Company: IIPR
Filing Date: 2025-11-04
Form Type: 10-Q
Source: 0001677576-25-000005
Chunk: 187

Company: INNOVATIVE INDUSTRIAL PROPERTIES INC
Filing Date: 2025-11-04
Form: 10-Q
Item: Part I, Item 8
Chunk 187
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 continue to pay dividends is dependent upon our ability to continue to generate cash flows, service any debt obligations we have, including our Notes due 2026 and borrowings under our Credit Facilities, and make accretive new investments.

The following table describes the dividends declared by the Company during the nine months ended September 30, 2025:

Declaration DateSecurity ClassAmountPer ShareRecord DateDividendPaid DateDividendAmount(In thousands)March 14, 2025Common stock$1.90 March 31, 2025April 15, 2025$54,463 March 14, 2025Series A preferred stock$0.5625 March 31, 2025April 15, 2025$781 June 13, 2025Common stock$1.90 June 30, 2025July 15, 2025$53,783 June 13, 2025Series A preferred stock$0.5625 June 30, 2025July 15, 2025$878 September 15, 2025Common stock$1.90 September 30, 2025October 15, 2025$53,776 September 15, 2025Series A preferred stock$0.5625 September 30, 2025October 15, 2025$1,017 

Contractual Obligations

The following table summarizes our contractual obligations as of September 30, 2025 (in thousands):

Payments Dueby YearNotes due 2026Revolving Credit FacilityInterestOffice RentTotal2025 (three months ending December 31)$— $— $5,129 $132 $5,261 2026291,215 50,000 10,113 543 351,871 2027— — — 45 45 2028— — — — — 2029— — — — — Total$291,215 $50,000 $15,242 $720 $357,177 

Additionally, as of September 30, 2025, we had (1) $165.0 million remaining on our commitment to purchase up to $170.0 million of IQHQ Preferred Stock which is scheduled to be funded in various installments by June 30, 2027, subject to extension options exercisable by IQ