Welcome to our dedicated page for Innovative Indus SEC filings (Ticker: IIPR), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
The SEC filings for Innovative Industrial Properties, Inc. (IIPR) provide detailed insight into how the company describes its business as a real estate investment trust (REIT) focused on specialized industrial and life science real estate. Through Forms 8-K and other reports, the company discloses material events such as financial results, major investments, new credit facilities and changes in its capital structure.
In its current reports on Form 8-K, Innovative Industrial Properties outlines key transactions, including the Securities Purchase Agreement and related documents governing its preferred stock and revolving credit facility investments in IQHQ, Inc., a life science real estate platform. These filings summarize the terms of preferred stock, cumulative dividend rights, warrant coverage, redemption provisions and governance rights, as well as the structure and collateral of related loan agreements.
Other filings describe loan agreements and revolving credit facilities entered into by IIP Operating Partnership, LP and subsidiaries, including borrowing limits, borrowing base formulas, collateral packages and financial covenants such as liquidity and debt service coverage ratios. The company also files 8-Ks to furnish press releases that report quarterly financial results, rental revenues, net income attributable to common stockholders, AFFO, normalized FFO and dividend declarations.
On Stock Titan’s SEC filings page for IIPR, users can access these documents as they are made available through EDGAR, and use AI-powered summaries to understand complex provisions. Filings related to dividends, preferred stock terms, revolving credit facilities, tenant matters and strategic investments help investors analyze how Innovative Industrial Properties finances its portfolio, manages risk and pursues growth in cannabis-focused industrial properties and life science real estate.
Innovative Industrial Properties director Scott Shoemaker reported the vesting of equity awards and resulting share ownership changes. On January 2, 2026, 911 restricted stock units from a 2020 grant converted into 911 shares of common stock at an exercise price of $0. Following this transaction, Shoemaker directly owns 2,611 shares of common stock. He also continues to hold several other restricted stock unit awards from 2021–2025, which each represent the right to receive one share of common stock upon vesting and remain subject to the company’s Nonqualified Deferred Compensation Plan vesting conditions, including a forfeiture release date of June 11, 2026 for certain RSUs.
Innovative Industrial Properties President and CEO Paul E. Smithers reported an equity award of 47,643 shares of common stock on January 20, 2026. The filing describes this as a grant of restricted stock, with one-third of the shares scheduled to be released from forfeiture on each of January 1, 2027, January 1, 2028, and January 1, 2029, if he remains a non-employee director or employee of the company on those dates.
Following this award, Smithers beneficially owned 150,577 shares of common stock directly. The filing also shows 6,654 restricted stock units outstanding, each representing the contingent right to receive one share of common stock upon vesting, subject to conditions under the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties executive chairman Alan D. Gold reported a grant of 66,702 restricted stock units on January 20, 2026. Each RSU represents the right to receive one share of common stock upon vesting. One-third of these RSUs is scheduled to vest on each of January 1, 2027, January 1, 2028, and January 1, 2029, contingent on his continued service and satisfaction of conditions under the Company’s nonqualified deferred compensation plan.
Following this grant, Gold also reports existing direct holdings of common stock and RSUs from prior award years, as well as indirect common stock holdings through a Spousal Lifetime Access Trust for the benefit of his spouse and adult child and through an irrevocable trust for the benefit of his adult child.
Innovative Industrial Properties CFO and Treasurer David Jon Smith reported receiving a grant of 20,061 shares of common stock on January 20, 2026, recorded at a price of $0.00 per share as an equity award. After this grant, he beneficially owns 23,582 shares of the company’s common stock in direct form.
According to the footnotes, this award is restricted stock, with one-third of the shares scheduled to be released from forfeiture on each of January 1, 2027, January 1, 2028, and January 1, 2029, subject to his continued service with the company. Smith also holds restricted stock units from prior years, covering 13,080 shares from 2023, 10,893 shares from 2024, and 9,110 shares from 2025, each tied to service-based vesting under the company’s NQDC Plan.
Innovative Industrial Properties, Inc. reported that its VP and Chief Accounting Officer, Andy Bui, received a grant of 6,522 shares of common stock on January 20, 2026. The filing shows this as an acquisition at a price of $0.00 per share, reflecting a restricted stock award rather than an open-market purchase.
According to the terms, one-third of the restricted shares will be released from forfeiture on each of January 1, 2027, January 1, 2028 and January 1, 2029, if Bui remains a non-employee director or employee on those dates. After this grant, he beneficially owns 16,186 common shares, held directly.
Innovative Industrial Properties reported an insider equity transaction by its President, CEO and Director, Paul E. Smithers, for Form 4 purposes. On 01/02/2026, 10,653 shares of common stock were acquired through the settlement of previously granted restricted stock units at an exercise price of $0, increasing his directly held shares before tax settlement. On the same date, 5,169 shares were withheld at a price of $49.47 to cover tax liabilities related to this vesting. After these transactions, he directly owned 102,934 shares of common stock. A 2020 RSU award for 10,653 shares was fully settled, while a 2021 RSU award covering 6,654 shares remained outstanding and subject to vesting conditions under the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties Inc. reported an insider equity transaction by its President, CEO and Director relating to restricted stock vesting. On 01/01/2026, the reporting person had 10,983 shares of common stock withheld and forfeited to the company to cover tax liabilities, at a price of $47.36 per share. After this tax-withholding transaction, the insider directly beneficially owned 97,450 shares of common stock.
The filing also discloses derivative holdings in the form of restricted stock units. These include RSUs from 2020 covering 10,653 shares of common stock and RSUs from 2021 covering 6,654 shares. Each RSU represents the right to receive one share of common stock upon vesting at an exercise price of $0, with vesting subject to conditions under the company’s Nonqualified Deferred Compensation Plan.
Innovative Industrial Properties reported an insider equity transaction by its VP and Chief Accounting Officer. On 01/01/2026, the officer forfeited 1,204 shares of common stock at $47.36 per share, coded as an F transaction, which indicates shares withheld to cover tax obligations upon vesting of restricted stock. Following this tax-related forfeiture, the officer beneficially owns 9,664 shares of common stock directly.
Innovative Industrial Properties, Inc. reported a Form 4 transaction for its CFO and Treasurer involving restricted stock units and related share withholding on 01/01/2026. The officer acquired 4,555 shares of common stock at $0 through the settlement of restricted stock units, then had 1,634 shares withheld at $47.36 to cover tax liabilities, leaving 3,521 common shares held directly.
The filing also details several restricted stock unit awards. One 2025 award covers 4,555 shares, with one-third scheduled to vest on each of January 1, 2026, 2027 and 2028, and 9,110 RSUs remaining subject to vesting conditions under the company’s Nonqualified Deferred Compensation Plan. Separate 2023 and 2024 RSU grants for 13,080 and 10,893 shares have vesting spread over January 1 dates in 2024, 2025, 2026 and 2027, conditioned on continued service.
Innovative Industrial Properties Inc. director reports ongoing stock accumulation through dividend reinvestment. A board member of Innovative Industrial Properties Inc. has been regularly acquiring small amounts of the company’s common stock since 04/16/2020 via automatic purchases tied to dividend payments.
The most recent transaction on 10/15/2025 shows the acquisition of 1,839.0782 shares of common stock at a price of $55.28 per share. After this and prior similar transactions, the reporting person directly beneficially owns a total of 63,108.7176 shares of Innovative Industrial Properties Inc. common stock. According to the footnote, these shares are acquired through reinvestment of dividends under an automatic dividend reinvestment plan with the reporting person’s broker.