ADVERTISEMENT
Related topics

Innovative Industrial Properties: Q1 Earnings Snapshot

May 4, 2022 GMT

PARK CITY, Utah (AP) _ Innovative Industrial Properties, Inc. (IIPR) on Wednesday reported a key measure of profitability in its first quarter.

The real estate investment trust, based in Park City, Utah, said it had funds from operations of $53.8 million, or $2.04 per share, in the period.

Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.

The company said it had net income of $34.7 million, or $1.32 per share.

Innovative Industrial Properties posted revenue of $64.5 million in the period.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IIPR at https://www.zacks.com/ap/IIPR