Innovative Industrial Properties (IIPR) Lags Q1 FFO Estimates

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $1.94 per share, missing the Zacks Consensus Estimate of$ 1.99 per share. This compares to FFO of $2.21 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.51%. A quarter ago, it was expected that this company would post FFO of$ 2.22 per share when it actually produced FFO of $2.22, delivering no surprise.Over the last four quarters, the c ...