---
schema_version: "secwatch.filing_event.v1"
accession: "0001677576-26-000003"
form_type: "8-K"
ticker: "IIPR"
cik: "0001677576"
company_name: "INNOVATIVE INDUSTRIAL PROPERTIES INC"
filed_at: "2026-08-03T20:13:47+00:00"
generated_at: "2026-08-03T20:15:34.726687+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# IIPR Q2 2026 net income $40.7M ($1.36 EPS) beats prior year; AFFO $1.83; $402.5M notes issued

## Summary
- Net income $40.7M ($1.36 diluted EPS) up 62% from $25.1M ($0.86) in Q2 2025.
- AFFO $53.0M ($1.83 per share) up from $48.4M ($1.71) YoY.
- Declared $1.90 per share dividend; cumulative dividends paid exceed $1.2B.
- Completed $402.5M offering of 6.0% exchangeable senior notes due 2029.
- Funded $270M investment in IQHQ; liquidity of $300M available for growth.

## SEC filing metadata
- accession: 0001677576-26-000003
- form_type: 8-K
- ticker: IIPR
- cik: 0001677576
- company_name: INNOVATIVE INDUSTRIAL PROPERTIES INC
- filed_at: 2026-08-03T20:13:47+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1677576/000167757626000003/0001677576-26-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1677576/000167757626000003/iipr-20260803.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001677576-26-000003
- JSON: https://secwatch.observer/filing/0001677576-26-000003.json
- Plain text: https://secwatch.observer/filing/0001677576-26-000003.txt

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