INNOVATIVE INDUSTRIAL PROPERTIES INC

For the period ended Jun 30, 2025. Filed Aug 7, 2025.

About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Jun 30, 2025 · Filed Aug 7, 2025

IIPR$55.06-0.9%Stored close · as of Nov 10, 2026

Extracted filing text, with the paragraph anchors used by the comparison.

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Contents

Consolidated Statements of Stockholders’ Equity

(In thousands, except share amounts)

Series A Preferred Stock · Common Stock · AdditionalPaid-In-Capital · Dividends inExcess ofEarnings · TotalStockholders’Equity
Shares · Amount · Shares · Amount
Balances at beginning of period	1,387,820	$32,818	28,378,181	$28	$2,125,109	$(235,791)	$1,922,164
Net income	—	—	—	—	—	26,024	26,024
Issuance of unvested restricted stock	—	—	6,291	—	—	—	—
Issuance of preferred stock, net of issuance costs	173,834	4,025	—	—	—	—	4,025
Repurchase of common stock	—	—	(366,952)	—	(19,818)	—	(19,818)
Preferred stock dividends	—	—	—	—	—	(878)	(878)
Common stock dividends	—	—	—	—	—	(53,783)	(53,783)
Stock-based compensation	—	—	—	—	2,672	—	2,672
Balances at end of period	1,561,654	$36,843	28,017,520	$28	$2,107,963	$(264,428)	$1,880,406

Series A Preferred Stock · Common Stock · AdditionalPaid-In-Capital · Dividends inExcess ofEarnings · TotalStockholders’Equity
Shares · Amount · Shares · Amount
Balances at beginning of period	1,002,673	$23,632	28,331,833	$28	$2,124,113	$(211,713)	$1,936,060
Net income	—	—	—	—	—	57,101	57,101
Issuance of unvested restricted stock, net of forfeitures	—	—	57,225	—	(792)	—	(792)
Issuance of preferred stock, net of issuance costs	558,981	13,211	—	—	—	—	13,211
Repurchase of common stock	—	—	(371,538)	—	(20,108)	—	(20,108)
Preferred stock dividends	—	—	—	—	—	(1,659)	(1,659)
Common stock dividends	—	—	—	—	—	(108,246)	(108,246)
Forfeiture of unvested restricted stock units	—	—	—	—	—	89	89
Stock-based compensation	—	—	—	—	4,750	—	4,750
Balances at end of period	1,561,654	$36,843	28,017,520	$28	$2,107,963	$(264,428)	$1,880,406

Series A Preferred Stock · Common Stock · AdditionalPaid-In-Capital · Dividends inExcess ofEarnings · TotalStockholders’Equity
Shares · Amount · Shares · Amount
Balances at beginning of period	600,000	$14,009	28,328,647	$28	$2,111,111	$(169,721)	$1,955,427
Net income	—	—	—	—	—	41,993	41,993
Issuance of unvested restricted stock	—	—	3,186	—	—	—	—
Preferred stock dividends	—	—	—	—	—	(338)	(338)
Common stock dividends	—	—	—	—	—	(54,253)	(54,253)
Stock-based compensation	—	—	—	—	4,371	—	4,371
Balances at end of period	600,000	$14,009	28,331,833	$28	$2,115,482	$(182,319)	$1,947,200

Series A Preferred Stock · Common Stock · AdditionalPaid-In-Capital · Dividends inExcess ofEarnings · TotalStockholders’Equity
Shares · Amount · Shares · Amount
Balances at beginning of period	600,000	$14,009	28,140,891	$28	$2,095,789	$(156,854)	$1,952,972
Net income	—	—	—	—	—	81,421	81,421
Issuance of unvested restricted stock, net of forfeitures	—	—	39,310	—	(750)	—	(750)
Exchange of Exchangeable Senior Notes	—	—	28,408	—	—	—	—
Issuance of common stock, net of issuance costs	—	—	123,224	—	11,757	—	11,757
Preferred stock dividends	—	—	—	—	—	(676)	(676)
Common stock dividends	—	—	—	—	—	(106,210)	(106,210)
Stock-based compensation	—	—	—	—	8,686	—	8,686
Balances at end of period	600,000	$14,009	28,331,833	$28	$2,115,482	$(182,319)	$1,947,200

ContentsView on SEC.gov

The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.