---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-24-115047"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2024-11-07T23:59:59+00:00"
generated_at: "2026-05-30T03:37:57.600080+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# IIPR Q3 2024 revenue $76.5M, EPS $1.37; AFFO $2.25/shr, dividend $1.90

## Summary
- Total rev $76.5M (-1.7% YoY); net income $39.7M ($1.37 diluted EPS) vs $1.45 in Q3 2023.
- AFFO $64.3M ($2.25/shr) vs $2.29/shr YoY; normalized FFO $2.02/shr vs $2.09.
- Quarterly dividend $1.90/shr paid Oct 15; AFFO payout ratio 84%.
- Portfolio 108 properties, 95.7% leased; WALT 14.0 yrs; $222.4M liquidity.
- Applied $1.4M security deposits for rent from 4Front, TILT, Emerald Growth; terminated Temescal lease.

## SEC filing metadata
- accession: 0001104659-24-115047
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2024-11-07T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465924115047/0001104659-24-115047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465924115047/tm2427751d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-24-115047
- JSON: https://secwatch.observer/filing/0001104659-24-115047.json
- Plain text: https://secwatch.observer/filing/0001104659-24-115047.txt

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