Company: IIPR
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001677576-25-000005
Chunk: 42

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 42
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Basic27,912,88128,254,56528,036,17928,216,946Diluted28,303,60028,579,68728,402,06328,548,050

See accompanying notes to the consolidated financial statements.

4

Table of Contents

Innovative Industrial Properties, Inc.

Consolidated Statements of Stockholders’ Equity

(Unaudited)

(In thousands, except share amounts)

Three Months Ended September 30, 2025Series A Preferred StockCommon StockAdditionalPaid-In-CapitalDividends inExcess ofEarningsTotalStockholders’EquitySharesAmountSharesAmountBalances at beginning of period1,561,654$36,843 28,017,520$28 $2,107,963 $(264,428)$1,880,406 Net income—— —— — 29,305 29,305 Forfeiture of unvested restricted stock, net of issuance—— (324)— — — — Issuance of preferred stock, net of issuance costs246,0285,900 —— — — 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 period1,807,682$42,743 28,022,975$28 $2,110,486 $(289,916)$1,863,341 

Nine Months Ended September 30, 2025Series A Preferred StockCommon StockAdditionalPaid-In-CapitalDividends inExcess ofEarningsTotalStockholders’EquitySharesAmountSharesAmountBalances at beginning of period1,002,673$23,632 28,331,833$28 $2,124,113 $(211,713)$1,936,060 Net income—— —— — 86,406 86,406 Issuance of unvested restricted stock, net of forfeitures—— 56,901— (792)— (792)Issuance of preferred stock, net of issuance costs805,00919,111 —— —