Innovative Industrial Properties approves $100M share repurchase program

INNOVATIVE INDUSTRIAL PROPERTIES INC

Board approved new $100M common stock repurchase program on March 3, 2026.
Program replaces existing program set to expire March 17, 2026; expires March 4, 2027.
Repurchases may be made via open market, block trades, or private transactions.
Company may adopt a Rule 10b5-1 plan to repurchase during blackout periods.
Timing and volume at management's discretion; program may be extended or discontinued.

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