Innovative Industrial Properties
Filed with the SEC on · accession 0001104659-26-124205
IIPR filed a 424B5 (prospectus (offering)) with the SEC on Nov 9, 2026. Innovative Industrial Properties filed a 424B5 prospectus supplement establishing an at-the-market (ATM) equity distribution program for up to $500 million in aggregate offering price of common stock, 9.00% Series A Preferred Stock, and 9.25% Series B Preferred Stock. The stock moved +1.3% by the first close after the filing.
Innovative Industrial Properties filed a 424B5 prospectus supplement establishing an at-the-market (ATM) equity distribution program for up to $500 million in aggregate offering price of common stock, 9.00% Series A Preferred Stock, and 9.25% Series B Preferred Stock. Approximately $163.1 million has already been sold under the prior prospectus supplement, leaving roughly $336.9 million available for future issuance.
Close before
$54.83
Nov 6, 2026
First close after
+1.29%
$55.54
5 trading days
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Since filing
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Click hereIIPR filed a 424B5 (Shelf registration). Innovative Industrial Properties filed a 424B5 prospectus supplement establishing an at-the-market (ATM) equity distribution program for up to $500 million in aggregate offering price of common stock, 9.00% Series A Preferred Stock, and 9.25% Series B Preferred Stock. Approximately $163.1 million has already been sold under the prior prospectus supplement, leaving roughly $336.9 million available for future issuance.
New shares dilute existing holders and are often sold at a discount to the market price.
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.
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.
IIPR closed at $54.83 before the filing and $55.54 on Nov 9, 2026 (+1.29%).
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