---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-086084"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2024-08-06T23:59:59+00:00"
generated_at: "2026-05-31T12:19:46.705577+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# IIP reports Q2 2024 revenue $79.8M, net income $41.7M; dividend raised 4.4% to $1.90/share

## Summary
- Total revenues $79.8M, up 4% YoY; net income $41.7M ($1.44 EPS) flat YoY.
- AFFO $65.5M ($2.29/share); dividend increased 4.4% to $1.90/share, annualized $7.60.
- Acquired 145k sq ft Florida property for $13M; sold LA property for $9.1M plus $3.9M termination fee.
- Upsized revolving credit facility to $50M, undrawn; new ATM program for up to $500M.
- Portfolio 95.6% leased, 108 properties, no tenant >18% of annualized base rent.

## SEC filing metadata
- accession: 0001104659-24-086084
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2024-08-06T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465924086084/0001104659-24-086084-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465924086084/tm2420917d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-086084
- JSON: https://secwatch.observer/filing/0001104659-24-086084.json
- Plain text: https://secwatch.observer/filing/0001104659-24-086084.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.