IIPR terminates Jefferies ATM agreement, adds Huntington Securities as agent

INNOVATIVE INDUSTRIAL PROPERTIES INC

On Aug 31, 2026, terminated existing equity distribution agreement with Jefferies LLC; no further sales under that agreement.
Entered new equity distribution agreement with Huntington Securities, Inc. on substantially same terms as prior agreements.
ATM program remains up to $500M aggregate offering of common stock and 9.00% Series A Cumulative Redeemable Preferred Stock.
New agreement allows forward sale arrangements via master forward sale agreement with Huntington, consistent with existing terms.
Shares sold under effective S-3 shelf (File 333-285148) with prospectus supplement dated Aug 31, 2026.

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