Innovative Industrial Properties Launches Series B Preferred Stock Offering

Key Facts

1Innovative Industrial Properties announced the commencement of a public offering of its Series B Cumulative Redeemable Preferred Stock.

Innovative Industrial Properties announced the commencement of a public offering of its Series B Cumulative Redeemable Preferred Stock. The company stated in a release via Business Wire that it intends to grant underwriters a 30-day option to purchase additional shares for overallotments.

The company is seeking to raise capital through this new class of preferred equity and plans to apply for a listing of these shares on the NYSE. IIPR closed at $50.26 on October 6, 2026, having traded between a high of $50.72 and a low of $49.44 during that session.