Here's What Key Metrics Tell Us About Innovative Industrial Properties (IIPR) Q3 Earnings

Innovative Industrial Properties reported Q3 2026 revenue of $64.92 million, up 0.4% year-over-year, beating consensus estimates by 6.07%. EPS came in at $1.96 versus $0.97 in the prior year quarter, exceeding analyst expectations by 12.64%. Rental revenues were $64.74 million, slightly above analyst estimates, while other revenues declined 55% year-over-year. The stock holds a Zacks Rank #3 (Hold) rating.