3, 2023
After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced results for the second quarter ended June 30, 2023. The cannabis REIT delivered total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year’s quarter. The company also reported net income of approximately $40.9 million […]
John SchroyerMay 8, 2023
100% of the company's properties are leased.
Debra BorchardtMarch 21, 2023
Investor claims IIP lied about due diligence for Kings Garden.
StaffJanuary 30, 2023
The Daily Hit is a recap of the top financial news stories for January 30, 2023. On the Site IIP An investor group is suing Innovative Industrial Properties (IIP) (NYSE: IIPR) for not doing proper due diligence in its Kings Garden investment. Investor Michael Mallozzi originally sued IIP in April 2022, when the Blue Orca […]
Debra BorchardtJanuary 19, 2023
Innovative Industrial Properties, Inc. (IIP)(NYSE: IIPR) announced that its rent collections have dropped from 100% at this time last year to just 92% for the month ending January 31, 2023. The company said it had collected 97% of its rent at the end of December. The company’s stock was plunging by over 14% on the […]
StaffMay 5, 2022After the market closed on Wednesday, Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced results for the first quarter ending March 31, 2022. The cannabis REIT delivered total revenues of approximately $64.5 million in the quarter, representing a 50% increase from the prior year’s quarter. However, it missed the Yahoo Finance Average analyst estimate for […]
Get the latest cannabis news delivered right to your inbox
Unpack the industry with the daily cannabis newsletter for business leaders.