Associated tags: Trust, REIT, Construction & Property, Commercial Building & Real Estate, NYSE, Cannabis, IIP, Natural Resources, Retail, Tobacco, Property management
Locations: NEW JERSEY, OHIO, TEXAS, UNITED STATES, NORTH AMERICA, CALIFORNIA, CANADA, MICHIGAN, MARYLAND, LUME, LOS ANGELES
REIT,
Other Construction & Property,
Residential Building & Real Estate,
Commercial Building & Real Estate,
Construction & Property,
Debt-to-GDP ratio,
Sale,
Lexington Battle Green,
Total,
Investment,
Tenant,
Normalization,
Webcast,
IIP,
ATM,
FFO,
Pleasanton Unified School District,
GAAP,
RSF,
Note Illinois property (leased to 4Front) – a ground-up cultivation and processing facility comprising 250,000 RSF and $71.8 million in invested/committed capital.
Key Points:
- Illinois property (leased to 4Front) – a ground-up cultivation and processing facility comprising 250,000 RSF and $71.8 million in invested/committed capital.
- The total consideration of $13.0 million exceeded IIP’s net carrying value of the property as of March 31, 2024.
- IIP paid a quarterly dividend of $1.82 per common share on April 15, 2024 to stockholders of record as of March 28, 2024.
- Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Thursday, May 9, 2024 to discuss IIP’s financial results and operations for the first quarter ended March 31, 2024.
Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 2024.
Key Points:
- Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its first quarter ended March 31, 2024 after the market closes on Wednesday, May 8, 2024.
- Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, May 9, 2024, to discuss the company’s financial results and operations for the quarter.
- The call will be available through a live audio webcast at the Investor Relations section of the company’s website at www.innovativeindustrialproperties.com , or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call.
- The complete webcast will be archived for 90 days on the company’s website.
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2024 dividend of $1.82 per share of common stock.
Key Points:
- Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a first quarter 2024 dividend of $1.82 per share of common stock.
- The common stock dividends declared for the last twelve months total $7.24 per common share.
- Additionally, IIP announced today that its board of directors has declared a regular quarterly dividend of $0.5625 per share of IIP’s 9.00% Series A Cumulative Redeemable Preferred Stock.
- The dividends are payable on April 15, 2024 to stockholders of record at the close of business on March 28, 2024.
Retrieved on:
Monday, February 26, 2024
REIT,
Cannabis,
Natural Resources,
Commercial Building & Real Estate,
Construction & Property,
Acquisition,
Collection,
FFO,
Loan agreement,
LP,
Total,
Note,
IIP,
Investment,
ATM,
Renting,
Debt-to-GDP ratio,
Tenant,
Loan,
Letter,
Line of credit,
GAAP,
Judgement,
Pleasanton Unified School District,
Webcast,
Tax,
Normalization,
Vertical,
Credit,
Partnership,
Property management Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.
Key Points:
- Issued shares of common stock under IIP’s “at-the-market” offering program (ATM Program) for net proceeds of approximately $9.6 million.
- Executed a new lease with a tenant at one of IIP’s retail properties in Michigan that was previously leased to Green Peak.
- Industrial (cultivation and/or processing), retail (dispensing) and combined industrial/retail represent 92%, 2% and 6% of the operating portfolio, respectively.
- Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Tuesday, February 27, 2024 to discuss IIP’s financial results and operations for the fourth quarter and year ended December 31, 2023.
Retrieved on:
Thursday, February 8, 2024
Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2023 after the market closes on Monday, February 26, 2024.
Key Points:
- Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its fourth quarter and year ended December 31, 2023 after the market closes on Monday, February 26, 2024.
- Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Tuesday, February 27, 2024, to discuss the company’s financial results and operations for the year.
- The call will be available through a live audio webcast at the Investor Relations section of the company’s website at www.innovativeindustrialproperties.com , or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call.
- The complete webcast will be archived for 90 days on the company’s website.
These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.
Key Points:
- These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.
- The common stock distribution with a record date of December 29, 2023 will be a split-year distribution, with $0.83 allocable to 2023 for federal income tax purposes and $0.99 allocable to 2024 for federal income tax purposes.
- As previously disclosed by IIP on January 26, 2023 in its press release announcing the tax treatment of 2022 dividends, the common stock distribution with a record date of December 30, 2022 was a split-year distribution, with $0.33 allocable to 2022 for federal income tax purposes and $1.47 allocable to 2023 for federal income tax purposes, and the 9.00% Series A Cumulative Redeemable Preferred Stock distribution with a record date of December 30, 2022 was allocable entirely to 2022 for federal income tax purposes.
- Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of IIP’s distributions.
Retrieved on:
Friday, December 15, 2023
Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2023 dividend of $1.82 per share of common stock.
Key Points:
- Innovative Industrial Properties, Inc. (IIP), the first and only real estate company on the New York Stock Exchange (NYSE: IIPR) focused on the regulated U.S. cannabis industry, announced today that its board of directors has declared a fourth quarter 2023 dividend of $1.82 per share of common stock.
- The common stock dividends declared for 2023 total $7.22 per common share.
- IIP has increased its common stock dividends declared each year since its inception in 2016.
- The dividends are payable on January 12, 2024 to stockholders of record at the close of business on December 29, 2023.
Retrieved on:
Wednesday, November 1, 2023
REIT,
Cannabis,
Natural Resources,
Commercial Building & Real Estate,
Construction & Property,
Line of credit,
LP,
Tsuen King Garden,
IIP,
Tax,
Loan agreement,
Holism,
Sustainability reporting,
GAAP,
Acquisition,
FFO,
Tenant,
JS Tsushima (MSO-302),
Parallel,
Partnership,
Webcast,
Credit Accumulation and Transfer Scheme,
Loan,
Girls Venture Corps Air Cadets,
Normalization,
SH,
Credit,
Total,
Collection,
Debt-to-GDP ratio,
Renting,
Security (finance),
Self storage,
Lease,
Property management,
Reinsurance,
Cathedral city Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.
Key Points:
- Rent not collected for the quarter totaled approximately $2.2 million, primarily relating to a previously disclosed, defaulted tenant SH Parent, Inc. (Parallel) at one of IIP’s properties in Pennsylvania.
- Balance Sheet Highlights (at September 30, 2023)
12% debt to total gross assets, with approximately $2.6 billion in total gross assets.
- IIP paid a quarterly dividend of $1.80 per common share on October 13, 2023 to stockholders of record as of September 29, 2023.
- Innovative Industrial Properties, Inc. will conduct a conference call and webcast at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time) on Thursday, November 2, 2023 to discuss IIP’s financial results and operations for the third quarter ended September 30, 2023.
Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its third quarter ended September 30, 2023 after the market closes on Wednesday, November 1, 2023.
Key Points:
- Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its third quarter ended September 30, 2023 after the market closes on Wednesday, November 1, 2023.
- Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, November 2, 2023, to discuss the company’s financial results and operations for the quarter.
- The call will be available through a live audio webcast at the Investor Relations section of the company’s website at www.innovativeindustrialproperties.com , or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call.
- The complete webcast will be archived for 90 days on the company’s website.
Retrieved on:
Thursday, September 28, 2023
PW,
REIT,
OTCQB,
Property,
Temperature,
Tenant,
UC,
MOU,
OTCQX,
NYSE,
Lease,
Drug,
Keystone State Park (Oklahoma) According to the MOU, the tenant agrees to rent the property from UC Asset for a monthly payment of $20,000, upon completion of its construction.
Key Points:
- According to the MOU, the tenant agrees to rent the property from UC Asset for a monthly payment of $20,000, upon completion of its construction.
- The tenant, Nuggetry/MOAB LLC, is a licensed medical cannabis grower based in the State of Oklahoma, is not affiliated to UC Asset, and has no other business relationship with UC Asset.
- If built, this property will become the second cannabis property owned by UC Asset.
- In May 2023, UC Asset acquired 50% ownership of a15,000 sq ft cannabis property for a consideration of $1.6 million.
