This article talks about a company called Innovative Industrial Properties, or IIPR, that owns buildings for other companies that grow cannabis (a plant used in some medicines and products). The company just released its financial results for the last three months, which show that they made more money and paid some of it back to the people who own shares of the company. They also bought more buildings and made deals to improve some of the ones they already have. The article also mentions that people who own shares of the company can expect to get more money from their dividends, which is a way for companies to share their profits with their shareholders. Read from source...

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1. IIPR reported total revenues of $79.8 million, a 4% increase from $76.5 million in the same period in 2023.
2. The company's net income attributable to common stockholders was $41.7 million, or $1.44 per diluted share, consistent with the prior year's results.
3. IIPR's AFFO was $65.5 million, equating to $2.29 per share, an increase from $2.26 per share in the same period last year.
4. The company's dividend was increased by 4.4% to $1.90 per common share, representing an annualized dividend of $7.60 per share and an AFFO payout ratio of 83%.
5. IIPR reported portfolio advancements, including acquiring a 16-acre property in Florida and new leases in California and Michigan.
6. The company upsized its revolving credit facility to $50 million, which still needs to be drawn.