Innovative Industrial Properties (IIPR) Q1 FFO and Revenues Miss Estimates

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2.21 per share, missing the Zacks Consensus Estimate of$ 2.27 per share. This compares to FFO of $2.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.64%. A quarter ago, it was expected that this company would post FFO of$ 2.24 per share when it actually produced FFO of $2.28, delivering a surprise of 1.79%.Over the last four quarter ...