INNOVATIVE INDUSTRIAL PROPERTIES INC

For the period ended Jun 30, 2026. Filed Aug 4, 2026.

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, 2026 · Filed Aug 4, 2026

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

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Contents

Consolidated Statements of Income

(In thousands, except share and per share amounts)

	For the Three Months EndedJune 30,		For the Six Months EndedJune 30,
	2026	2025	2026	2025
Revenues:
Rental (including tenant reimbursements)	$62,890	$62,866	$131,810	$134,563
Other	425	25	501	50
Total revenues	63,315	62,891	132,311	134,613
Expenses:
Property expenses	7,196	6,867	14,772	14,246
General and administrative expense	7,719	8,626	18,068	17,087
Depreciation and amortization expense	18,799	18,500	37,383	36,891
Impairment loss on real estate	—	—	—	3,527
Total expenses	33,714	33,993	70,223	71,751
Gain (loss) on sale of real estate, net	11,847	—	12,269	—
Income from operations	41,448	28,898	74,357	62,862
Interest and other income	10,752	1,570	17,083	3,183
Interest expense	(8,348)	(4,444)	(14,779)	(8,944)
Net income	43,852	26,024	76,661	57,101
Preferred stock dividends	(3,187)	(878)	(5,841)	(1,659)
Net income attributable to common stockholders	$40,665	$25,146	$70,820	$55,442
Net income attributable to common stockholders per share (Note 10):
Basic	$1.39	$0.87	$2.43	$1.92
Diluted	$1.36	$0.86	$2.39	$1.90
Weighted-average shares outstanding:
Basic	28,443,143	27,924,092	28,218,773	28,098,850
Diluted	29,992,248	28,317,693	29,233,929	28,452,111

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.