{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-23-087021","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2023-08-03T23:59:59+00:00","discovered_at":"2026-05-14T18:03:34.827100+00:00","generated_at":"2026-06-12T08:38:42.607211+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.7,"calibrated_materiality_score":0.7,"confidence":"high","headline":"IIPR reports Q2 2023 revenue of $76.5M (+8% YoY), AFFO $2.26/diluted share (+5% YoY)","bullets":["Net income $40.9M ($1.44 diluted EPS); total revenues $76.5M, up 8% from $70.5M a year ago.","AFFO of $64.0M ($2.26/diluted share) vs $60.2M ($2.15) in Q2 2022, a 5% increase.","Rent collection 97% for Q2; ~$2.1M not collected related to defaulted tenant Parallel at Pennsylvania property.","New lease executed at Perez Road property in California, previously leased to Kings Garden Inc., under development.","Dividend of $1.80/share paid July 14; trailing 12-month dividends of $7.20/share (+11% YoY)."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-23-087021","json":"https://secwatch.observer/filing/0001104659-23-087021.json","markdown":"https://secwatch.observer/filing/0001104659-23-087021.md","text":"https://secwatch.observer/filing/0001104659-23-087021.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923087021/0001104659-23-087021-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923087021/tm2322705d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-12T08:38:42.607211+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":"4507380a6babab0a07583faf5c1825b1e4be5766","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC reported second quarter ended June 30, 2023 results: revenue approximately $76.5 million, net income approximately $40.9 million, or $1.44 per diluted share, EPS $1.44 per diluted share.","evidence_excerpt":"U.S. cannabis industry, announced today results for the second quarter ended June 30, 2023. Second Quarter 2023 Financial Results · Generated total revenues of approximately $76.5 million in the quarter, representing an 8% increase from the prior year’s quarter. · Recorded net income attributable to common stockholders of approximately $40.9 million for the","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465923087021/0001104659-23-087021-index.htm","confidence":1.0,"family_label":"Earnings Releases","details":[{"label":"Period","value":"second quarter ended June 30, 2023"},{"label":"Revenue","value":"approximately $76.5 million"},{"label":"Net income","value":"approximately $40.9 million, or $1.44 per diluted share"},{"label":"EPS","value":"$1.44 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"}