Innovative Industrial Properties Earnings Beat Expectations, but Acquisition Activity Slows

Innovative Industrial Properties (NYSE: IIPR) released solid third-quarter results after the market close on Wednesday.

Here's how the quarter turned out for the cannabis-industry-focused real estate investment trust (REIT) and its investors.

Data source: Innovative Industrial Properties. YOY = year over year. EPS = earnings per share. AFFO = adjusted funds from earnings.