Innovative Industrial Properties Q2 FY26 net income rises 61.7% to $40.7 million; revenue edges up 0.7% to $63.3 million - IIPR News | RalliesInnovative Industrial Properties Q2 FY26 net income rises 61.7% to $40.7 million; revenue edges up 0.7% to $63.3 million
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IIPR• Q2 FY26 results
- IIP posted Q2 revenue of $63.3 million, up 0.7% from a year earlier.
- Net income attributable to common stockholders rose to $40.67 million, or $1.36 per diluted share.
- Non-GAAP AFFO increased to $53.01 million, or $1.83 per share; dividends declared totaled $1.9 per share.
Liquidity and capital activity
- Total liquidity was $299.7 million; net debt to total gross assets was 14.2% on $3 billion of total gross assets.
- Completed a $402.5 million private offering of 6.0% exchangeable senior notes due 2029; repurchased 1,468,542 shares for $89 million.
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