BTIG Research downgraded Innovative Industrial Properties from Buy to Neutral

Piper Sandler downgraded Innovative Industrial Properties from Neutral to Underweight and set a new price target of $70.00 from $118.00 previously

Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $78.00 from $125.00 previously

Alliance Global Partners initiated coverage of Innovative Industrial Properties with a rating of Buy and set a new price target of $130.00

Compass Point upgraded Innovative Industrial Properties from Neutral to Buy and set a new price target of $125.00

Compass Point downgraded Innovative Industrial Properties from Buy to Neutral and set a new price target of $95.00

Piper Sandler downgraded Innovative Industrial Properties from Overweight to Neutral and set a new price target of $80.00

Craig Hallum downgraded Innovative Industrial Properties from Buy to Hold and set a new price target of $80.00 from $125.00 previously

JMP Securities downgraded Innovative Industrial Properties from Mkt Outperform to Mkt Perform

Compass Point upgraded Innovative Industrial Properties from Neutral to Buy and set a new price target of $175.00 from $100.00 previously

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

4 - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Issuer)

Innovative Industrial Properties, Inc. (IIP), through indirect, wholly owned subsidiaries serving as landlords, previously entered into leases (collectively, the Leases) with PharmaCann Inc. and its affiliates (collectively, PharmaCann) as tenants for eleven properties that IIP owns, which represented 17% of IIP's total rental revenues for the three and nine months ended September 30, 2024. On December 19, 2024, PharmaCann defaulted on its obligations to pay rent for the month of December under six of the eleven Leases, for properties located in Illinois, Massachusetts, Michigan, New York, Ohio and Pennsylvania. December rent, including base rent, property management fees and estimated ta

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 15, 2025 to stockholders of record at the close of business on December 31, 2024. About Innovative Indus

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2024. Financial Results, Dividend and Capital Raising Activity Generated total revenues of $76.5 million and net income attributable to common stockholders of $39.7 million, or $1.37 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $64.3 million and $57.8 million, respectively. Pai

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2024 after the market closes on Wednesday, November 6, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 7, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.in

Q3 2024 Cash Dividend of $1.90 Per Common Share Equates to Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. "We are proud to declare our 30th consecutive quarterly dividend since our inception in 2016," said Paul Smithers, President and Chief Executive Officer of IIP. "Since our inception, we have continued to share our growing cash fl

Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results and Dividend Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million, or $1.44 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operatio

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2024 after the market closes on Monday, August 5, 2024. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, August 6, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativein

Q2 2024 Cash Dividend of $1.90 Per Common Share Equates to 4.4% Increase from Prior Quarter and an Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2024 dividend of $1.90 per share of common stock, representing a 4.4% increase over IIP's first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per common share. "We are pleased to announce an increase in our quarterly common s

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a 16 acre property comprising 145,000 square feet of industrial space in Ocala, Florida, and entered into a long-term, triple-net lease with a subsidiary of AYR Wellness Inc. (CSE:AYR, OTCQX:AYRWF) (AYR). The purchase price for the property was $13.0 million ($90 per square foot). AYR is expected to redevelop one building on the property comprising 98,000 square feet of industrial space for expected use as a regulated cannabis cultivation facility upon completion

Executed New Leases at Four Existing Properties Totaling $69.4 Million in Invested/Committed Capital YTD Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2024. First Quarter 2024 and Year-to-Date Financial Results and Dividend Generated total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million, or $1.36 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operation

8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

10-Q - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

10-Q/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

10-Q/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

10-K/A - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

8-K - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

10-Q - INNOVATIVE INDUSTRIAL PROPERTIES INC (0001677576) (Filer)

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP's 9.00% Series A Cumulative Redeemable Preferred Stock. The dividends are payable on January 15, 2025 to stockholders of record at the close of business on December 31, 2024. About Innovative Indus

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the third quarter ended September 30, 2024. Financial Results, Dividend and Capital Raising Activity Generated total revenues of $76.5 million and net income attributable to common stockholders of $39.7 million, or $1.37 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operations (AFFO) and normalized funds from operations (Normalized FFO) of $64.3 million and $57.8 million, respectively. Pai

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its third quarter ended September 30, 2024 after the market closes on Wednesday, November 6, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 7, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.in

Q3 2024 Cash Dividend of $1.90 Per Common Share Equates to Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2024 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. "We are proud to declare our 30th consecutive quarterly dividend since our inception in 2016," said Paul Smithers, President and Chief Executive Officer of IIP. "Since our inception, we have continued to share our growing cash fl

Second quarter dividend increased 4.4%, continuing track record of increasing dividend every year since inception in 2016 Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the second quarter ended June 30, 2024. Second Quarter 2024 Financial Results and Dividend Generated total revenues of $79.8 million and net income attributable to common stockholders of $41.7 million, or $1.44 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operatio

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its second quarter ended June 30, 2024 after the market closes on Monday, August 5, 2024. Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; Catherine Hastings, Chief Operating Officer; and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, August 6, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativein

Q2 2024 Cash Dividend of $1.90 Per Common Share Equates to 4.4% Increase from Prior Quarter and an Annualized Dividend of $7.60 per Common Share Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a second quarter 2024 dividend of $1.90 per share of common stock, representing a 4.4% increase over IIP's first quarter 2024 dividend of $1.82 per share of common stock. The dividend is equivalent to an annualized dividend of $7.60 per common share. "We are pleased to announce an increase in our quarterly common s

Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today that it closed on the acquisition of a 16 acre property comprising 145,000 square feet of industrial space in Ocala, Florida, and entered into a long-term, triple-net lease with a subsidiary of AYR Wellness Inc. (CSE:AYR, OTCQX:AYRWF) (AYR). The purchase price for the property was $13.0 million ($90 per square foot). AYR is expected to redevelop one building on the property comprising 98,000 square feet of industrial space for expected use as a regulated cannabis cultivation facility upon completion

Executed New Leases at Four Existing Properties Totaling $69.4 Million in Invested/Committed Capital YTD Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE:IIPR) focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2024. First Quarter 2024 and Year-to-Date Financial Results and Dividend Generated total revenues of $75.5 million and net income attributable to common stockholders of $39.1 million, or $1.36 per share (all per share amounts in this press release are reported on a diluted basis unless otherwise noted). Recorded adjusted funds from operation

Innovative Industrial Properties, Inc. (NYSE:IIPR) announced today it will report results for its first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 2024. Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, May 9, 2024, to discuss the company's financial results and operations for the quarter. The call will be available through a live audio webcast at the Investor Relations section of the company's website at www.innovativeindu