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Innovative Industrial Properties, Inc. (IIPR) Prices $50M 9.25% Series B Preferred
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Innovative Industrial Properties priced 2,000,000 shares of 9.25% Series B Cumulative Redeemable Preferred Stock at $25, for gross proceeds of $50M, with a 30-day option for 300,000 more. Listing on NYSE as “IIPR Pr B” is planned; closing is expected Oct. 19, 2026. Material Details #DetailAI Analyst View1$50M Series B preferred at 9.25%Adds higher-cost capital; impacts cash flows via fixed dividends.22.0M shares at $25 eachSets size and price; informs demand and…