{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-004776","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2023-01-19T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.104284+00:00","generated_at":"2026-06-20T13:09:30.860405+00:00","sec_items":["2.02","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IIPR reports tenant defaults, rent collection at 92% in Jan 2023; lease deferrals and amendments","bullets":["Rent collected: 92% for Jan 2023 (incl. $324K security deposit), 94% Q4 2022, 97% FY 2022.","Tenant defaults: Parallel (PA property, 2.9% capital), Skymint (MI, 2.7%), Vertical (CA, 0.7%) as of Jan 18.","Lease amendments with deferrals: Holistic (1.8% capital) and Calyx Peak (1.2% capital); cross-default added.","Kings Garden pays rent on 4 CA properties; exploring mergers; IIP recovered $5.4M in Q4 from Kings Garden.","2022 investment: $394M in acquisitions/amendments; sold PA property for $23.5M; two purchase agreements for $63M."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-004776","json":"https://secwatch.observer/filing/0001104659-23-004776.json","markdown":"https://secwatch.observer/filing/0001104659-23-004776.md","text":"https://secwatch.observer/filing/0001104659-23-004776.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923004776/0001104659-23-004776-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923004776/tm233835d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T13:09:30.860405+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":"ce5e08f913125505a3a4cd43b937c454cc98ce3f","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC reported financial results for the quarter and year ended December 31, 2022.","evidence_excerpt":"Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today its operating, investment and capital markets activity for the quarter and year ended December 31, 2022.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923004776/0001104659-23-004776-index.htm","confidence":0.85,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the quarter and year ended December 31, 2022"},{"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"}