Innovative Industrial Propertie
Ticker(s):
IIPR and IIPR-PA
Country:
Sector & Industry:
Business Overview
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017.
Contact & Other Information
Number of Employees:
22
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Innovative Industrial Properties reports that PharmaCann defaulted on rent payments for nine properties, totaling $2.7 million, and the company intends to enforce its rights under the leases.
02/21/2025 | 10-K | 0001558370-25-001322 |IIPR’s 2024 10-K filing reveals a company navigating the complexities of the cannabis industry. Revenue and net income experienced slight declines, but the company maintains strong profitability margins and low leverage.