Innovative Industrial Properties (IIPR) saw its shares increase by 5.7% in the latest trading session, closing at $55.85, amid notable trading volume. This uptick contrasts with a modest 0.6% gain over the past month. The company is projected to report a quarterly FFO of $1.87 per share, a 3.6% decline year-over-year, with expected revenues of $66.9 million, down 6.7% from last year.
For context, Alexandria Real Estate Equities (ARE), another player in the same sector, saw its shares fall by 2.4% to $46.65 and has a consensus FFO estimate of $1.74, reflecting a significant year-over-year decrease of 24.4%. IIPR currently holds a Zacks Rank of #1 (Strong Buy), while ARE has a rank of #3 (Hold).
