IIPR 424B5: Secondary offering
Innovative Industrial Properties, Inc.
Filed with the SEC on · accession 0001104659-26-114219
IIPR filed a 424B5 (prospectus (offering)) with the SEC on Oct 7, 2026. Innovative Industrial Properties, Inc. filed a preliminary prospectus supplement for an underwritten public offering of a new series of Series B Cumulative Redeemable Preferred Stock with a $25.00 liquidation preference per share. The stock moved +1.9% by the first close after the filing.
Summary of the filing
Innovative Industrial Properties, Inc. filed a preliminary prospectus supplement for an underwritten public offering of a new series of Series B Cumulative Redeemable Preferred Stock with a $25.00 liquidation preference per share. The company plans to list the Series B Preferred Stock on the NYSE under the symbol 'IIPR Pr B' and will pay cumulative cash dividends quarterly.
Key details
How IIPR stock reacted
Close before
$50.26
Oct 6, 2026
First close after
+1.93%
$51.23
5 trading days
+2.57%
$51.55
Since filing
+10.03%
$55.30
✦ Ask GOAX AI about this filing — what it means for IIPR, what changed since its last filings and what to watch next.
Try it free for 7 days🔔 Want to stay updated on new SEC filings for IIPR?
Click hereFrequently asked questions
What did IIPR file with the SEC on Oct 7, 2026?
IIPR filed a 424B5 (Secondary offering). Innovative Industrial Properties, Inc. filed a preliminary prospectus supplement for an underwritten public offering of a new series of Series B Cumulative Redeemable Preferred Stock with a $25.00 liquidation preference per share. The company plans to list the Series B Preferred Stock on the NYSE under the symbol 'IIPR Pr B' and will pay cumulative cash dividends quarterly.
What does a secondary offering mean for IIPR stock?
New shares dilute existing holders and are often sold at a discount to the market price.
How do I read a 424B5?
The final terms of an offering of shares or bonds. Look at price, number of shares and the discount to the market price. Large offerings dilute existing shareholders.
Why are SEC filings important?
Public companies must tell the SEC about anything that can change their value — results, leadership changes, big deals, new shares, bankruptcy. Filings are the official source, often before the news. A 424B5 (prospectus (offering)): The final terms of an offering of shares or bonds.
How did IIPR stock react to this filing?
IIPR closed at $50.26 before the filing and $51.23 on Oct 7, 2026 (+1.93%). Five trading days later: $51.55 (+2.57%).
Other IIPR SEC filings
Get alerts when IIPR files with the SEC, plus live charts, key levels and news for 13,000+ stocks.
Try SEPT free for 7 days