Innovative Industrial Properties Q2 net income rises to $40.7 million
Innovative Industrial Properties reported second quarter 2026 total revenues of $63.3 million, up 0.7% from $62.9 million a year earlier, and net income attributable to common stockholders of $40.7 million, or $1.36 per diluted share, compared with $25.1 million, or $0.86 per share, in the second quarter of 2025. Net income included an $11.8 million gain on sale of real estate, and AFFO rose to $1.83 per diluted share from $1.71, while the company declared a $1.90 per share dividend for the quarter.
Key points
- Total revenues of $63.3 million versus $62.9 million in the second quarter of 2025, an increase of 0.7%
- Net income attributable to common stockholders of $40.7 million, or $1.36 per diluted share, versus $0.86 a year earlier
- AFFO of $53.0 million, or $1.83 per diluted share, versus $1.71; Normalized FFO of $1.70 per share versus $1.60
- Board declared a second quarter 2026 dividend of $1.90 per common share, paid July 15, 2026; conference call set for August 4, 2026
The filing
Written by AI on Nov 8, 2026, 6:57 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on August 03, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.