Press Release: Innovative Industrial Properties Announces Tax Treatment of 2025 Distributions

Dow Jones01-23
SAN DIEGO--(BUSINESS WIRE)--January 23, 2026--

Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2025 distributions as follows:

Security Description: Common Stock

CUSIP: 45781V101

Ticker Symbol: IIPR 

 
                             Total                  Taxable              Long-Term  Unrecaptured    Section 
   Record      Payable    Distribution  Allocable   Ordinary  Return of   Capital   Section 1250     199A 
    Date         Date      Per Share     to 2025    Dividend   Capital     Gain         Gain      Dividend(1) 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
12/31/2024   01/15/2025    $1.900000    $1.070000  $0.970900  $0.099100  $0.000000   $0.000000     $0.970900 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
03/31/2025   04/15/2025    $1.900000    $1.900000  $1.724100  $0.175900  $0.000000   $0.000000     $1.724100 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
06/30/2025   07/15/2025    $1.900000    $1.900000  $1.724100  $0.175900  $0.000000   $0.000000     $1.724100 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
09/30/2025   10/15/2025    $1.900000    $1.900000  $1.724100  $0.175900  $0.000000   $0.000000     $1.724100 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
         Totals            $7.600000    $6.770000  $6.143200  $0.626800  $0.000000   $0.000000     $6.143200 
 -----------------------  ------------  ---------  ---------  ---------  ---------  ------------  -----------

Security Description: 9.00% Series A Cumulative Redeemable Preferred Stock

CUSIP: 45781V200

Ticker Symbol: IIPR PR A 

 
                             Total                  Taxable              Long-Term  Unrecaptured    Section 
   Record      Payable    Distribution  Allocable   Ordinary  Return of   Capital   Section 1250     199A 
    Date         Date      Per Share     to 2025    Dividend   Capital     Gain         Gain      Dividend(1) 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
03/31/2025   04/15/2025    $0.562500    $0.562500  $0.510400  $0.052100  $0.000000   $0.000000     $0.510400 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
06/30/2025   07/15/2025    $0.562500    $0.562500  $0.510400  $0.052100  $0.000000   $0.000000     $0.510400 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
09/30/2025   10/15/2025    $0.562500    $0.562500  $0.510400  $0.052100  $0.000000   $0.000000     $0.510400 
-----------  -----------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
         Totals            $1.687500    $1.687500  $1.531200  $0.156300  $0.000000   $0.000000     $1.531200 
 -----------------------  ------------  ---------  ---------  ---------  ---------  ------------  ----------- 
 
 
(1)  These amounts are a subset of, and included in, Taxable Ordinary Dividend 
     amounts.

As previously disclosed by IIP on January 27, 2025 in its press release announcing the tax treatment of 2024 dividends, the common stock distribution with a record date of December 31, 2024 was a split-year distribution, with $0.83 allocable to 2024 for federal income tax purposes and $1.07 allocable to 2025 for federal income tax purposes. The preferred stock distribution with a record date of December 31, 2024 was all allocable to 2024 for federal income tax purposes.

IIP did not incur any foreign taxes in 2025. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of IIP's distributions.

About Innovative Industrial Properties

Innovative Industrial Properties, Inc. is a real estate investment trust $(REIT)$ focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Additional information is available at www.innovativeindustrialproperties.com.

View source version on businesswire.com: https://www.businesswire.com/news/home/20260123602264/en/ 

 
    CONTACT:    Company Contact:

David Smith

Chief Financial Officer

Innovative Industrial Properties, Inc.

(858) 997-3332

(END) Dow Jones Newswires

January 23, 2026 06:50 ET (11:50 GMT)

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