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Here's What Key Metrics Tell Us About Innovative Industrial Properties (IIPR) Q3 Earnings
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For the quarter ended September 2026, Innovative Industrial Properties (IIPR - Free Report) reported revenue of $64.92 million, up 0.4% over the same period last year. EPS came in at $1.96, compared to $0.97 in the year-ago quarter.
The reported revenue represents a surprise of +6.07% over the Zacks Consensus Estimate of $61.21 million. With the consensus EPS estimate being $1.74, the EPS surprise was +12.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Innovative Industrial Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenues- Rental (including tenant reimbursements): $64.74 million versus the four-analyst average estimate of $60.49 million. The reported number represents a year-over-year change of +0.7%.
Revenues- Other: $0.18 million versus the three-analyst average estimate of $0.43 million. The reported number represents a year-over-year change of -55%.
Net Income (loss) per share- Diluted: $0.99 versus $0.90 estimated by five analysts on average.
Shares of Innovative Industrial Properties have returned +3% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
View the Zacks #1 Rank List
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Here's What Key Metrics Tell Us About Innovative Industrial Properties (IIPR) Q3 Earnings
For the quarter ended September 2026, Innovative Industrial Properties (IIPR - Free Report) reported revenue of $64.92 million, up 0.4% over the same period last year. EPS came in at $1.96, compared to $0.97 in the year-ago quarter.
The reported revenue represents a surprise of +6.07% over the Zacks Consensus Estimate of $61.21 million. With the consensus EPS estimate being $1.74, the EPS surprise was +12.64%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Innovative Industrial Properties performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:View all Key Company Metrics for Innovative Industrial Properties here>>>
Shares of Innovative Industrial Properties have returned +3% over the past month versus the Zacks S&P 500 composite's -0.9% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.