Investing.com - Innovative Industrial Properties reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Innovative Industrial Properties announced earnings per share of $1.32 on revenue of $70.9M. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $68.09M.
Innovative Industrial Properties shares are down 32% from the beginning of the year and are trading at $106.32 , down-from-52-week-high.
Innovative Industrial Properties follows other major Real Estate sector earnings this month
Innovative Industrial Properties's report follows an earnings beat by Prologis on October 19, who reported EPS of $1.36 on revenue of $1.75B, compared to forecasts EPS of $1.34 on revenue of $1.2B.
American Tower had beat expectations on October 27 with third quarter EPS of $1.8 on revenue of $2.67B, compared to forecast for EPS of $1.13 on revenue of $2.65B.
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