Innovative Industrial Properties Declares Third Quarter 2018 Dividends
September 14 2018 - 7:00AM
Business Wire
Innovative Industrial Properties, Inc. (the “Company”) (NYSE:
IIPR), the leading provider of creative real estate capital
solutions to the medical-use cannabis industry, announced today
that its board of directors has declared a third quarter 2018
dividend of $0.35 per share of common stock, representing a 40%
increase over the Company's second quarter 2018 dividend of $0.25
per share of common stock. The dividend is equivalent to an
annualized dividend of $1.40 per common share, and is the sixth
consecutive quarterly dividend payable to common stockholders
declared since the Company completed its initial public offering in
December 2016.
Additionally, the Company announced today that its board of
directors has declared a regular quarterly dividend of $0.5625 per
share of the Company's 9.00% Series A Cumulative Redeemable
Preferred Stock.
The dividends are payable on October 15, 2018 to stockholders of
record at the close of business on September 28, 2018.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised
Maryland corporation focused on the acquisition, ownership and
management of specialized industrial properties leased to
experienced, state-licensed operators for their regulated
medical-use cannabis facilities. Innovative Industrial Properties,
Inc. intends to elect to be taxed as a real estate investment
trust. Additional information is available at
www.innovativeindustrialproperties.com.
This press release contains statements that the Company believes
to be “forward-looking statements” within the meaning of the safe
harbor provisions of the Private Securities Litigation Reform Act
of 1995. All statements other than historical facts are
forward-looking statements. When used in this press release, words
such as we “expect,” “intend,” “plan,” “estimate,” “anticipate,”
“believe” or “should” or the negative thereof or similar
terminology are generally intended to identify forward-looking
statements. Such forward-looking statements are subject to risks
and uncertainties that could cause actual results to differ
materially from those expressed in, or implied by, such statements.
Investors should not place undue reliance upon forward-looking
statements. The Company disclaims any obligation to update or
revise any forward-looking statements, whether as a result of new
information, future events or otherwise.
View source
version on businesswire.com: https://www.businesswire.com/news/home/20180914005036/en/
Catherine HastingsChief Financial Officer, Chief Accounting
Officer and TreasurerInnovative Industrial Properties, Inc.(858)
997-3332
Innovative Industrial Pr... (NYSE:IIPR)
Historical Stock Chart
From Mar 2024 to Apr 2024
Innovative Industrial Pr... (NYSE:IIPR)
Historical Stock Chart
From Apr 2023 to Apr 2024