PARK CITY, Utah (AP) — PARK CITY, Utah (AP) — Innovative Industrial Properties, Inc. (IIPR) on Monday reported a key measure of profitability in its fourth quarter. The results beat Wall Street expectations.
The Park City, Utah-based real estate investment trust said it had funds from operations of $53.3 million, or $1.88 per share, in the period.
The average estimate of three analysts surveyed by Zacks Investment Research was for funds from operations of $1.81 per share.
Funds from operations is a closely watched measure in the REIT industry. It takes net income and adds back items such as depreciation and amortization.
The company said it had net income of $30.7 million, or $1.06 per share.
Innovative Industrial Properties, based in Park City, Utah, posted revenue of $66.7 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $66.5 million.
For the year, the company reported funds from operations of $205.4 million. Revenue was reported as $266 million.
_____
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IIPR at https://www.zacks.com/ap/IIPR
Copyright © 2026 The Associated Press. All rights reserved. This material may not be published, broadcast, written or redistributed.
