Innovative Industrial Properties stock gains as REIT refocuses on growth in Q3

6 hours ago 1
Green cannabis plants at field on sunny day

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Innovative Industrial Properties (IIPR) stock climbed 4.0% in Monday after-hours trading after the medical cannabis REIT posted stronger-than-expected Q3 FFO and revenue as the company's efforts to replace underperforming tenants makes progress.

Q3 normalized FFO per share of $1.60, beating the average

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