Innovative Industrial Properties Declares Third Quarter 2025 Dividends

Core Points - Innovative Industrial Properties, Inc. (IIP) declared a third quarter 2025 dividend of $1.90 per share, which annualizes to $7.60 per share [1] - The company has paid a total of $1.0 billion in common stock dividends since its inception in 2016 [1] - A regular quarterly dividend of $0.5625 per share for the 9.00% Series A Cumulative Redeemable Preferred Stock was also declared [2] Company Overview - Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on acquiring, owning, and managing specialized industrial properties leased to state-licensed operators in the regulated cannabis industry [3] - The company is the first and only real estate company on the New York Stock Exchange dedicated to the U.S. cannabis sector [1][3] Financial Highlights - For the second quarter ended June 30, 2025, IIP reported total revenues of $62.9 million and net income attributable to common stockholders of $25.1 million, equating to $0.86 per share [8]