Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering
Business Wire•07/10/2026•08:59 ET
1
Key Highlights
- ➤Series B preferred stock offering launched by Innovative Industrial Properties (IIPR)
- ➤NYSE listing planned under symbol “IIPR Pr B”; no current market exists
- ➤Proceeds to fund remaining life science mezzanine loan commitment
- ➤Remaining proceeds target investments and general corporate purposes
Innovative Industrial Properties Announces Launch of Series B Preferred Stock Offering
Innovative Industrial Properties, Inc. (the “Company”) (NYSE: IIPR) announced today that it has commenced a public offering of its Series B Cumulative Redeemable Preferred Stock (“Series B Preferred Stock”). The Company expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. Currently no market exists for the Series B Preferred Stock. The Company plans to file an application to list the Series B Preferred Stock on the NYSE under the symbol “IIPR Pr B.”
Get started
Create a free account to read the full story.