Innovative Ind Props Q2 2024 FFO $2.29 Beats $2.22 Estimate, Sales $79.793M Beat $77.712M Estimate
Portfolio Pulse from Benzinga Newsdesk
Innovative Industrial Properties (NYSE:IIPR) reported Q2 2024 earnings per share of $2.29, beating the analyst estimate of $2.22 by 3.15%. The company also reported sales of $79.793 million, surpassing the estimate of $77.712 million by 2.68%. This represents a 4.36% increase over the same period last year.
August 05, 2024 | 8:38 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Innovative Industrial Properties (NYSE:IIPR) reported Q2 2024 earnings per share of $2.29, beating the analyst estimate of $2.22 by 3.15%. The company also reported sales of $79.793 million, surpassing the estimate of $77.712 million by 2.68%. This represents a 4.36% increase over the same period last year.
The company's earnings and sales both exceeded analyst estimates, which is likely to have a positive short-term impact on the stock price. The year-over-year increase in sales further supports a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100