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03.11.25 - 23:06
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Innovative Industrial Properties Reports Third Quarter 2025 Results (Business Wire)
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Announced $270 Million Commitment Into IQHQ, A Premier Life Science Real Estate Platform
Closed on a New $100 Million Secured Revolving Credit FacilitySAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the third quarter ended September 30, 2025.
Executive Chairman Remarks
“We are pleased to have made our first investment outside of the cannabis industry during the third quarter with our $270 million financial investment into IQHQ, marking IIP's return to growth and providing meaningful diversification and accretion for IIP's shareholders,” said Alan Gold, Executive Chairman of IIP. “In addition, the successful closing of our new $100 million credit facility reinforces our belief that our investment in the life science sector enhances both our access to, and cost of, capital. With a strong, low-leveraged balance sheet, this credit facility strengthens our financial flexibility and positions us to c...
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21.10.25 - 12:06
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Innovative Industrial Properties Announces Third Quarter 2025 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 third quarter 2025 results after the close of trading on the New York Stock Exchange 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 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 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call. The complete webcast will be archived for 90 days 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, November 4, 2025 until 12:00 p.m. Pacific Time on Tuesday, November 11, 2025 by calling 1‐87...
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06.10.25 - 14:54
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Innovative Industrial Properties Announces New $100 Million Revolving Credit Facility to Support Strategic Growth (Business Wire)
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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”) announced today that it has closed on a new $100 million secured revolving credit facility (“Credit Facility”) with a federally regulated commercial bank.
“The successful closing of this credit facility supports our thesis that our recent investment in the life science industry should lead to both improved access to, and lower cost of, capital,” said Alan Gold, Executive Chairman of IIP. “With an already strong, low leveraged balance sheet, this credit facility enhances our financial flexibility and provides us with an attractive, accretive investment spread exceeding 800 basis points on our IQHQ investment, and positions us to continue to capitalize on the attractive, long-term strength of the life science industry. We appreciate the strong support we received from our banking partner for this significant commitment of capital.”
The Credit Facility has an initial term of 3 years an...
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02.10.25 - 00:27
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Innovative Industrial Properties Announces Closing of Initial Investment Into IQHQ (Business Wire)
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Transaction Expected to Generate Significant Earnings Accretion for IIP ShareholdersSAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), announced today that it has closed its initial investment into IQHQ, Inc. (“IQHQ”), a premier life science real estate platform. The initial investment totaled $105 million and was comprised of a $100 million investment into a revolving credit facility with the remainder invested in shares of preferred stock of IQHQ. The initial investment was funded through cash on hand and draws from the Company's revolving credit facility. Pro forma for this investment, the Company's remaining IQHQ commitments total up to $165 million of preferred stock, which is expected to be funded in multiple tranches between the fourth quarter of 2025 and the second quarter of 2027.
“IIPR is pleased to continue to deploy capital in a highly accretive way for the benefit of shareholders. This is our first investment outside of th...
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15.09.25 - 12:57
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Innovative Industrial Properties Declares Third Quarter 2025 Dividends (Business Wire)
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SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) (“IIP” or the “Company”), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a third quarter 2025 dividend of $1.90 per share of common stock, representing an annualized dividend of $7.60 per common share. Since its inception in 2016, the Company has paid $1.0 billion in common stock dividends to its shareholders.
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 October 15, 2025 to stockholders of record at the close of business on September 30, 2025.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of special...
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