{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-026347","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2023-02-28T23:59:59+00:00","discovered_at":"2026-05-14T18:03:46.104674+00:00","generated_at":"2026-06-18T22:21:52.125045+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IIPR Q4/FY2022 revenue up 20%/35% YoY; AFFO per share $2.12/$8.45; rent collection 94% in Q4","bullets":["FY2022 total revenues $276.4M (+35% YoY), net income $153.0M (+36%), AFFO $233.7M (+34%).","Q4 2022 total revenues $70.5M (+20% YoY), net income $41.2M ($1.46 diluted), AFFO $59.6M ($2.12 diluted).","Rent collection 94% in Q4, 97% for full year; $4.7M and $8.6M uncollected from four tenants (Kings Garden, Vertical, Green Peak, Parallel).","Balance sheet: 12% debt/total gross assets, no secured debt, no maturities until May 2026 except $6.4M exchangeable notes in 2024.","Year-to-date 2023: acquired PA facility for $15M, amended leases for $34M, Feb rent collection 92%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-026347","json":"https://secwatch.observer/filing/0001104659-23-026347.json","markdown":"https://secwatch.observer/filing/0001104659-23-026347.md","text":"https://secwatch.observer/filing/0001104659-23-026347.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923026347/0001104659-23-026347-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923026347/tm237998d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T22:21:52.125045+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":"07cfc184b37a866ec2bba7b7ba1b28ff73814d19","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC reported the fourth quarter and year ended December 31, 2022 results: revenue approximately $276.4 million, net income approximately $153.0 million, EPS $5.52 of net income attributable to common stockholders per diluted share.","evidence_excerpt":"the regulated U.S. cannabis industry, announced today results for the fourth quarter and year ended December 31, 2022. Full Year 2022 · Generated total revenues of approximately $276.4 million, net income attributable to common stockholders of approximately $153.0 million and adjusted funds from operations (“AFFO”) of approximately $233.7 million, representing","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923026347/0001104659-23-026347-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the fourth quarter and year ended December 31, 2022"},{"label":"Revenue","value":"approximately $276.4 million"},{"label":"Net income","value":"approximately $153.0 million"},{"label":"EPS","value":"$5.52 of net income attributable to common stockholders 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"}