Innovative Industrial Properties, Inc. 9.00% Series A Cumulative Redeemable Preferred Stock

Innovative Industrial Properties Announces Third Quarter 2026 Earnings Release Date and Conference Call

Innovative Industrial Properties will report Q3 2026 results after market close on Monday, November 2, 2026. Management will host a conference call at 9:00 a.m. Pacific Time on Tuesday, November 3, 2026, with a live webcast available on the company's investor relations site and an archive available for one year. This is a scheduling notice only; no financial results or guidance are included.

•25d ago

Innovative Industrial Properties Prices Public Offering of 9.25% Series B Cumulative Redeemable Preferred Stock

Innovative Industrial Properties priced a public offering of 2,000,000 shares of 9.25% Series B Cumulative Redeemable Preferred Stock at $25.00 per share, for gross proceeds of $50 million. Underwriters hold a 30-day option for up to 300,000 additional shares; the preferred will list on the NYSE under 'IIPR Pr B' and the deal is expected to close October 19, 2026. Proceeds are earmarked primarily to fund the remaining unfunded commitment under a previously announced mezzanine loan investment in the life science industry, with the balance for strategy-consistent investments and general corporate purposes.

•1mo ago

Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering

Innovative Industrial Properties launched a public offering of Series B Cumulative Redeemable Preferred Stock, with underwriters holding a 30-day overallotment option. Proceeds are intended to fund the remaining unfunded commitment on a previously announced mezzanine loan investment in the life science industry, with any remainder going to strategy-consistent investments and general corporate purposes. Stifel is active bookrunner; the company plans to list the new preferred on NYSE under 'IIPR Pr B.' No offering size or pricing terms were disclosed in the launch announcement.

•1mo ago

Innovative Industrial Properties Declares Third Quarter 2026 Dividends

Innovative Industrial Properties (NYSE: IIPR) declared a third quarter 2026 dividend of $1.90 per common share, an annualized rate of $7.60 per share. The board also declared a regular quarterly preferred dividend of $0.5625 per share on IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. Both dividends are payable October 15, 2026 to stockholders of record at the close of business on September 30, 2026; the company has paid $1.2 billion in common dividends since its 2016 inception.

•1mo ago

Glean:GO Brings Enterprise AI Leaders to San Francisco: NYSE Content Update

The NYSE issued its daily pre-market update featuring interviews with enterprise AI leaders from Glean and Lattice, focusing on sector challenges and acquisitions. Market attention is centered on Nvidia's upcoming earnings report, with analysts projecting EPS of $2.09 and revenue exceeding $92 billion. The trading day opens with Optimal Tax Asset Management celebrating its launch, while Innovative Industrial Properties rings the closing bell for its 10th listing anniversary.

•2mo ago

Innovative Industrial Properties Announces Second Quarter 2026 Earnings Release Date and Conference Call

Innovative Industrial Properties will release its second quarter 2026 financial results after the market closes on Monday, August 3, 2026. Management is scheduled to host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, August 4 to review the quarter's performance. The webcast and replay will be available on the company's investor relations website.

•3mo ago

Innovative Industrial Properties Declares Second Quarter 2026 Dividends

Innovative Industrial Properties declared a Q2 2026 common dividend of $1.90 per share, maintaining its annualized yield of $7.60. The board also declared a quarterly dividend of $0.5625 per share on its 9.00% Series A Cumulative Redeemable Preferred Stock. Dividends are payable July 15, 2026, to shareholders of record as of June 30, 2026. The company has paid $1.2 billion in common dividends since its 2016 inception.

•4mo ago

Innovative Industrial Properties Prices Upsized Private Offering of Exchangeable Senior Notes Due 2029

Innovative Industrial Properties priced an upsized private offering of $350 million in 6.0% exchangeable senior notes due 2029, increasing the size from the previously announced $250 million. The notes are issued by its operating partnership and guaranteed by IIPR, with an initial exchange price of approximately $69.39 per share. The company intends to use up to $70 million of the net proceeds to repurchase shares from certain note purchasers in privately negotiated transactions, with the remainder for general corporate purposes.

•4mo ago

Innovative Industrial Properties Announces Launch of $250.0 Million Exchangeable Senior Notes Offering

Innovative Industrial Properties announced a $250 million offering of exchangeable senior notes due 2029 by its operating partnership. The notes are fully guaranteed by the company and exchangeable for cash or common stock at the partnership's option. The company intends to use $50 million of the net proceeds to repurchase shares from certain note purchasers in privately negotiated transactions, with the remainder for general corporate purposes.

•4mo ago

Innovative Industrial Properties Announces Full Repayment of $282 Million of Senior Notes

Innovative Industrial Properties fully repaid its $282 million of 5.50% Senior Notes due May 2026. The repayment was funded using cash on hand, revolving credit facilities, and proceeds from recently closed term loans. Management noted the new debt capital carries a blended interest rate of approximately 8.3%, reflecting current market conditions but increasing the company's cost of debt.

•5mo ago

Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan

Innovative Industrial Properties closed a $56.5 million secured term loan with a three-year initial term and an interest rate of one-month SOFR plus 500 basis points. Proceeds from the financing are earmarked to pay off unsecured notes maturing at the end of the current month. Executive Chairman Alan Gold stated the transaction strengthens the balance sheet and positions the company for strategic growth in 2026 and beyond.

•6mo ago