Innovative Ind Props Q4 2023 FFO $2.28 Beats $2.21 Estimate, Sales $79.16M Beat $76.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innovative Ind Props (IIPR) reported Q4 2023 FFO of $2.28 per share, surpassing the $2.21 estimate, and sales of $79.16M, exceeding the $76.50M estimate. This represents a 7.55% increase in earnings and a 12.34% increase in sales from the same period last year.
February 26, 2024 | 9:51 pm
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Innovative Ind Props reported a strong Q4 2023 with FFO and sales exceeding estimates, indicating robust financial health and growth.
Beating both FFO and sales estimates suggests that Innovative Ind Props is outperforming expectations, which is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100