In this paper, we consider a cellular-based Internet of things (IoT) network consisting of IoT devices that can communicate directly with each other in a device-to-device (D2D) fashion as well as send real-time status updates about some underlying physical processes observed by them. We assume that such real-time applications are supported by cellular networks where cellular base stations (BSs) collect status updates over time from a subset of the IoT devices in their vicinity. We characterize two performance metrics: i) the network throughput which quantifies the performance of D2D communications, and ii) the Age of Information which quantifies the performance of the real-time IoT-enabled applications. Concrete analytical results are derived using stochastic geometry by modeling the locations of IoT devices as a bipolar Poisson Point Process (PPP) and that of the BSs as another Independent PPP. Our results provide useful design guidelines on the efficient deployment of future IoT networks that will jointly support D2D communications and several cellular network-enabled real-time applications.