{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-22-114200","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2022-11-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:51.678049+00:00","generated_at":"2026-06-22T09:24:46.595261+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IIPR Q3 revenue $70.9M (+32% YoY); AFFO $2.13/shr; 93% rent collection due to tenant defaults","bullets":["Q3 total revenues $70.9M (+32% YoY); net income $37.3M ($1.32 diluted EPS); AFFO $60.1M ($2.13/shr).","Q3 rent collection 93% on operating portfolio; did not collect $5.7M from Kings Garden and Vertical tenants.","Acquired MA property for $21.5M in sale-leaseback with Curaleaf; subsequent sale of PA property for $23.5M.","Year-to-date revenues $205.9M (+41%); AFFO $174.1M ($6.33/shr). Dividend $1.80/quarter, annualized $7.20 (25% increase).","Balance sheet: 12% debt to gross assets; $2.6B total assets; no secured debt."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-22-114200","json":"https://secwatch.observer/filing/0001104659-22-114200.json","markdown":"https://secwatch.observer/filing/0001104659-22-114200.md","text":"https://secwatch.observer/filing/0001104659-22-114200.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465922114200/0001104659-22-114200-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465922114200/tm2229596d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T09:24:46.595261+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"0c92af23327f50208bd05a2c8b27855ee65d7e62","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC reported third quarter ended September 30, 2022 results: revenue approximately $70.9 million, net income approximately $37.3 million, EPS $1.32 per diluted share.","evidence_excerpt":"industry, announced today results for the third quarter ended September 30, 2022. Third Quarter 2022 and Subsequent Event Highlights · Generated total revenues of approximately $70.9 million in the quarter, representing a 32% increase from the prior year’s quarter. · Recorded net income attributable to common stockholders of approximately $37.3 million for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465922114200/0001104659-22-114200-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"third quarter ended September 30, 2022"},{"label":"Revenue","value":"approximately $70.9 million"},{"label":"Net income","value":"approximately $37.3 million"},{"label":"EPS","value":"$1.32 per diluted share"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}