Innovative Industrial Properties FFO of $1.78 beats by $0.09, revenue of $66.66M beats by $0.73M

Innovative Industrial Properties press release (IIPR): Q4 FFO of $1.78 beats by $0.09.
Revenue of $66.66M (-13.1% Y/Y) beats by $0.73M.
Full Year 2025 Highlights
- Total revenues of $266.0 million and net income attributable to common stockholders of $114.4 million, or $3.93 per diluted share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted).
- Adjusted funds from operations (AFFO) of $205.4 million, or $7.24 per diluted share.
- Declared dividends to common stockholders totaling $7.60 per share, increasing IIP’s common stock dividends declared each year since its inception in 2016. Since its inception, IIP has paid over $1.1 billion in common stock dividends to its stockholders.