• Innovative Industrial Properties launched a public offering of its Series B Cumulative Redeemable Preferred Stock.
• Underwriters will have a 30-day option to buy additional shares to cover any overallotments.
• Proceeds earmarked for the remaining unfunded commitment under a previously announced life science mezzanine loan investment.
• Remaining net proceeds targeted for investments consistent with strategy, with some allocated to general corporate purposes.
• Company plans to seek NYSE listing for the Series B Preferred Stock under the symbol “IIPR Pr B”.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief via Business Wire (Ref. ID: 20261006459282) on October 07, 2026, and is solely responsible for the information contained therein.