Innovative Ind Props Q2 FFO $1.71 Beats $1.52 Estimate, Sales $62.891M Miss $64.307M Estimate

Innovative Ind Props (NYSE:IIPR) reported quarterly earnings of $1.71 per share which beat the analyst consensus estimate of $1.52 by 12.72 percent. This is a 25.33 percent decrease over earnings of $2.29 per share from the same period last year. The company reported quarterly sales of $62.891 million which missed the analyst consensus estimate of $64.307 million by 2.20 percent. This is a 21.18 percent decrease over sales of $79.793 million the same period last year.