INNOVATIVE INDUSTRIAL PROPERTIES INC

For the period ended Sep 30, 2026. Filed Nov 3, 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.

Sep 30, 2026 · Filed Nov 3, 2026

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	5,666,082	$128,995	27,571,349	$28	$2,072,317	$(349,741)	$1,851,599
Net income	—	—	—	—	—	31,895	31,895
Forfeiture of restricted stock, net of issuance	—	—	(488)	—	(9)	—	(9)
Preferred stock dividends	—	—	—	—	—	(3,187)	(3,187)
Common stock dividends	—	—	—	—	—	(53,127)	(53,127)
Stock-based compensation	—	—	—	—	3,311	—	3,311
Balances at end of period	5,666,082	$128,995	27,570,861	$28	$2,075,619	$(374,160)	$1,830,482

Series A Preferred Stock · Common Stock · AdditionalPaid-In-Capital · Dividends inExcess ofEarnings · TotalStockholders’Equity
Shares · Amount · Shares · Amount
Balances at beginning of period	1,561,654	$36,843	28,017,520	$28		$2,107,963	$(264,428)	$1,880,406
Net income	—	—	—	—		—	29,305	29,305
Forfeiture of restricted stock, net of issuance	—	—	(324)	—		—	—	—
Issuance of preferred stock, net of issuance costs	246,028	5,900	—	—		—	—	5,900
Preferred stock dividends	—	—	—	—		—	(1,017)	(1,017)
Common stock dividends	—	—	—	—		—	(53,776)	(53,776)
Conversion of restricted stock units into common stock, net of forfeitures	—	—	5,779	—		(161)	—	(161)
Stock-based compensation					2,684		2,684
Balances at end of period	1,807,682	$42,743	28,022,975	$28		$2,110,486	$(289,916)	$1,863,341

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	2,019,525	$47,780	28,022,975	$28	$2,113,184	$(312,988)	$1,848,004
Net income	—	—	—	—	—	108,556	108,556
Issuance of restricted stock, net of forfeitures	—	—	139,298	—	(971)	—	(971)
Issuance of preferred stock, net of issuance costs	3,646,557	81,215	—	—	—	—	81,215
Issuance of common stock, net of issuance costs	—	—	859,497	1	44,030	—	44,031
Repurchase of common stock	—	—	(1,468,542)	(1)	(88,968)	—	(88,969)
Preferred stock dividends	—	—	—	—	—	(9,028)	(9,028)
Common stock dividends	—	—	—	—	—	(160,700)	(160,700)
Conversion of restricted stock units into common stock, net of forfeitures	—	—	17,633	—	(377)	—	(377)
Stock-based compensation	—	—	—	—	8,721	—	8,721
Balances at end of period	5,666,082	$128,995	27,570,861	$28	$2,075,619	$(374,160)	$1,830,482

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	—	—	—	—	—	86,406	86,406
Issuance of restricted stock, net of forfeitures	—	—	56,901	—	(792)	—	(792)
Issuance of preferred stock, net of issuance costs	805,009	19,111	—	—	—	—	19,111
Repurchase of common stock	—	—	(371,538)	—	(20,108)	—	(20,108)
Preferred stock dividends	—	—	—	—	—	(2,676)	(2,676)
Common stock dividends	—	—	—	—	—	(162,022)	(162,022)
Conversion of restricted stock units into common stock, net of forfeitures	—	—	5,779	—	(161)	89	(72)
Stock-based compensation	—	—	—	—	7,434	—	7,434
Balances at end of period	1,807,682	$42,743	28,022,975	$28	$2,110,486	$(289,916)	$1,863,341

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.