IIPR Reports Q1 2025 Earnings with Revenue Decline and Operational Updates
IIPR reported Q1 2025 earnings with total revenues of $71.7 million, a 6.5% sequential decline due to tenant defaults. The company also saw a 13% drop in adjusted funds from operations (AFFO) to $55.3 million. Despite the revenue decline, IIPR maintained strong liquidity and executed several portfolio transactions.
Topics: AFFO leverage portfolio transactions re-tenanting revenue decline stock repurchase tenant defaults