Marijuana Company IIPR's Portfolio by State and Expansion Into Retailing Properties
Innovative Industrial Properties (NYSE: IIPR), a real estate investment trust (REIT) focused on the cannabis sector, reported powerful third-quarter 2019 results on Wednesday after the market closed, followed by an analyst conference call on Thursday.
The San Diego-based company's revenue soared 201% year over year to $11.2 million, driven heavily by acquisitions. Earnings per share surged 162% to $0.55, and adjusted funds from operations (FFO) -- a key profitability metric for REITs -- jumped 126% to $0.86 per share.
Earnings releases tell only part of the story. Here are two things you should know from Innovative Industrial Properties' earnings call.
Source Fool.com
