Innovative Industrial Properties, Inc. (NYSE:IIPR), a real estate investment trust specializing in properties for the cannabis industry, exhibited a remarkable financial performance in Q3 2023. The company saw a significant increase in total revenues attributed to tenant reimbursements, property acquisitions, and leasing activities. Tenant reimbursements for property insurance premiums and taxes significantly impacted this growth. The company's profitability was also pronounced, with a substantial net income for common stockholders and notable Funds from Operations (FFO) and Adjusted Funds from Operations (AFFO).