05:32 AM EDT, 05/09/2024 (MT Newswires) -- Innovative Industrial Properties ( IIPR ) reported late Wednesday Q1 adjusted funds from operations of $2.21 per share, down from $2.25 a year earlier.

Revenue for the quarter ended March 31 was $75.5 million, down from $76.1 million a year earlier. Analysts polled by Capital IQ expected $78.5 million.

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