Innovative Industrial Properties(IIPR) - 2025 Q1 - Quarterly Results

Exhibit 99.1 Innovative Industrial Properties Reports First Quarter 2025 Results Year-to-Date Leasing Activity Totals 211,000 Square Feet Across Two Properties SAN DIEGO, CA – May 7, 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 first quarter ended March 31, 2025. First Quarter 2025 and Year-to-Date Highlights Financial ...