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INNOVATIVE INDUSTRIAL PROPERTIES INC

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

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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$55.54+1.3%Stored close · as of Nov 9, 2026

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Item 6. Exhibits

ExhibitNumberDescription of Exhibit
3.1Second Articles of Amendment and Restatement of Innovative Industrial Properties, Inc. (including Articles Supplementary classifying Innovative Industrial Properties, Inc.’s 9.0% Series A Cumulative Redeemable Preferred Stock (incorporated by reference to Exhibit 3.1 to the Company’s Quarterly Report on Form 10-Q filed by the Company on August 6, 2020).
3.2Articles Supplementary to the Second Articles of Amendment and Restatement of Innovative Industrial Properties, Inc. (including Articles Supplementary classifying Innovative Industrial Properties, Inc.’s 9.0% Series A Cumulative Redeemable Preferred Stock) (incorporated by reference to Exhibit 3.1 to the Form 8-K filed by the Company on May 24, 2024).
3.3Third Amended and Restated Bylaws of Innovative Industrial Properties, Inc. (incorporated by Reference to Exhibit 3.1 to the Form 8-K filed by the Company on December 8, 2022).
4.1Indenture, dated as of June 15, 2026, among the Operating Partnership, as issuer, the Company, as guarantor, and the Trustee, as trustee, including the Form of Note representing the Operating Partnership’s 6.00% Exchangeable Senior Notes due 2029 (incorporated by reference to Exhibit 4.1 to the Form 8-K filed by the Company on June 15, 2026).
4.2Form of 6.00% Exchangeable Senior Note (included as Exhibit A to Exhibit 4.1)
10.1Promissory Note, dated as of April 24, 2026, by IIP-IL 2 LLC in favor of Generations Bank (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on April 29, 2026).
10.2Promissory Note, dated as of May 5, 2026, by IIP-OH 2 LLC, IIP-NJ 1 LLC, IIP-FL 4 LLC, IIP-FL 2 LLC, IIP NY-2 LLC, IIP-MI 7 LLC, IIP-VA 1 LLC and IIP-PA 5 LLC in favor of Thorofare Asset Based Lending Reit Fund V, LLC (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on May 6, 2026).
10.3Loan Agreement, dated as of May 5, 2026, by and between IIP-OH 2 LLC, IIP-NJ 1 LLC, IIP-FL 4 LLC, IIP-FL 2 LLC, IIP NY-2 LLC, IIP-MI 7 LLC, IIP-VA 1 LLC and IIP-PA 5 LLC and Thorofare Asset Based Lending Reit Fund V, LLC (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on May 6, 2026).
10.4Pledge and Security Agreement (Interests in Borrowers), dated as of May 5, 2026, by IIP Operating Partnership, LP and Thorofare Asset Based Lending Reit Fund V, LLC (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by the Company on May 6, 2026).
10.5Guaranty (Unsecured), dated as of May 5, 2026, by Innovative Industrial Properties, Inc. and Thorofare Asset Based Lending Reit Fund V, LLC (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on May 6, 2026).
10.6Loan Agreement, dated as of May 18, 2026, by and between IIP-MA 7 LLC and Amalgamated Bank (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on May 19, 2026).
10.7Loan Agreement, dated as of May 18, 2026, by and between IIP-PA 6 LLC and Amalgamated Bank (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on May 19, 2026).
10.8Form of Promissory Note, dated as of May 18, 2026, by each of IIP-MA 7 LLC and IIP-PA 6 LLC, respectively, in favor of Amalgamated Bank (incorporated by reference to Exhibit 10.3 to the Form 8-K filed by the Company on May 19, 2026).
10.9Mortgage (With Power of Sale), Assignment of Leases and Rents, Security Agreement and Fixture Filing executed and delivered by IIP-MA 7 LLC, in favor of Amalgamated Bank (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on May 19, 2026).
10.10Open-End Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of May 18, 2026, by IIP-PA 6 LLC in favor of Amalgamated Bank (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on May 19, 2026).
10.11Form of Guaranty, dated as of May 18, 2026, by Innovative Industrial Properties, Inc. in favor of Amalgamated Bank (incorporated by reference to Exhibit 10.6 to the Form 8-K filed by the Company on May 19, 2026).
10.12Loan Agreement, dated as of May 19, 2026, by and between IIP-MD 1 LLC and Amalgamated Bank (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on May 20, 2026).
10.13Loan Agreement, dated as of May 19, 2026, by and between IIP-NJ 3 LLC and Amalgamated Bank (incorporated by reference to Exhibit 10.2 to the Form 8-K filed by the Company on May 20, 2026).
10.14Mortgage, Assignment of Leases and Rents, Security Agreement and Fixture Filing executed and delivered by IIP-NJ 3 LLC, in favor of Amalgamated Bank (incorporated by reference to Exhibit 10.4 to the Form 8-K filed by the Company on May 20, 2026).
10.15Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing, dated as of May 19, 2026, by IIP-MD 1 LLC in favor of Amalgamated Bank (incorporated by reference to Exhibit 10.5 to the Form 8-K filed by the Company on May 20, 2026).
10.16ATM Advance Agreement, dated as of May 22, 2026, by and between Innovative Industrial Properties, Inc. and A.G.P./Alliance Global Partners (incorporated by reference to Exhibit 10.1 to the Form 8-K filed by the Company on May 22, 2026).
10.17Innovative Industrial Properties, Inc. 2026 Omnibus Incentive Plan (incorporated herein by reference to Appendix B to the Company’s Definitive Proxy Statement on Schedule 14A filed on April 22, 2026).
10.18*Form of Restricted Stock Awards Agreement
10.19*Form of Restricted Stock Unit Award Agreement
31.1*Certification of Chief Executive Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*Certification of Chief Financial Officer pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*Certifications of Chief Executive Officer and Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101INS*Inline XBRL Instance Document – the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH*Inline XBRL Taxonomy Extension Schema Document.
101.CAL*Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*Cover Page Interactive Date File (formatted as Inline XBRL and contained in Exhibit 101).
*Filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto 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)
Dated August 4, 2026
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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.