Why Is Innovative Industrial Properties (IIPR) Down 6.9% Since Last Earnings Report?
Innovative Industrial Properties (IIPR) has declined 6.9% since its Q2 2026 earnings report. While the company beat AFFO estimates at $1.83 per share, revenues missed expectations at $63.31 million due to tenant defaults and lease terminations. The company faced challenges from PharmaCann and 4Front defaults but secured new leases and benefited from $8.50 million in IQHQ investment income. Analysts have revised estimates downward, and the stock carries a Zacks Rank #3 (Hold) with a poor Growth Score of F.