Innovative Industrial Properties Declares $0.5625 Q4 Dividend on 9.00% Series A Preferred
In Q4 2025, Innovative Industrial Properties’ board declared a $0.5625 quarterly dividend on its 9.00% Series A Cumulative Redeemable Preferred Stock, payable January 15, 2026, to holders of record on December 31, 2025. This fixed payment maintains the Series A’s 9.00% annual yield through the Q4 period, supporting financing stability.
1. Dividend Declaration and Payout Details
Innovative Industrial Properties, Inc. (IIPR) announced in mid-December 2025 that its board of directors has declared a fourth-quarter dividend of $0.5625 per share on its 9.00% Series A Cumulative Redeemable Preferred Stock. This represents an annualized yield of 9.00% on the $25.00 liquidation preference and underscores IIPR’s commitment to returning cash to shareholders. The dividend will be payable on January 15, 2026, to stockholders of record as of December 31, 2025. This consistent quarterly payout marks the 21st consecutive preferred-stock dividend since the series’ inception in early 2021, reflecting the stability of IIPR’s lease income streams from its portfolio of specialized industrial and life-science properties leased to regulated-cannabis tenants.