Innovative Industrial Properties Inc. /zigman2/quotes/208038978/composite IIPR -0.70% shares rose nearly 5% in the extended session Wednesday after the cannabis real estate investment company reported profits of $6.2 million. Earnings were 55 cents a share, up from 21 cents a share in the year-ago period. Revenue rose more than 200% to $11.6 million. Innovative Industrial Properties does not have enough analyst coverage to report reliable consensus estimates. The real estate company's stock has gained 60% this year as the ETFMG Alternative Harvest ETF /zigman2/quotes/204332491/composite MJ -2.52% has fallen 23%.