Innovative Industrial Properties Raises Dividends, Reports 2025 Results

Innovative Industrial Properties (NYSE:IIPR) reported full-year 2025 results on February 23, posting $266.0 million in revenue and $114.4 million in net income. Management highlighted a strategic up-to-$270 million investment in IQHQ, a new $100 million revolving credit facility, and 339,000 square feet of new leases signed during 2025. The company declared $7.60 in dividends for the year and has returned over $1.1 billion to shareholders.