Innovative Industrial Properties Inc. (NYSE: IIPR) released an investor presentation outlining its real estate portfolio across cannabis and life sciences. The company reported $2.5 billion in total invested capital, 111 total properties across 19 U.S. states, and a weighted average lease length of 12.8 years. For Q4 2025, it reported total revenue of $66.7 million and cited more than $1 billion in dividends paid since inception. The presentation also highlighted a $270 million life science investment in IQHQ, comprising a $100 million revolving credit facility investment with a 13.5% yield and a $170 million preferred stock investment with a 15.0% yield. As of December 31, 2025, the company reported 14% debt to total gross assets, a 10.4x debt service coverage ratio, and more than $105 million of available liquidity. You can access the full presentation through the link below. https://innovativeindustrialproperties.com/

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