Innovative Industrial Properties reported third quarter 2026 total revenues of $64.9 million, up 0.4% from $64.7 million a year earlier, and diluted net income attributable to common stockholders of $0.99 per share, up from $0.97. Adjusted funds from operations (AFFO) rose to $54.8 million, or $1.96 per share, from $1.71, and the company declared a $1.90 per share dividend, but the filing also shows tenant defaults and lease terminations that the company has been working to re-lease.
Total revenues of $64.9 million vs. $64.7 million in the third quarter of 2025; net income attributable to common stockholders of $28.7 million, or $0.99 per diluted share
AFFO of $54.8 million, or $1.96 per share, vs. $1.71 per share a year earlier
Declared third quarter 2026 dividend of $1.90 per common share, paid October 15, 2026
In September 2026, the company entered into a $245.0 million mezzanine loan commitment for Alewife Park, funding approximately $111.0 million at closing
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
From Innovative Industrial Properties, Inc.'s 10-Q and 10-K filings (SEC XBRL). YoY compares each quarter with the same quarter a year earlier; it is blank when the year-ago figure is missing or negative.
Annual results
Fiscal year
Revenue
Growth
EPS (diluted)
Growth
Net margin
FY2025
$265.95M
-13.8%
$3.93
-28.8%
44.5%
FY2024
$308.52M
-0.3%
$5.52
-4.3%
52.4%
FY2023
$309.51M
+12.0%
$5.77
+4.5%
53.5%
FY2022
$276.36M
+35.1%
$5.52
+21.3%
55.9%
FY2021
$204.55M
+75.0%
$4.55
+39.1%
55.7%
Frequently asked questions
When is Innovative Industrial Properties's next earnings date?
Innovative Industrial Properties has not announced a report date within the next three weeks. US companies usually report three to six weeks after each quarter ends; this page updates as soon as the date is on the calendar.
What did Innovative Industrial Properties earn last quarter?
For the quarter ended Sep 2026, Innovative Industrial Properties reported diluted EPS of $0.99 (+2.1% year over year) on revenue of $64.92M (+0.4%).
Where do these numbers come from?
Reported revenue, net income and EPS come from the company's own 10-Q and 10-K filings with the SEC (XBRL data). The report date and consensus estimate come from the Nasdaq earnings calendar.
Not investment advice. Figures can be restated by the company in later filings.