Innovative Industrial Properties prices $50M 9.25% Series B preferred
Innovative Industrial Properties priced 2,000,000 shares of 9.25% Series B cumulative redeemable preferred stock at $25 each for gross proceeds of $50M, with a 30-day option for 300,000 additional shares. The NYSE listing as “IIPR Pr B” is planned, with closing expected Oct. 19, 2026.
Story updates
02:39:31 AM UTC
SquawkNews
Innovative Industrial Properties Grants Underwriters 30-Day Option to Buy Up to an Additional 300,000 Shares at Public Offering Price >IIPR
02:39:40 AM UTC
SquawkNews
* Innovative Industrial Properties Prices 2M Public Offering Shares at $25 Each for Gross Proceeds of $50M >IIPR
25% Series B Cumulative Redeemable Preferred Stock at $25, for gross proceeds of $50M, and granted underwriters a 30-day option for 300,000 additional shares. The company said listing on the NYSE under “IIPR Pr B” is planned, and closing is expected Oct. 19, 2026.