Innovative Industrial Properties Past Earnings Performance
Past criteria checks 2/6
Innovative Industrial Properties has been growing earnings at an average annual rate of 43.1%, while the Industrial REITs industry saw earnings growing at 19.8% annually. Revenues have been growing at an average rate of 42.5% per year. Innovative Industrial Properties's return on equity is 8.5%, and it has net margins of 52.6%.
Key information
43.1%
Earnings growth rate
29.5%
EPS growth rate
| Industrial REITs Industry Growth | 24.3% |
| Revenue growth rate | 42.5% |
| Return on equity | 8.5% |
| Net Margin | 52.6% |
| Next Earnings Update | 08 May 2024 |
Recent past performance updates
Recent updates
Innovative Industrial Properties: Attractive Ahead Of Bullish Catalysts
Apr 09Innovative Industrial Properties: 7.2% Dividend With Visible Near-Term Catalyst
Apr 02Innovative Industrial Properties: Will It Have You Rolling In The Green?
Mar 09Innovative Industrial Properties' Q4 Earnings: We Maintain Strong Buy
Feb 27Innovative Industrial Properties: Probably Best Not To Chase
Jan 18Innovative Industrial Properties: A Timely Update For This 7.4% Yield
Dec 18Innovative Industrial Properties: Buying The Bullish Reversal Pattern Amid Strong Financials
Nov 17Innovative Industrial Properties: 9% Yield And Fed Pivot Form Conditions For Cannabis Rally
Nov 06Innovative Industrial Properties Is The Best Value Opportunity
Oct 11Innovative Industrial Properties: A Speculative Buy
Sep 26Innovative Industrial Properties: Is It A Falling Knife Here?
Sep 03Innovative Industrial: Top Cannabis Pick With 9% Dividend Yield
Aug 25Innovative Industrial REIT Prevails Over Bears As Cannabis No Longer A Clear Sell
Aug 07Innovative Industrial: The 10% Yield Gives Plenty Of Comfort
Jul 09Innovative Industrial: 10% Dividend Yield, Deep Value From Cannabis Landlord
Jun 21Innovative Industrial Properties: Cannabis Is Sinking, Should You Avoid The 10% Yield?
Jun 07Innovative Industrial Properties: Our Favorite REIT Trading At A Discount
Feb 23Innovative Industrial Properties updates on properties as of Dec. 31, 2022
Jan 19Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Jan 10
Top REIT Pick: Innovative Industrial Properties Yields 7% With Fast Growth
Dec 21Innovative Industrial Properties declares $1.80 dividend
Dec 15Innovative Industrial Properties: Bears Hunted
Nov 09Innovative Industrial Properties Q3 2022 Earnings Preview
Nov 01Innovative Industrial Is A Buy When The Forest Is On Fire
Oct 22Innovative Industrial Properties (NYSE:IIPR) Ticks All The Boxes When It Comes To Earnings Growth
Sep 29Innovative Industrial Properties raises dividend by 2.9% to $1.80
Sep 15Innovative Industrial Properties: High-Growth Cannabis REIT With 7.6% Yield
Aug 31Innovative Industrial: Separating The 'Weed' From The Chaff
Aug 19Innovative Industrial Properties FFO of $1.97 misses by $0.01, revenue of $70.51M beats by $1.44M
Aug 03Innovative Industrial Properties: One Of The Few REITs We're Interested In
Jul 27Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization (Podcast Transcript)
Jul 20Cannabis REITs Are The Perfect Setup While We Wait For Federal Legalization
Jul 06Innovative Industrial Properties amends lease with Green Thumb Industries for Pennsylvania property
Jun 30Innovative Industrial Properties: Far Too Cheap By Any Valuation Metric
Jun 19Innovative Industrial Properties: Smoking Hot Total Return Prospects Ahead
Jun 07Is Now The Time To Put Innovative Industrial Properties (NYSE:IIPR) On Your Watchlist?
May 24Innovative Industrial Properties: 5.1% Yield With Impressive Dividend Growth
May 18Innovative Industrial Properties: My Oh My, A Super Strong Buy
May 12Cannabis Investors, Fake It Till You Make It (Podcast Transcript)
May 03Why I Just Bought More Innovative Industrial Properties
Apr 16Innovative Industrial Properties: SAFE Banking And Its Cannabis Dividend
Apr 07Revenue & Expenses BreakdownBeta
Revenue & Expenses Breakdown
BetaHow Innovative Industrial Properties makes and spends money. Based on latest reported earnings, on an LTM basis.
Earnings and Revenue History
| Date | Revenue | Earnings | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 31 Dec 23 | 310 | 163 | 40 | 0 |
| 30 Sep 23 | 301 | 163 | 42 | 0 |
| 30 Jun 23 | 294 | 159 | 39 | 0 |
| 31 Mar 23 | 288 | 158 | 37 | 0 |
| 31 Dec 22 | 276 | 152 | 36 | 0 |
| 30 Sep 22 | 265 | 139 | 35 | 0 |
| 30 Jun 22 | 248 | 132 | 29 | 0 |
| 31 Mar 22 | 226 | 121 | 26 | 0 |
| 31 Dec 21 | 205 | 112 | 23 | 0 |
| 30 Sep 21 | 183 | 105 | 21 | 0 |
| 30 Jun 21 | 163 | 94 | 19 | 0 |
| 31 Mar 21 | 139 | 78 | 16 | 0 |
| 31 Dec 20 | 117 | 64 | 14 | 0 |
| 30 Sep 20 | 97 | 52 | 13 | 0 |
| 30 Jun 20 | 75 | 40 | 12 | 0 |
| 31 Mar 20 | 59 | 30 | 11 | 0 |
| 31 Dec 19 | 45 | 22 | 10 | 0 |
| 30 Sep 19 | 32 | 15 | 9 | 0 |
| 30 Jun 19 | 24 | 10 | 8 | 0 |
| 31 Mar 19 | 19 | 8 | 7 | 0 |
| 31 Dec 18 | 15 | 5 | 6 | 0 |
| 30 Sep 18 | 12 | 3 | 6 | 0 |
| 30 Jun 18 | 10 | 2 | 5 | 0 |
| 31 Mar 18 | 8 | 1 | 5 | 0 |
| 31 Dec 17 | 6 | 0 | 5 | 0 |
| 30 Sep 17 | 5 | -8 | 6 | 0 |
| 31 Dec 16 | 0 | -8 | 2 | 0 |
| 31 Dec 15 | 6 | 5 | 0 | 0 |
Quality Earnings: IIPR has high quality earnings.
Growing Profit Margin: IIPR's current net profit margins (52.6%) are lower than last year (55.1%).
Free Cash Flow vs Earnings Analysis
Past Earnings Growth Analysis
Earnings Trend: IIPR's earnings have grown significantly by 43.1% per year over the past 5 years.
Accelerating Growth: IIPR's earnings growth over the past year (6.9%) is below its 5-year average (43.1% per year).
Earnings vs Industry: IIPR earnings growth over the past year (6.9%) did not outperform the Industrial REITs industry 7.7%.
Return on Equity
High ROE: IIPR's Return on Equity (8.5%) is considered low.