Innovative Ind Props Q3 FFO $1.71 Beats $1.61 Estimate, Sales $64.292M Miss $64.552M Estimate

Innovative Ind Props (NYSE: IIPR) reported quarterly earnings of $1.71 per share which beat the analyst consensus estimate of $1.61 by 6.34 percent. This is a 24 percent decrease over earnings of $2.25 per share from the same period last year. The company reported quarterly sales of $64.292 million which missed the analyst consensus estimate of $64.552 million by 0.40 percent. This is a 15.99 percent decrease over sales of $76.526 million the same period last year.