Marijuana REIT Innovative Industrial Properties Q2 2022 Revenue Grows 44% YoY
Innovative Industrial Properties, Inc. (NYSE: IIPR ) revenues in Q2 2022 were approximately $70.5 million , compared to approximately $48.9 million in Q2 2021, an increase of 44%. Q2 2022 Highlights Financial Results and Capital Activity Recorded net income attributable to common stockholders of approximately $39.9 million for the quarter, or $1.42 per diluted share, and AFFO of approximately $60.1 million, or $2.14 per diluted share. Paid a quarterly dividend of $1.75 per common share on July 15, 2022 to stockholders of record as of June 30, 2022, representing a 25% increase over the prior year’s second quarter 2021 dividend, equal to an annualized dividend of $7.00 per share. Completed an underwritten public … Full story available on Benzinga.com
Marijuana REIT Innovative Industrial Properties Q2 2022 Revenue Grows 44% YoY
Innovative Industrial Properties, Inc. (NYSE: IIPR ) revenues in Q2 2022 were approximately $70.5 million , compared to approximately $48.9 million in Q2 2021, an increase of 44%. Q2 2022 Highlights Financial Results and Capital Activity Recorded net income attributable to common stockholders of approximately $39.9 million for the quarter, or $1.42 per diluted share, and AFFO of approximately $60.1 million, or $2.14 per diluted share. Paid a quarterly dividend of $1.75 per common share on July 15, 2022 to stockholders of record as of June 30, 2022, representing a 25% increase over the prior year’s second quarter 2021 dividend, equal to an annualized dividend of $7.00 per share. Completed an underwritten public … Full story available on Benzinga.com