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Innovative Industrial Properties Revenue and Earnings More Than Double in Q4
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Innovative Industrial Properties Misses on Q4 Results
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What the stock market gives, the stock market takes away. That s been the message on Wall Street this week: Volatility has moved major stock indexes in both directions as market participants try to parse all the factors affecting their assessment of current economic and business conditions. At 11:30 a.m. EST, the
Innovative Industrial Properties Misses on Q4 Results
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February 24, 2021 at 4:53 pm Published by NCV Newswire
Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2020 Results
Acquisitions and Portfolio Performance Drive FY 2020 Y-o-Y Growth of 162% in Total Revenues, 191% in Net Income and 180% in AFFO
SAN DIEGO, February 24, 2021–(BUSINESS WIRE)–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, 2020, the fourth full year since IIP commenced real estate operations and completed its initial public offering in December 2016.
Full Year 2020 Highlights
Generated total revenues of approximately $116.9 million, net income attributable to common stockholders of approximately $64.4 million and adjusted funds from operations (“AFFO”) of approximately $97.8 million, representing increases of 162%, 191% and