$2.6B In Assets, 11% Debt Ratio And Dividend Boost: IIPR Cannabis Real Estate Stock Reports Q2 Results
Portfolio Pulse from Nicolás Jose Rodriguez
Innovative Industrial Properties, Inc. (NYSE:IIPR) reported its Q2 2024 financial results, highlighting a 4% revenue increase to $79.8 million, a 4.4% dividend boost to $1.90 per share, and portfolio expansions. The company maintains a strong balance sheet with $2.6 billion in assets and an 11% debt ratio.
August 05, 2024 | 11:00 pm
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Innovative Industrial Properties (IIPR) reported a 4% increase in Q2 2024 revenue to $79.8 million, a 4.4% dividend boost to $1.90 per share, and portfolio expansions. The stock price rose by 4.28% post-market.
The positive financial results, including revenue growth, dividend increase, and portfolio expansions, have led to a 4.28% rise in IIPR's stock price post-market. These factors are likely to sustain positive sentiment in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100