Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) Innovative Industrial Properties, Inc. (Exact Name of Registrant as Specified in Its Charter) (State or other jurisdiction of incorporation or (I.R.S. Employer Identification No.) organization) Maryland 81-2963381 1389 Center Drive, Suite 200 Park City, UT 84098 (858) 997-3332 (Address of principal executive offices) (Registrant's telephone number) ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) ...

Exhibit 99.1 Innovative Industrial Properties Reports First Quarter 2024 Results Executed New Leases at Four Existing Properties Totaling $69.4 Million in Invested/Committed Capital YTD SAN DIEGO, CA – May 8, 2024 – Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today results for the first quarter ended March 31, 2024. First Quarter 2024 and Year-to-Date Financial Resu ...

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2.21 per share, missing the Zacks Consensus Estimate of $2.27 per share. This compares to FFO of $2.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -2.64%. A quarter ago, it was expected that this company would post FFO of $2.24 per share when it actually produced FFO of $2.28, delivering a surprise of 1.79%.Over the last four quarter ...

Innovative Industrial Properties, Inc. (IIPR) , a leading real estate investment trust (REIT) specializing in the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities, is set to announce its first-quarter 2024 earnings results on May 8 after market close.In the last reported quarter, Innovative Industrial delivered a surprise of 1.79% in terms of adjusted funds from operations (FFO) per share. Results reflecte ...

Innovative Industrial Properties (IIPR) shares soared 4.8% in the last trading session to close at $103.40. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.2% loss over the past four weeks.The increased optimism in the stock stems from the recent media news on marijuana. The U.S. Drug Enforcement Administration is planning to reclassify marijuana as a lower-risk drug. It recommends considering marijuana as a less stringent sche ...

Innovative Industrial Properties (IIPR) closed the most recent trading day at $97.71, moving -0.17% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 1.02%. Elsewhere, the Dow saw an upswing of 0.4%, while the tech-heavy Nasdaq appreciated by 2.03%.The company's stock has dropped by 5.47% in the past month, falling short of the Finance sector's loss of 5.37% and the S&P 500's loss of 3.15%.The upcoming earnings release of Innovative Industrial Properties will ...

The latest trading session saw Innovative Industrial Properties (IIPR) ending at $98.69, denoting a +0.06% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.02%. On the other hand, the Dow registered a loss of 0.11%, and the technology-centric Nasdaq increased by 0.1%.Heading into today, shares of the company had lost 4.78% over the past month, outpacing the Finance sector's loss of 4.82% and lagging the S&P 500's loss of 3.01% in that time.Market p ...

Innovative Industrial Properties (IIPR) closed at $93.62 in the latest trading session, marking a -0.92% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.58%. Meanwhile, the Dow lost 0.12%, and the Nasdaq, a tech-heavy index, lost 1.15%.The company's shares have seen a decrease of 3.19% over the last month, surpassing the Finance sector's loss of 6.34% and falling behind the S&P 500's loss of 1.09%.Investors will be eagerly watching for the performance of Innovative In ...

Cannabis stocks are buzzing with optimism on the back of widespread positive updates. Germany recently legalized pot for recreational use, while Canada is rethinking cannabis taxes. Moreover, Florida is eyeing legalization through a November ballot. These positive developments are pushing cannabis stocks to fresh highs, offering a healthy upside ahead.Furthermore, we’re seeing cannabis’ legal status evolve, and public support in the U.S. is hitting record levels. With global sentiment shifting towards accep ...

In the latest trading session, Innovative Industrial Properties (IIPR) closed at $98.98, marking a +1.22% move from the previous day. The stock outperformed the S&P 500, which registered a daily gain of 0.74%. Elsewhere, the Dow saw a downswing of 0.01%, while the tech-heavy Nasdaq appreciated by 1.68%.The the stock of company has risen by 0.11% in the past month, leading the Finance sector's loss of 3.65% and undershooting the S&P 500's gain of 0.8%.The upcoming earnings release of Innovative Industrial Pr ...