BRIEF-Innovative Industrial Properties Q2 Revenue USD 62.9 Million Vs. IBES Estimate USD 63.9 Million

Reuters

Aug 07, 2025

Innovative Industrial Properties <a href="https://laohu8.com/S/QTWO">Q2</a> revenue misses expectations

Overview

Innovative Industrial Properties Q2 revenue misses analyst expectations, down 21% yr/yr
Net income for Q2 declines significantly compared to last year
Co repurchased $20 mln of common stock, maintaining liquidity over $190 mln

Result Drivers

TENANT DEFAULTS - Tenant defaults, including PharmaCann and others, led to a $15.8 mln revenue decline
PROPERTY SALES - Revenue decreased due to properties vacated or sold, impacting income by $1.3 mln
NEW LEASES - Revenue partially offset by $1.5 mln increase from new leases on existing properties

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q2 Revenue	Miss	$62.90 mln	$63.90 mln (5 Analysts)
Q2 Net Income		$25.10 mln

Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy."
Wall Street's median 12-month price target for Innovative Industrial Properties Inc is $53.00, about 1.3% above its August 5 closing price of $52.29
The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago

Press Release: ID:nBw4xjlk9a

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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IBES Estimate USD 63.9 Million","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Innovative Industrial Properties <a href=\"https://laohu8.com/S/QTWO\">Q2</a> revenue misses expectations</title></head><body><p><span>Overview</span></p><ul><li><p>Innovative Industrial Properties Q2 revenue misses analyst expectations, down 21% yr/yr</p></li><li><p>Net income for Q2 declines significantly compared to last year</p></li><li><p>Co repurchased $20 mln of common stock, maintaining liquidity over $190 mln</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>TENANT DEFAULTS - Tenant defaults, including PharmaCann and others, led to a $15.8 mln revenue decline</p></li><li><p>PROPERTY SALES - Revenue decreased due to properties vacated or sold, impacting income by $1.3 mln</p></li><li><p>NEW LEASES - Revenue partially offset by $1.5 mln increase from new leases on existing properties</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q2 Revenue</p></td><td><p>Miss</p></td><td><p>$62.90 mln</p></td><td><p>$63.90 mln (5 Analysts)</p></td></tr><tr><td><p>Q2 Net Income</p></td><td></td><td><p>$25.10 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy\", 3 \"hold\" and 2 \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the commercial reits peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/IIPR\">Innovative Industrial Properties Inc</a> is $53.00, about 1.3% above its August 5 closing price of $52.29</p></li><li><p>The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago</p></li></ul><p>Press Release: <span>ID:nBw4xjlk9a</span></p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>BRIEF-Innovative Industrial Properties Q2 Revenue USD 62.9 Million Vs. 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IBES Estimate USD 63.9 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-07 04:35</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Innovative Industrial Properties <a href=\"https://laohu8.com/S/QTWO\">Q2</a> revenue misses expectations</title></head><body><p><span>Overview</span></p><ul><li><p>Innovative Industrial Properties Q2 revenue misses analyst expectations, down 21% yr/yr</p></li><li><p>Net income for Q2 declines significantly compared to last year</p></li><li><p>Co repurchased $20 mln of common stock, maintaining liquidity over $190 mln</p></li></ul><p><span>Result Drivers</span></p><ul><li><p>TENANT DEFAULTS - Tenant defaults, including PharmaCann and others, led to a $15.8 mln revenue decline</p></li><li><p>PROPERTY SALES - Revenue decreased due to properties vacated or sold, impacting income by $1.3 mln</p></li><li><p>NEW LEASES - Revenue partially offset by $1.5 mln increase from new leases on existing properties</p></li></ul><p><span>Key Details</span></p><table><tbody><tr><td><p><span>Metric</span></p></td><td><p><span>Beat/Miss</span></p></td><td><p><span>Actual</span></p></td><td><p><span>Consensus Estimate</span></p></td></tr><tr><td><p>Q2 Revenue</p></td><td><p>Miss</p></td><td><p>$62.90 mln</p></td><td><p>$63.90 mln (5 Analysts)</p></td></tr><tr><td><p>Q2 Net Income</p></td><td></td><td><p>$25.10 mln</p></td><td></td></tr></tbody></table><p><span>Analyst Coverage</span></p><ul><li><p>The current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy\", 3 \"hold\" and 2 \"sell\" or \"strong sell\"</p></li><li><p>The average consensus recommendation for the commercial reits peer group is \"buy.\"</p></li><li><p>Wall Street's median 12-month price target for <a href=\"https://laohu8.com/S/IIPR\">Innovative Industrial Properties Inc</a> is $53.00, about 1.3% above its August 5 closing price of $52.29</p></li><li><p>The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months ago</p></li></ul><p>Press Release: <span>ID:nBw4xjlk9a</span></p><p>(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IIPR","symbol_name":"Innovative Industrial Properties Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250806:nPLX7296CC:1","article_id":"2557930726","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557930726","pubTimestamp":1754512545,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Innovative Industrial Properties Q2 revenue misses expectationsOverviewInnovative Industrial Properties Q2 revenue misses analyst expectations, down 21% yr/yrNet income for Q2 declines significantly c","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"IIPR":"Innovative Industrial Properties Inc"},"translate_title":"简介-Innovative Industrial Properties第二季度收入为6290万美元，而IBES预估为6390万美元","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"IIPR":0.9},"content_text":"Innovative Industrial Properties Q2 revenue misses expectationsOverviewInnovative Industrial Properties Q2 revenue misses analyst expectations, down 21% yr/yrNet income for Q2 declines significantly compared to last yearCo repurchased $20 mln of common stock, maintaining liquidity over $190 mlnResult DriversTENANT DEFAULTS - Tenant defaults, including PharmaCann and others, led to a $15.8 mln revenue declinePROPERTY SALES - Revenue decreased due to properties vacated or sold, impacting income by $1.3 mlnNEW LEASES - Revenue partially offset by $1.5 mln increase from new leases on existing propertiesKey DetailsMetricBeat/MissActualConsensus EstimateQ2 RevenueMiss$62.90 mln$63.90 mln (5 Analysts)Q2 Net Income$25.10 mlnAnalyst CoverageThe current average analyst rating on the shares is \"hold\" and the breakdown of recommendations is 1 \"strong buy\" or \"buy\", 3 \"hold\" and 2 \"sell\" or \"strong sell\"The average consensus recommendation for the commercial reits peer group is \"buy.\"Wall Street's median 12-month price target for Innovative Industrial Properties Inc is $53.00, about 1.3% above its August 5 closing price of $52.29The stock recently traded at 11 times the next 12-month earnings vs. a P/E of 13 three months agoPress Release: ID:nBw4xjlk9a(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"express","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}