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Innovative Industrial Properties (IIPR) Surpasses Q2 FFO and Revenue Estimates

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of 1.71pershare,beatingtheZacksConsensusEstimateof1.71 per share, beating the Zacks Consensus Estimate of 1.61 per share. This compares to FFO of 2.29pershareayearago.Thesefiguresareadjustedfornonrecurringitems.ThisquarterlyreportrepresentsanFFOsurpriseof+6.212.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of +6.21%. A quarter ago, it was expected that this company would post FFO of 1.99 per share when it actually produced FFO of $1.94, delivering a surprise of -2.51%.Over the last four quarte ...