Innovative Indus Stock Price, News & Analysis

Innovative Industrial Properties (NYSE: IIPR) will release its third quarter 2025 results after the close of trading on Monday, November 3, 2025. Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, November 4, 2025 to discuss financial results and operations.

The call will stream live via audio webcast at the company's Investor Relations website and is accessible by phone at 1-877-328-5514 (domestic) or 1-412-902-6764 (international). The webcast will be archived for 90 days. Telephone playback is available from 12:00 p.m. PT on November 4, 2025 until 12:00 p.m. PT on November 11, 2025 using access code 9148523.

Innovative Industrial Properties (NYSE:IIPR) closed a new $100 million secured revolving credit facility with a federally regulated commercial bank on October 6, 2025. The facility has an initial 3-year term and is secured by the company’s IQHQ investment. Borrowings carry interest at one-month SOFR + 200 bps (stated at 6.1% as of Oct 3, 2025). The facility includes a $35 million accordion to expand total capacity to $135 million, subject to adding lenders. Management said the facility enhances financial flexibility, leverages a low-leverage balance sheet, and provides an accretive investment spread exceeding 800 basis points on the IQHQ position.

Innovative Industrial Properties (NYSE:IIPR) has completed its initial investment of $105 million into IQHQ, a premier life science real estate platform. The investment comprises $100 million in a revolving credit facility and additional preferred stock investment. This marks IIPR's first expansion beyond cannabis real estate, diversifying its $2+ billion portfolio.

The company has remaining commitments of up to $165 million in preferred stock to be funded between Q4 2025 and Q2 2027. Additionally, IIPR secured a commitment for a $100 million secured revolving credit facility at SOFR + 200 basis points (6.1%), expected to close in Q4 2025.

Innovative Industrial Properties (NYSE:IIPR), the pioneering NYSE-listed real estate company focused on the U.S. cannabis industry, has declared its Q3 2025 dividend. The company will distribute $1.90 per common share, equivalent to an annualized dividend of $7.60. Since 2016, IIPR has distributed $1.0 billion in common stock dividends.

Additionally, IIPR declared a quarterly dividend of $0.5625 per share for its 9.00% Series A Cumulative Redeemable Preferred Stock. Both dividends will be paid on October 15, 2025 to shareholders of record as of September 30, 2025.

Innovative Industrial Properties (NYSE:IIPR) has announced a strategic $270 million investment into IQHQ, Inc., a premier life science real estate platform with over $5 billion in total assets. The investment comprises two key components: a $100 million revolving credit facility with a 3-year term and a commitment to purchase up to $170 million of preferred stock in IQHQ.

The transaction, marking IIPR's first expansion beyond cannabis, is expected to generate a weighted average interest rate exceeding 14% per annum. The investment includes warrants in IQHQ and positions IIPR to benefit from the life science industry's secular recovery. Post-transaction, IIPR's rental revenues from cannabis facilities are projected to decrease to 88% of total revenues as of June 30, 2025.

Innovative Industrial Properties (NYSE:IIPR), a cannabis-focused real estate company, reported challenging Q2 2025 results with total revenues of $62.9 million, down 21% year-over-year, and net income of $25.1 million ($0.86 per share). The decline was primarily due to tenant defaults totaling $15.8 million from PharmaCann, Gold Flora, TILT, and 4Front.

The company maintained its quarterly dividend of $1.90 per share and repurchased 366,952 shares for $19.8 million. IIP's portfolio includes 108 properties across 19 states, with strong liquidity of $192.4 million and a conservative debt ratio of 11%. The company is actively pursuing legal proceedings against defaulting tenants while implementing strategic initiatives to replace underperforming operators.

Innovative Industrial Properties (NYSE: IIPR) has scheduled its second quarter 2025 earnings release for August 6, 2025, after market close. The company will host an investor conference call on August 7, 2025, at 9:00 a.m. Pacific Time.

Key executives including Executive Chairman Alan Gold, CEO Paul Smithers, CFO David Smith, COO Catherine Hastings, and CIO Ben Regin will discuss the quarter's financial results and operations. Investors can access the call through a live webcast on the company's website or via telephone.

Innovative Industrial Properties (NYSE: IIPR), the premier NYSE-listed real estate company focused on the U.S. cannabis industry, has declared its Q2 2025 dividend payments. The company announced a quarterly dividend of $1.90 per common share, equivalent to an annual dividend of $7.60. Since its 2016 founding, IIPR has distributed over $940 million in common stock dividends. Additionally, the company declared a quarterly dividend of $0.5625 per share for its 9.00% Series A Cumulative Redeemable Preferred Stock. Both dividends will be paid on July 15, 2025, to stockholders of record as of June 30, 2025.

Innovative Industrial Properties (NYSE: IIPR), a cannabis-focused REIT, reported Q1 2025 financial results with total revenues of $71.7 million, down 5% year-over-year. Net income was $30.3 million ($1.03 per share), and AFFO reached $55.3 million ($1.94 per share). The company maintained its quarterly dividend at $1.90 per share. Notable challenges included multiple lease defaults, with PharmaCann defaulting on $2.7 million in March rent, and additional defaults from 4Front, Gold Flora, and TILT totaling $13.1 million. The company's portfolio comprises 110 properties across 19 states, with 9.0 million RSF. Recent activities include property acquisitions, leasing transactions totaling 211,000 square feet, and strategic property sales. The company maintains strong financials with 11% debt to total gross assets and $220.8 million in total liquidity.