Innovative Industrial Properties Reports Third Quarter 2026 Results
Business Wire•02/11/2026•16:35 ET
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Key Highlights
- ➤AFFO per share $1.96, up 14.6% year over year
- ➤Total revenue $64.9 million, up 0.4% year over year
- ➤$245 million Alewife Park mezzanine loan commitment yields approximately 15.8%
- ➤Six new leases covered 604,000 square feet during the quarter
- ➤Third-quarter dividend declared at $1.90 per common share
Expert Statements
Alan Gold, Executive Chairman of Innovative Industrial Properties
“We are pleased to report strong earnings with our AFFO per share up 7% compared to the second quarter, and are encouraged by the continued leasing momentum across our portfolio, reflecting our team's ongoing efforts to re-lease properties.”
Alan Gold, Executive Chairman of Innovative Industrial Properties
“At the same time, our recently announced $245 million mezzanine loan commitment at Alewife Park further expands our presence in the life science sector. Together, these initiatives reflect our focus on improving the performance of our existing portfolio while deploying capital into investments that we believe will drive earnings growth and create long-term value for our shareholders.”
Innovative Industrial Properties Reports Third Quarter 2026 Results
$275 Million of Accretive Investment Activity During the Quarter
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