Company: IIPR
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001677576-25-000005
Chunk: 43

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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 — 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 period1,807,682$42,743 28,022,975$28 $2,110,486 $(289,916)$1,863,341 

5

Three Months Ended September 30, 2024Series A Preferred StockCommon StockAdditionalPaid-In-CapitalDividends inExcess ofEarningsTotalStockholders’EquitySharesAmountSharesAmountBalances at beginning of period600,000$14,009 28,331,833$28 $2,115,482 $(182,319)$1,947,200 Net income—— —— — 40,215 40,215 Issuance of preferred stock, net of issuance costs402,6739,623 —— — — 9,623 Preferred stock dividends—— —— — (564)(564)Common stock dividends—— —— — (54,253)(54,253)Stock-based compensation—— —— 4,316 — 4,316 Balances at end of period1,002,673$23,632 28,331,833$28 $2,119,798 $(196,921)$1,946,537 

Nine Months Ended September 30, 2024Series A Preferred StockCommon StockAdditionalPaid-In-CapitalDividends inExcess ofEarningsTotalStockholders’EquitySharesAmountSharesAmountBalances at beginning of period600,000$14,009 28,140,891$28 $2,095,789 $(156,854)$1,952,972 Net income—— —— — 121,636 121,636 Issuance of unvested restricted stock, net of forfeitures—— 39,310— (750)— (750)Exchange of Exchangeable Senior Notes—— 28,408—