Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Innovative Industrial Properties, Inc. (IIPR) due to significant financial losses and misleading statements made by the company regarding its leasing operations and financial performance [2][4]. Financial Performance - IIPR reported a normalized FFO per share of $2.02 for Q3 2024, missing the consensus estimate of $2.03 and declining from $2.09 in Q3 2023 [5]. - The company reported revenue of $76.5 million for Q3 2024, missing the consensus estimate of $77.5 million and declining from $77.8 million in Q3 2023 [5]. - The year-over-year revenue decrease was attributed to a $3.0 million decline in contractual rent and property management fees, a $1.3 million decline due to re-classifications of leases, and $1.3 million of contractually due rent that was not collected [5]. Stock Price Reaction - Following the Q3 2024 financial results announcement, IIPR's stock price fell by $12.93 per share, or 10.51%, closing at $110.07 on November 7, 2024 [6]. - After the announcement of PharmaCann's default on rent obligations, IIPR's stock price dropped by $21.68 per share, or 22.73%, closing at $73.66 on December 20, 2024 [7]. Legal Proceedings - A federal securities class action has been filed against IIPR, with a deadline of March 18, 2025, for investors to seek the role of lead plaintiff [2][8]. - The complaint alleges that IIPR and its executives violated federal securities laws by making false and misleading statements regarding the company's financial health and leasing operations [4].

NEW YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Innovative Industrial Properties, Inc. (NYSE: IIPR).Shareholders who purchased shares of IIPR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery.CONTACT US HERE:https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form-2/?id=1305 ...

Innovative Industrial Properties (IIPR) came out with quarterly funds from operations (FFO) of $2.22 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $2.28 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this company would post FFO of $2.29 per share when it actually produced FFO of $2.25, delivering a surprise of -1.75%.Over the last four quarters, the company has surpassed consensus FFO estimates just once.Innovative ...

Exhibit 99.1 Innovative Industrial Properties Reports Fourth Quarter and Full-Year 2024 Results 2024 Leasing Activity of 530,000 Square Feet, or 6% of Total Portfolio SAN DIEGO, CA – February 19, 2025 – Innovative Industrial Properties, Inc. (NYSE: IIPR) ("IIP" or the "Company"), the first and only real estate company on the New York Stock Exchange focused on the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2024. Fourth Quarter 2024 Financial R ...

Faruqi & Faruqi, LLP Securities Litigation Partner James (Josh) Wilson Encourages Investors Who Suffered Losses Exceeding $75,000 In Innovative Industrial Properties To Contact Him Directly To Discuss Their Options If you suffered losses exceeding $75,000 in Innovative Industrial Properties between February 27, 2024 and December 19, 2024 and would like to discuss your legal rights, call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310). [You may also click here for add ...

Industry Overview - The cannabis industry is expected to experience significant growth in 2025, with increasing investor interest in companies that prioritize sustainability and social equity [1] - As consumer awareness regarding purchasing decisions rises, cannabis companies aligning with these values may attract more investors [1] Market Dynamics - The influx of cannabis farmers may lead to a mix of quality in production, with top-tier growers distinguishing themselves from lower-quality producers [2] - This evolving landscape has prompted a shift in investment strategies, focusing on identifying promising marijuana stocks [2][3] Investment Opportunities - Investors are encouraged to consider publicly traded cannabis companies, which provide accessible investment opportunities without requiring substantial capital [3] - The volatility of the public sector necessitates a well-thought-out investment plan, patience, and due diligence to achieve profitability [3] Notable Companies - **Innovative Industrial Properties, Inc.**: A Maryland-based corporation focused on acquiring and managing specialized properties leased to licensed cannabis operators. The company is set to release its Q4 2024 earnings on February 19, 2025 [4][6] - **Chicago Atlantic Real Estate Finance, Inc.**: This commercial real estate finance company recently closed a $100 million senior secured revolving credit facility, maturing in March 2028, with an interest rate of SOFR plus 3.00% [6][10] - **NewLake Capital Partners, Inc.**: An internally managed real estate investment trust that provides capital to state-licensed cannabis operators through sale-leaseback transactions and funding for build-to-suit projects. The company will host its Q4 2024 and full-year earnings call on March 6, 2025 [12]

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 fourth-quarter and full-year 2024 earnings results on Feb. 19, after market close. See the Zacks Earnings Calendar to stay ahead of market-making news.In the last reported quarter, Innovative Industrial reported adjusted f ...

NEW YORK, Feb. 18, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Innovative Industrial Properties, Inc. ("Innovative Industrial Properties" or the "Company") (NYSE: IIPR) of a class action securities lawsuit. CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Innovative Industrial Properties investors who were adversely affected by alleged securities fraud between February 27, 2024 and December 19, 2024. Follow the link below to get more information and be contacted by a m ...

Group 1: Tilray Brands - Tilray has experienced a significant decline of over 90% in its stock value over the past five years, despite being a leader in the cannabis industry [2][7] - The company has diversified its operations beyond cannabis, with its beverages segment showing some promise due to acquisitions [3][4] - Regulatory changes, such as potential federal legalization of cannabis, could create opportunities for Tilray, but competition and regulatory hurdles remain significant challenges [4][5] Group 2: Innovative Industrial Properties - Innovative Industrial Properties (IIP) operates as a real estate investment trust (REIT) that rents facilities to cannabis companies, providing critical services in a challenging funding environment [8] - The company has faced unimpressive revenue and earnings growth, and its largest tenant, PharmaCann, recently defaulted on rent obligations, accounting for 17% of IIP's revenue [9][10] - Despite potential growth opportunities in the U.S. medical cannabis market, IIP's performance is hindered by the overall struggles of the cannabis industry and the regulatory landscape [11][12]

NEW YORK, Feb. 14, 2025 /PRNewswire/ -- Levi & Korsinsky, LLP notifies investors in Innovative Industrial Properties, Inc. ("Innovative Industrial Properties" or the "Company") (NYSE: IIPR) of a class action securities lawsuit.CLASS DEFINITION: The lawsuit seeks to recover losses on behalf of Innovative Industrial Properties investors who were adversely affected by alleged securities fraud between February 27, 2024 and December 19, 2024. Follow the link below to get more information and be contacted by a me ...