$2.6B In Assets, 11% Debt Ratio And Dividend Boost: IIPR Cannabis Real Estate Stock Reports Q2 Results
$2.6B In Assets, 11% Debt Ratio And Dividend Boost: IIPR Cannabis Real Estate Stock Reports Q2 Results
Innovative Industrial Properties, Inc. (NYSE:IIPR), a real estate company focused on the regulated U.S. cannabis industry, reported its financial results for the second quarter ended June 30, 2024.
房地產業公司Innovative Industrial Properties, Inc. (紐交所股票代碼:IIPR) 報告了截至2024年6月30日的第二季度財務業績。
David Smith, chief financial officer, commented in a press release Monday afternoon, "IIP paid a quarterly dividend of $1.90 per common share on July 15, 2024 (...) representing a 4.4% increase over IIP's first quarter 2024 dividend of $1.82 per share of common stock (...) equivalent to an annualized dividend of $7.60 per common share and an AFFO payout ratio of 83%."
致富金融首席財務官戴維·史密斯週一下午在新聞發佈會上評論說:“IIP於2024年7月15日支付了每股普通股1.90美元的季度股息(...),較IIP 2024年第一季度每股普通股1.82美元的股息增長了4.4%(...),相當於每股普通股的年化股利爲7.60美元,AFFO派息比率爲83%。”
Net Loss And Revenue
淨虧損和營業收入
The company reported total revenues of $79.8 million, marking a 4% increase from $76.5 million in the same period in 2023.
該公司報告的總營業收入爲7980萬美元,比2023年同期的7650萬美元增長了4%。
The rise in revenue was driven primarily by a $3.9 million disposition-contingent lease termination fee and a $3.6 million increase in contractual rent and property management fees.
營收增長主要得益於3.9百萬美元的處置等待解約租賃的終止費用和3.6百萬美元的合同租金和物業管理費用的增加。
Gross Profits And Gross Margin
毛利潤和毛利率
For the three months ended June 30, 2024, Innovative Industrial Properties reported a net income attributable to common stockholders of $41.7 million, or $1.44 per diluted share, consistent with the prior year's results.
截至2024年6月30日,創新工業地產的淨收入歸屬於普通股股東爲4170萬美元,每股攤薄後1.44美元,與去年同期的結果持平。
Adjusted EBITDA
調整後的EBITDA
The company recorded adjusted funds from operations (AFFO) of $65.5 million, equating to $2.29 per share, an increase from $2.26 per share in the same period last year. Normalized funds from operations (Normalized FFO) stood at $58.8 million, or $2.06 per share, slightly down from $2.07 per share in the previous year.
公司記錄的調整後基金運營的資金(AFFO)爲6550萬美元,每股2.29美元,同比上年同期的每股2.26美元有所增加。規範化的運營資金(規範化的FFO)爲5880萬美元,每股2.06美元,略低於去年同期每股2.07美元。
Dividend And Financing Activity
股息和融資活動
The second quarter dividend was increased by 4.4% to $1.90 per common share, translating to an annualized dividend of $7.60 per share. The dividend payout ratio was 83% of AFFO. Additionally, the company upsized its revolving credit facility to $50 million, which still needs to be drawn.
第二季度股息率增長了4.4%,至每股普通股1.90美元,每股年化股息爲7.60美元。股息支付比率爲AFFO的83%。此外,該公司將其循環信貸額度提高至5000萬美元,但仍需下放。
Portfolio Updates
組合更新
In addition, IIPR reported portfolio advancements, including acquiring a 16-acre property in Florida and new leases in California and Michigan. The company also executed lease amendments to fund improvements totaling $6.1 million at properties in Ohio and Illinois.
此外,IIPR報告了組合進展,包括在佛羅里達州收購了一處16英畝的物業,並在加利福尼亞和密歇根簽訂新的租約。該公司還執行了租賃修改,以資助在俄亥俄州和伊利諾伊州物業的610萬美元的改進。
Balance Sheet Highlights
資產負債表亮點
As of June 30, 2024, the company's total liquidity was $210.9 million, with $2.6 billion in total gross assets and an 11% debt-to-total-gross-assets ratio.
截至2024年6月30日,該公司的總流動資金爲2.109億美元,總毛資產爲2.6億美元,債務總毛資產比率爲11%。
The company reported debt service coverage ratio was 17.0x, with no debt maturities until May 2026.
公司報告的債務服務覆蓋比率爲17.0倍,無到2026年5月的債務到期。
Price Action: IIPR's stocks are trading at $118.00, up by $4.84 or 4.28% after market close, Monday evening.
股價行動:IIPR的股票在週一收盤後以118.00美元交易,漲了4.84美元,漲幅爲4.28%。
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Cover Photo: AI-generated image.
封面圖片:人工智能生成的圖像。
譯文內容由第三人軟體翻譯。