INNOVATIVE INDUSTRIAL PROPERTIES NYSE: IIPR INNOVATIVEINDUSTRIALPROPERTIES.COM COMPANY PRESENTATION – FEBRUARY 2026 1 Innovative Industrial Properties FORWARD LOOKING STATEMENTS This presentation and our associated comments includes "forward-looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) that are subject to risks and uncertainties. In pa ...

Core Viewpoint - Innovative Industrial Properties (IIPR) received a 'strong buy' rating despite its shares trading in the high triple digits, indicating a potential misalignment between market perception and intrinsic value [1]. Group 1: Company Insights - The investment strategy focuses on identifying Real Estate Investment Trusts (REITs) that are currently out-of-favor, suggesting a contrarian approach to investing [1]. - The analysis emphasizes the importance of fundamental economic insights to assess the true intrinsic value of stocks, which is crucial for long-term investment decisions [1]. Group 2: Market Context - The article reflects a broader trend in the market where certain stocks, like IIPR, may be undervalued despite high trading prices, presenting potential investment opportunities [1].

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☑ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Fiscal Year Ended December 31, 2025 OR o TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the Transition Period From _______to ________ Commission File Number: 001-37949 Innovative Industrial Properties, Inc. (Exact name of registrant as specified in its charter ...

分组1 - Innovative Industrial Properties (IIPR) reported quarterly funds from operations (FFO) of $1.88 per share, exceeding the Zacks Consensus Estimate of $1.81 per share, but down from $2.22 per share a year ago, representing an FFO surprise of +4.06% [1] - The company posted revenues of $66.66 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 0.31%, but down from $76.74 million year-over-year [2] - Over the last four quarters, the company has surpassed consensus FFO estimates two times and topped consensus revenue estimates four times [2] 分组2 - The stock has underperformed the market, losing about 3.5% since the beginning of the year compared to the S&P 500's gain of 0.9% [3] - The current consensus FFO estimate for the coming quarter is $1.78 on revenues of $65.95 million, and for the current fiscal year, it is $7.33 on revenues of $272.06 million [7] - The Zacks Industry Rank for REIT and Equity Trust - Other is currently in the bottom 35% of over 250 Zacks industries, indicating potential challenges for stock performance [8]

Exhibit 99.1 Innovative Industrial Properties Reports Fourth Quarter and Full Year 2025 Results Raised $146 Million of Attractively Priced Debt and Preferred Equity Since October 2025 Executed leases for 337,000 square feet in Q4'25 and Q1'26 To Date SAN DIEGO, CA – February 23, 2026 – Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive Chairman Remarks "During 2025, we made significant p ...

SAN DIEGO--(BUSINESS WIRE)--Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company") announced today results for the fourth quarter and full year ended December 31, 2025. Executive Chairman Remarks "During 2025, we made significant progress executing on our strategy to diversify the Company's portfolio, strengthen our balance sheet, and actively resolve tenant-related matters," said Alan Gold, Executive Chairman of IIP. "Our strategic investment in IQHQ and establishment of a new $100 mi ...

Innovative Industrial Properties, Inc. (IIPR) on the NYSE:IIPR is navigating through a turbulent cannabis market, with significant stock declines but maintaining a high dividend yield.The company's upcoming quarterly earnings are anticipated with cautious optimism, given the low expectations set by Wall Street analysts.Financial metrics such as a price-to-earnings (P/E) ratio of approximately 10.09 and a dividend yield of 15.7% highlight its current valuation and investor appeal despite market challenges.In ...

The cannabis-focused real estate investment trust is scheduled to report fourth-quarter earnings on Feb. 23.Innovative Industrial Properties (IIPR 1.92%), the nation's largest cannabis-focused real estate investment trust (REIT), has been a nightmare for its shareholders for some time now. The stock is down by more than 79% over the past five years and off by more than 37% in the past year alone. The REIT is scheduled to report its fourth-quarter results on Feb. 23. If you're thinking about buying this beat ...

Core Insights - Innovative Industrial Properties (IIPR) is a cannabis REIT that is diversifying into life sciences investments, currently offering a dividend yield of 16.5% and trading below its intrinsic value [1] Group 1: Company Overview - IIPR is a cannabis-focused real estate investment trust (REIT) that is expanding its portfolio to include life sciences investments [1] - The company has been monitored for several years, indicating a long-term interest in its performance and potential [1] Group 2: Investment Strategy - The investment approach focuses on GARP (growth at a reasonable price) stocks while also seeking opportunities in other areas [1] - The investment horizon is flexible, with a strategy to hold stocks as long as the investment thesis remains valid [1] Group 3: Analytical Background - The analyst has developed market-beating algorithms using Python to identify attractive investment opportunities [1] - Previous experience includes working at TipRanks as an analysis/news writer and editor, enhancing the ability to discern market trends and investor interests [1]

3 Top Ancillary Cannabis Stocks to Watch in February 2026The U.S. cannabis industry continues to evolve in 2026. Although operators face margin pressure, the long-term outlook remains compelling. Industry sales are projected to exceed $40 billion in the coming years. Meanwhile, additional state-level reforms continue to expand access. However, federal reform still remains uncertain. Therefore, investors are looking for alternative ways to gain exposure.Ancillary cannabis companies offer a different approach ...