---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-25-024499"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2025-03-17T23:59:59+00:00"
generated_at: "2026-05-24T15:51:41.713169+00:00"
event_type: "other_material"
sentiment: "positive"
materiality_score: 0.45
calibrated_materiality_score: 0.45
confidence: "high"
source: SEC EDGAR
---

# IIPR board authorizes $100 million common stock repurchase program

## Summary
- Board approved repurchase of up to $100M of common stock; expires March 17, 2026.
- Repurchases may be made via open market, block trades, or private transactions under Rule 10b-18.
- Funding from existing cash and proceeds from Series A preferred ATM offering.
- Company may adopt a 10b5-1 plan to repurchase during blackout periods.
- Program may be suspended, modified, or discontinued at any time at IIPR's discretion.

## SEC filing metadata
- accession: 0001104659-25-024499
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2025-03-17T23:59:59+00:00
- event_type: other_material
- sentiment: positive
- materiality_score: 0.45
- calibrated_materiality_score: 0.45
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000110465925024499/0001104659-25-024499-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000110465925024499/tm259544d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-25-024499
- JSON: https://secwatch.observer/filing/0001104659-25-024499.json
- Plain text: https://secwatch.observer/filing/0001104659-25-024499.txt

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