{"schema_version":"secwatch.filing_event.v1","accession":"0001104659-25-105733","form_type":"8-K","ticker":"IIPR","cik":"0001677576","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","filed_at":"2025-11-04T23:59:59+00:00","discovered_at":"2026-05-14T18:02:40.124419+00:00","generated_at":"2026-05-17T00:39:20.536807+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"IIP posts Q3 earnings decline; invests $270M into life science platform IQHQ","bullets":["Total revenues $64.7M; net income $28.3M ($0.97 diluted EPS) vs $1.37 a year ago.","AFFO $48.3M ($1.71/sh), Normalized FFO $45.2M ($1.60/sh), down from $2.25 and $2.08 YoY.","First outside-cannabis investment: $270M commitment into IQHQ, a life science real estate platform.","Closed new $100M secured revolving credit facility to strengthen financial flexibility.","Paid quarterly dividend of $1.90 per common share on Oct 15, 2025."],"urls":{"canonical":"https://secwatch.observer/filing/0001104659-25-105733","json":"https://secwatch.observer/filing/0001104659-25-105733.json","markdown":"https://secwatch.observer/filing/0001104659-25-105733.md","text":"https://secwatch.observer/filing/0001104659-25-105733.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1677576/000110465925105733/0001104659-25-105733-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1677576/000110465925105733/tm2530073d1_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-17T00:39:20.536807+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"}