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Cannabis REIT IIP Reports Q3 Revenue Growth 57% YoY, 28% Higher Dividends

Cannabis REIT IIP Reports Q3 Revenue Growth 57% YoY, 28% Higher Dividends

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Cannabis-focused REIT Innovative Industrial Properties, Inc. (NYSE:IIPR) released its third-quarter earnings on Wednesday with total revenue of around $53.9 million, up by 57% year-over-year from $34.3 million. The increase was driven primarily by the acquisition and leasing of new properties, in addition to contractual rental escalations and amendments at certain properties.

...read full article on Benzinga

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