INNOVATIVE INDUSTRIAL PROPERTIES INC
For the period ended Dec 31, 2025. Filed Feb 24, 2026.
View on SEC.govAbout this filing
A company's yearly report to the SEC, with audited financial statements. It is the fullest account a company gives of its business, its finances and the risks it sees.
FY2025 · Filed Feb 24, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
SIGNATURES Signatures
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
| INNOVATIVE INDUSTRIAL PROPERTIES, INC. | |
|---|---|
| By: | /s/ Paul Smithers |
| Paul Smithers | |
| President, Chief Executive Officer and Director | |
| (Principal Executive Officer) | |
| By: | /s/ David Smith |
| David Smith | |
| Chief Financial Officer and Treasurer | |
| (Principal Financial Officer) | |
| By: | /s/ Andy Bui |
| Andy Bui | |
| Vice President, Chief Accounting Officer | |
| (Principal Accounting Officer) | |
| Dated February 23, 2026 | |
Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the Registrant and in the capacities and on the dates indicated.
| Name | Capacity | Date |
|---|---|---|
| /s/ Alan Gold | Executive Chairman | February 23, 2026 |
| Alan Gold | ||
| /s/ Gary Kreitzer | Vice Chairman | February 23, 2026 |
| Gary Kreitzer | ||
| /s/ Paul Smithers | President, Chief Executive Officer and | February 23, 2026 |
| Paul Smithers | Director | |
| /s/ David Boyle | Director | February 23, 2026 |
| David Boyle | ||
| /s/ Scott Shoemaker | Director | February 23, 2026 |
| Scott Shoemaker | ||
INDEX TO CONSOLIDATED
FINANCIAL STATEMENTS
| (a) Financial Statements: | |
|---|---|
| Report of Independent Registered Public Accounting Firm (BDO USA, P.C.; San Diego, California; PCAOB ID #243) | F-2 |
| Consolidated Balance Sheets as of December 31, 2025 and 2024 | F-5 |
| Consolidated Statements of Income for the years ended December 31, 2025, 2024 and 2023 | F-6 |
| Consolidated Statements of Stockholders’ Equity for the years ended December 31, 2025, 2024 and 2023 | F-7 |
| Consolidated Statements of Cash Flows for the years ended December 31, 2025, 2024 and 2023 | F-8 |
| Notes to Consolidated Financial Statements | F-9 |
| (b) Financial Statement Schedule: | |
| Schedule III – Real Estate and Accumulated Depreciation as of December 31, 2025 | F-34 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.