10-Q quarterly report · filed Aug 4, 2026

INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) Q2 2026 10-Q Quarterly Report

Short answer

INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) filed its Q2 2026 10-Q quarterly report on Aug 4, 2026 for the quarter ended Jun 30, 2026. Quarterly revenue was $63M (up 0.7% year over year) with net income of $44M.

Q2 2026 key financials · XBRL

Revenue
$63M
+0.7% YoY · −8.2% QoQ
Net income
$44M
+68.5% YoY · +33.7% QoQ
Operating margin
65.5%
EPS (diluted)
$1.37
+57.5% YoY · +34.3% QoQ

Source: XBRL data from the INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) Q2 2026 10-Q on SEC EDGAR. USD.

INNOVATIVE INDUSTRIAL PROPERTIES INC Q2 2026 10-Q analysis

AI summary of MD&A and risk factor updates

Management Discussion & Analysis

  • Portfolio 108 properties, 95.8% leased, 8.4 million square feet across 19 states
  • Capital deployment: $282.1 million Notes repaid, $148.7 million secured loans issued, $402.5 million exchangeable notes issued
  • Headwinds: tenant defaults, constrained cannabis capital, pricing pressure, tariffs and regulatory uncertainty

Risk Factors

  • No risk-factors section provided; changes from the latest 10-K cannot be assessed
  • New 6.00% exchangeable senior notes due 2029 create added refinancing and exchange-conversion exposure
  • $100.0 million repurchase authorization may reduce cash available for operations and debt obligations
  • Preferred-stock ATM proceeds designated to fund repurchases increase reliance on capital-market access
  • New secured and guaranteed borrowing arrangements expose properties and subsidiaries to lender enforcement risk

Generated from the filing text; verify against the original. 10-K vs 10-Q vs 8-K

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