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Innovative Industrial Properties — Third Quarter 2026 Earnings Summary

Innovative Industrial Properties reported third-quarter 2026 net income of $28.7 million, or $0.99 per diluted share, with Adjusted Funds from Operations (AFFO) reaching $54.8 million, or $1.96 per share. The company executed $275 million in accretive investment activity, including a $245 million mezzanine loan commitment for the Alewife Park life science campus and $30 million in preferred equity funding for IQHQ. During the quarter, the company terminated 16 leases totaling 1.2 million square feet while securing six new leases for 604,000 square feet, and declared a quarterly dividend of $1.90 per common share.

Company
INNOVATIVE INDUSTRIAL PROPERTIES INC
Sector
Real Estate
Industry
REIT - Industrial