Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 1

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 1
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 the operating performance of real estate companies. A complete reconciliation containing adjustments from GAAP net income attributable to common stockholders to AFFO is included in Appendix A of the proxy statement. TABLE OF CONTENTS (1) “CAGR” represents compound annualized growth rate for the relevant metric. (2) Includes common stock dividends declared during the applicable year. TABLE OF CONTENTS (1) Total stockholder return (“TSR”) from December 1, 2016 (the date that our common stock first began trading on the New York Stock Exchange) through December 31, 2024, calculated based on the stock price appreciation and dividends paid to show the total return to a stockholder over a period of time. TSR assumes dividends are reinvested in common stock on the day the dividend is paid. (2) A real estate investment trust is a “REIT”. The MSCI US REIT Index includes all tax-qualified equity REITs listed in the United States. (1) As of December 31, 2024, unless otherwise noted. (2) Calculated in accordance with the indenture governing the Company’s 5.50% Unsecured Senior Notes due 2026. (3) Consisting of cash and cash equivalents and short-term investments (each as reported on our consolidated balance sheet as of December 31, 2024) and availability under our revolving credit facility as of December 31, 2024. Investing in Our Team We recognize that our success is linked to the talent and expertise of our people. We hire talented employees with diverse backgrounds and perspectives and work to provide an environment with regular open communication where capable team members have fulfilling careers and are encouraged to engage with and make a positive impact with business partners and in the communities in which we operate. Attracting, developing, engaging and retaining our gifted team members, who help create long-term value for our stockholders, is an absolute priority. To invest in our employees and foster a sense of shared purpose, we offer a variety of programs aimed at bettering the lives of our team members, including: • Highly competitive compensation (including salary, cash incentives and equity), including a 401(k) plan with matching contributions; • A best-in-class benefits package, with comprehensive health insurance for each employee and their immediate family at no cost to the employee, including but not limited to a high coverage, low- deductible PPO medical plan, PPO dental coverage, a generous vision plan, short and long-term disability benefits and life and