CORRECTED-Innovative Industrial Properties Q4 revenue beats estimates
Overview
REIT's Q4 revenue fell yr/yr, but beat analyst expectations
Net income for Q4 decreased compared to last year
Company highlighted strategic investment in IQHQ and new leasing activities
Outlook
Company did not provide specific financial guidance for future quarters
Result Drivers
LEASE EXECUTIONS - Executed leases for 337,000 square feet in Q4 2025 and Q1 2026, reflecting demand for properties
Company press release: ID:nBw4bLTnTa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $66.70 mln | $65.95 mln (5 Analysts) |
Q4 EPS |
| $1.06 |
|
Q4 Net Income |
| $30.7 mln |
|
Analyst Coverage
The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 1 "strong buy" or "buy", 3 "hold" and 2 "sell" or "strong sell"
The average consensus recommendation for the commercial reits peer group is "buy"
Wall Street's median 12-month price target for Innovative Industrial Properties Inc is $47.50, about 3.9% above its February 20 closing price of $45.71
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