Company: IIPR
Filing Date: 2025-08-07
Form Type: 10-Q
Source: 0001628280-25-038972
Chunk: 14

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-08-07
Form: 10-Q
Item: Part I, Item 1
Chunk 14
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,69328,572,13828,452,11128,527,419

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 June 30, 2025Series A Preferred StockCommon StockAdditionalPaid-In-CapitalDividends inExcess ofEarningsTotalStockholders’EquitySharesAmountSharesAmountBalances at beginning of period1,387,820$32,818 28,378,181$28 $2,125,109 $(235,791)$1,922,164 Net income—— —— — 26,024 26,024 Issuance of unvested restricted stock—— 6,291— — — — Issuance of preferred stock, net of issuance costs173,8344,025 —— — — 4,025 Repurchase of common stock—— (366,952)— (19,818)— (19,818)Preferred stock dividends—— —— — (878)(878)Common stock dividends—— —— — (53,783)(53,783)Stock-based compensation—— —— 2,672 — 2,672 Balances at end of period1,561,654$36,843 28,017,520$28 $2,107,963 $(264,428)$1,880,406 

Six Months Ended June 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—— —— — 57,101 57,101 Issuance of unvested restricted stock, net of forfeitures—— 57,225— (792)— (792)Issuance of preferred stock, net of issuance costs558,98113,211 —— — — 13,211 Repurchase of common stock—— (371,538)— (20,108)— (20,108)Preferred stock dividends—— ——