INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) revealed earnings for third quarter that Dropped, from last year but beat the Street estimates.
The company's bottom line came in at $28.29 million, or $0.97 per share. This compares with $39.65 million, or $1.37 per share, last year.
Analysts on average had expected the company to earn $0.90 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period fell 15.5% to $64.69 million from $76.53 million last year.
INNOVATIVE INDUSTRIAL PROPERTIES INC earnings at a glance (GAAP) :
-Earnings: $28.29 Mln. vs. $39.65 Mln. last year.-EPS: $0.97 vs. $1.37 last year.-Revenue: $64.69 Mln vs. $76.53 Mln last year.
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