Innovative Industrial Properties' Earnings and Revenue Beat Expectations

Innovative Industrial Properties (NYSE: IIPR), a real estate investment trust (REIT) focused on the medical-use cannabis industry, reported strong first-quarter 2021 results after the market close on Wednesday, May 5.

Shares were little changed in Wednesday's after-hours trading session, rising 0.3%. They have returned 135% over the one-year period through Wednesday's regular trading session, compared to the S&P 500's 49% return over this period.

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Source Fool.com