{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-24-027867","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2024-02-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:25.080982+00:00","generated_at":"2026-06-05T12:07:39.246473+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IIPR reports FY2023 revenue up 12% to $309.5M, AFFO $9.08/share, dividend increased","bullets":["Full-year 2023 total revenue $309.5M (+12% YoY); net income $164.2M ($5.77 EPS, +5%).","AFFO $256.5M ($9.08 per share, +7% YoY); Q4 AFFO $64.3M ($2.28 per share, +8%).","Q4 2023 revenue $79.2M (+12% YoY); net income $41.3M ($1.45 EPS, -1% YoY).","Dividends declared totaled $7.22/share in 2023; quarterly dividend raised to $1.82.","Portfolio 108 properties, 8.9M sq ft, 95.8% leased, 14.6 yr avg lease term; no tenant >16% ABR."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-24-027867","json":"https://secwatch.observer/filing/0001104659-24-027867.json","markdown":"https://secwatch.observer/filing/0001104659-24-027867.md","text":"https://secwatch.observer/filing/0001104659-24-027867.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465924027867/0001104659-24-027867-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465924027867/tm247320d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-05T12:07:39.246473+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":"fef804992537db58a82f304497d2cc218d59bcb5","claim":"INNOVATIVE INDUSTRIAL PROPERTIES INC reported financial results for fourth quarter and year ended December 31, 2023.","evidence_excerpt":"On February 26, 2024, Innovative Industrial Properties, Inc. (the “Company”) issued a press release regarding its financial results for the fourth quarter and year ended December 31, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465924027867/0001104659-24-027867-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fourth quarter and year ended December 31, 2023"},{"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"}