IIPR - Earnings announcements

$128 Million of Equity and Debt Capital Raised Year-To-Date Executed Leases for 389,000 Square Feet Year-To-Date Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026. Executive Chairman Remarks "We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing demand for our properties," said Alan Gold, Executive Chairman of IIP. "At the same time, we have taken deliberate steps to fortify our balance sheet through equity and debt capital raising activity, and have additional secured and unsecured debt financin

Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its first quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, May 4, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, May 5, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference c

Raised $146 Million of Attractively Priced Debt and Preferred Equity Since October 2025 Executed leases for 337,000 square feet in Q4'25 and Q1'26 To Date Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive Chairman Remarks "During 2025, we made significant progress executing on our strategy to diversify the Company's portfolio, strengthen our balance sheet, and actively resolve tenant-related matters," said Alan Gold, Executive Chairman of IIP. "Our strategic investment in IQHQ and establishment of a new $100 million revolving credit facility reflect our disciplin

Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2025 results after the close of trading on the New York Stock Exchange on Monday, February 23, 2026. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, February 24, 2026, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc.

Announced $270 Million Commitment Into IQHQ, A Premier Life Science Real Estate Platform Closed on a New $100 Million Secured Revolving Credit Facility Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company") announced today results for the third quarter ended September 30, 2025. Executive Chairman Remarks "We are pleased to have made our first investment outside of the cannabis industry during the third quarter with our $270 million financial investment into IQHQ, marking IIP's return to growth and providing meaningful diversification and accretion for IIP's shareholders," said Alan Gold, Executive Chairman of IIP. "In addition, the successful closing of our new

Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its third quarter 2025 results after the close of trading on the New York Stock Exchange on Monday, November 3, 2025. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, November 4, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. co

Repurchased $20 Million of Common Stock and Maintained Strong Liquidity Exceeding $190 Million Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2025. Second Quarter 2025 Highlights Financial Results and Dividend Generated total revenues of $62.9 million and net income attributable to common stockholders of $25.1 million, or $0.86 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from opera

Earnings Release Date and Conference Call Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its second quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, August 6, 2025. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, August 7, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the I

Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2025. First Quarter 2025 and Year-to-Date Highlights Financial Results and Dividend Total revenues of $71.7 million for the quarter. Net income attributable to common stockholders of $30.3 million for the quarter, or $1.03 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). AFFO of $55.3 mill

Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its first quarter 2025 results after the close of trading on the New York Stock Exchange on Wednesday, May 7, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, May 8, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at w

2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio Innovative Industrial Properties, Inc. (NYSE:IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2024. Full Year 2024 Total revenues of $308.5 million. Net income attributable to common stockholders of $159.9 million, or $5.52 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Adjusted funds from operations (AFFO) of $256.1 million, or $8.98 per share, and normalized funds from oper

Innovative Industrial Properties, Inc. (IIP) (NYSE:IIPR) announced today it will report its fourth quarter 2024 results after the close of trading on the New York Stock Exchange on Wednesday, February 19, 2025. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 9:00 a.m. Pacific Time on Thursday, February 20, 2025, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2024. Financial Results, Dividend and Capital Raising Activity Generated total revenues of $76.5 million and net income attributable to common stockholders of $39.7 million, or $1.37 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $64.3 million and $57.8 million, respectively. Pai

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2024 after the market closes on Wednesday, November 6, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 7, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.in

Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results and Dividend Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million, or $1.44 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operatio

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2024 after the market closes on Monday, August 5, 2024. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, August 6, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativein

Executed New Leases at Four Existing Properties Totaling $69.4 Million in Invested/Committed Capital YTD Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2024. First Quarter 2024 and Year-to-Date Financial Results and Dividend Generated total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million, or $1.36 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operation

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, May 9, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindu

FY 2023 Net Income and AFFO Per Share Increased 5% and 7% over 2022, Respectively Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2023. Full Year 2023 Generated total revenues of approximately $309.5 million, representing an increase of 12% over 2022. Recorded net income attributable to common stockholders of approximately $164.2 million, or $5.77 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted fu

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2023 after the market closes on Monday, February 26, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, February 27, 2024, to discuss the company's financial results and operations for the year. The call will be available through a live audio webcast at the Investor Relations section of the company's website at

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2023. Third Quarter 2023 and Subsequent Events Financial Results Generated total revenues of approximately $77.8 million in the quarter, representing a 10% increase from the prior year's quarter. Recorded net income attributable to common stockholders of approximately $41.3 million for the quarter, or $1.45 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted fund

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2023 after the market closes on Wednesday, November 1, 2023. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 2, 2023, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results Generated total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year's quarter. Recorded net income attributable to common stockholders of approximately $40.9 million for the quarter, or $1.44 per diluted share. Recorded adjusted fund from operations (AFFO) of approximately $64.0 million, or $2.26 per diluted share, increases of 6% and 5% from the pr

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2023 after the market closes on Wednesday, August 2, 2023. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, August 3, 2023, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovati

Q1 2023 Net Income and AFFO Per Diluted Share Increased 8% and 10% Year-Over-Year, Respectively Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2023. First Quarter 2023 Financial Results Generated total revenues of approximately $76.1 million in the quarter, representing an 18% increase from the prior year's quarter. Recorded net income attributable to common stockholders of approximately $40.8 million for the quarter, or $1.43 per diluted share. Recorded adjusted funds from operations (A

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its first quarter ended March 31, 2023 after the market closes on Monday, May 8, 2023. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, May 9, 2023, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustri

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2022 after the market closes on Monday, February 27, 2023. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, February 28, 2023, to discuss the company's financial results and operations for the year. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com,

$368.6 Million of New Investments in First Nine Months of 2022 Drives 30%+ Increase Year-Over-Year in Q3 Total Revenues Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2022. Third Quarter 2022 and Subsequent Event Highlights Generated total revenues of approximately $70.9 million in the quarter, representing a 32% increase from the prior year's quarter. Recorded net income attributable to common stockholders of approximately $37.3 million for the quarter, or $1.32 per diluted share, and AFFO o

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2022 after the market closes on Wednesday, November 2, 2022. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice President of Investments, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 3, 2022, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com,

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2022 after the market closes on Wednesday, August 3, 2022. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice President of Investments, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, August 4, 2022, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live

Sale Leaseback Transactions with IIPR include Massachusetts and Pennsylvania Facilities Net Proceeds from Both Transactions Expected to Reduce Existing Debt by up to 50% PHOENIX, May 16, 2022 (GLOBE NEWSWIRE) -- TILT Holdings Inc. ("TILT" or the "Company") (NEO: TILT) (OTCQX:TLLTF), a global provider of cannabis business solutions that include inhalation technologies, cultivation, manufacturing, processing, brand development and retail, is reporting its financial and operating results for the three months ended March 31, 2022. All financial information is provided in U.S. dollars unless otherwise indicated. "As discussed on our March 30th earnings call, during the first quarter we exper

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its first quarter ended March 31, 2022 after the market closes on Wednesday, May 4, 2022. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice President of Investments, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, May 5, 2022, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.com, or live by ca

Portfolio Performance and FY 2021 Investments Totaling $714 Million Drive FY 2021 Growth of 75% in Total Revenues, 75% in Net Income and 78% in AFFO Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2021. Full Year 2021 Highlights Generated total revenues of approximately $204.6 million, net income attributable to common stockholders of approximately $112.6 million and adjusted funds from operations ("AFFO") of approximately $175.0 million, representing increases of 75%, 75% and 78% over

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2021 after the market closes on Wednesday, February 23, 2022. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice President of Investments, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, February 24, 2022, to discuss the company's financial results and operations for the year. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialpropert

Portfolio Performance of 76 Properties Comprising 7.5 Million RSF in 19 States Drives 57% Growth in Q3 Total Revenues Y-O-Y Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the quarter ended September 30, 2021. Third Quarter 2021 and Subsequent Events Highlights Financial Results Generated total revenues of approximately $53.9 million in the quarter, representing a 57% increase from the prior year's third quarter. Recorded net income attributable to common stockholders of approximately $29.8 million for the quarter, or $1.20 per d

Investments and Portfolio Performance Drive Q2 Y-O-Y Growth of 101% in Total Revenues, 124% in Net Income and 104% in AFFO Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the quarter ended June 30, 2021. Second Quarter 2021 and Subsequent Events Highlights Financial Results and Financing Activity Generated total revenues of approximately $48.9 million in the quarter, representing a 101% increase from the prior year's second quarter. Recorded net income attributable to common stockholders of approximately $29.0 million for the q

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2021 after the market closes on Wednesday, August 4, 2021. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, Catherine Hastings, Chief Financial Officer, and Ben Regin, Vice President of Investments, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, August 5, 2021, to discuss the company's financial results and operations for the second quarter 2021. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindustrialproperties.

Q3 Systemwide Pro Forma Revenue increased 18% quarter-over-quarter to $22.3 million, 170% year-over-year – Company became cash flow positive from operations in August Company sale leaseback transaction with Innovative Industrial Properties scheduled to close within two weeks. As a result of close, together with proceeds from the recently closed bought deal financing, the Company will have $16 million of cash and $43 million in long-term debt Company is in the process of acquiring acreage to construct up to 210,000 square feet of flowering canopy and supporting manufacturing facility in Cook County, Illinois to exponentially increase capacity in state Initial guidance for 2021 with Sys