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06.05.26 - 12:36
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Innovative Industrial Properties Announces Closing of $56.5 Million Secured Term Loan (Business Wire)
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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it has closed on a $56.5 million secured term loan (the “Loan”). The Loan has an initial term of three years, bears interest at the one-month Secured Overnight Financing Rate (SOFR) plus a spread of 500 basis points, is interest only and is secured by certain properties of the Company. The proceeds from the Loan are expected to be used to pay off the Company's unsecured notes that are maturing at the end of this month.
“The successful closing of this loan reflects the continued confidence in our platform and portfolio. We are appreciative of our new lending relationship that provided this capital to the Company,” said Alan Gold, Executive Chairman of IIP. “This financing further strengthens our balance sheet and positions us to execute on strategic growth opportunities for 2026 and beyond.”
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a real estate investme...
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04.05.26 - 22:33
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Innovative Industrial Properties Reports First Quarter 2026 Results (Business Wire)
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$128 Million of Equity and Debt Capital Raised Year-To-Date
Executed Leases for 389,000 Square Feet Year-To-DateSAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the first quarter ended March 31, 2026.
Executive Chairman Remarks
“We are encouraged by the pace of leasing activity year-to-date, including nearly 400,000 square feet of executed leases, which underscores the ongoing demand for our properties," said Alan Gold, Executive Chairman of IIP. "At the same time, we have taken deliberate steps to fortify our balance sheet through equity and debt capital raising activity, and have additional secured and unsecured debt financings underway totaling nearly $130 million, to be used to address our upcoming bond maturity and position us for growth.”
First Quarter 2026 and Second Quarter to Date Highlights
Financial Results and Dividend
Total revenues of $69.0 million and net income attributable...
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20.04.26 - 12:36
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Innovative Industrial Properties Announces First Quarter 2026 Earnings Release Date and Conference Call (Business Wire)
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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) announced today it will report its first quarter 2026 results after the close of trading on the New York Stock Exchange on Monday, May 4, 2026.
Management will host an investor conference call at 9:00 a.m. Pacific Time on Tuesday, May 5, 2026, 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.innovativeindustrialproperties.com, or live by calling 1-800-715-9871 (domestic) or 1-646-307-1963 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call. The complete webcast will be archived for 1 year on the company's website. A telephone playback of the conference call will also be available from 12:00 p.m. Pacific Time on Tuesday, May 5, 2026 until 8:59 p.m. Pacific Time on Tuesday, May 12, 2026 by calling 1‐800-770-2030 (domestic),...
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