{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-074804","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2025-08-07T23:59:59+00:00","discovered_at":"2026-05-14T18:02:44.616360+00:00","generated_at":"2026-05-17T17:46:41.738685+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"IIPR Q2 2025 revenue $62.9M, net income $25.1M ($0.86 EPS), down 21% and 40% YoY","bullets":["Total revenues of $62.9M vs $79.8M in Q2 2024, down 21%.","Net income attributable to common stockholders $25.1M ($0.86 diluted EPS) vs $41.7M ($1.44) YoY, down 40%.","AFFO per share of $1.71 vs $2.29 YoY, down 25%; Normalized FFO $1.56 vs $2.06.","Repurchased $20M of common stock during Q2; maintained liquidity >$190M.","Paid quarterly dividend of $1.90 per share, unchanged; AFFO payout ratio 111%."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-074804","json":"https://secwatch.observer/filing/0001104659-25-074804.json","markdown":"https://secwatch.observer/filing/0001104659-25-074804.md","text":"https://secwatch.observer/filing/0001104659-25-074804.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465925074804/0001104659-25-074804-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465925074804/tm2522798d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T17:46:41.738685+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":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}