Company: IIPR
Filing Date: 2025-04-29
Form Type: DEF 14A
Source: 0001104659-25-041241
Chunk: 70

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-04-29
Form: DEF 14A
Chunk 70
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 Dilutive effect of Exchangeable Senior Notes                                         | ​ | ​ | ​                        | ​ |      9,468 | ​ | ​ | ​ | ​    | ​ |     81,169 | ​ | ​ | ​ | ​    | ​ |    202,076 | ​ | ​ | ​ | ​    | ​ |  2,180,550 | ​ | ​ | ​ | ​    | ​ |          — | ​ | ​ | ​ | ​    | ​ |          — | ​ | ​ | ​ | ​    | ​ |         — | ​ | ​ | ​ | ​    | ​ |         — | ​ | ​ |
| ​ | Weighted average common shares outstanding – diluted                                 | ​ | ​ | ​                        | ​ | 28,530,650 | ​ | ​ | ​ | ​    | ​ | 28,255,797 | ​ | ​ | ​ | ​    | ​ | 27,663,169 | ​ | ​ | ​ | ​    | ​ | 26,261,155 | ​ | ​ | ​ | ​    | ​ | 19,557,619 | ​ | ​ | ​ | ​    | ​ | 10,684,068 | ​ | ​ | ​ | ​    | ​ | 7,285,801 | ​ | ​ | ​ | ​    | ​ | 3,507,145 | ​ | ​ |

(1) Amount reflects the $3.9 million disposition-contingent lease termination fee received concurrently with the sale of a property in Los Angeles, California, net of the loss on sale of real estate of $3.4 million 49

TABLE OF CONTENTS (2) Amount reflects the non-refundable interest paid on the seller-financed note issued to us by the buyer in connection with our disposition of a portfolio of four properties in southern California, which is recognized as a deposit liability and is included in other liabilities in our consolidated balance sheets as of December 31, 2024 and 2023, as the transaction did not qualify for recognition as a completed sale. (3) Amount reflects the non-refundable lease payments received on two sales-type leases which are recognized as deposit liability starting on January 1, 2024, and is included in other liabilities in our consolidated balance sheet as of December 31, 2024, as the transaction did not qualify for recognition as a completed sale. Prior to the