Innovative Industrial Properties added Huntington as a sales agent, forward seller and forward purchaser and ended Jefferies’ role, leaving approximately $336.9 million available in its Equity agreements. Investors retain access to an offering covering common stock and 9.00% Series A preferred stock, subject to stated ownership restrictions and Investment risks.

Key Highlights

  • Innovative Industrial Properties has sold 859,497 common-stock shares and 5,066,082 Series A preferred shares.
  • The equity program permits aggregate sales of up to $500,000,000 across common and preferred stock.
  • Offered shares are generally subject to a 9.8% ownership limit intended, among other purposes, to support REIT qualification.

Innovative Industrial Properties Inc. added Huntington Securities as a sales agent, forward seller and forward purchaser while ending its equity distribution agreement with Jefferies LLC. Approximately $336.9 million remains available under the company’s equity agreements for common-stock and preferred-stock sales. No further sales under the prospectus supplement will be made through Jefferies.

$500M Common and Preferred Stock Program

The equity distribution arrangements cover aggregate offerings of up to $500,000,000. Both classes have a Par Value of $0.001 per share. As of August 31, 2026, Innovative Industrial Properties had sold 859,497 common-stock shares and 5,066,082 Series A Preferred Shares through the agreements. The Series A Preferred Stock trades on the New York Stock Exchange under the symbol IIPRPrA, while the common stock trades under IIPR.

Huntington Joins the Distribution Group

Huntington joins BTIG, Piper Sandler (NYSE: PIPR), Roth Capital Partners, Stifel, Nicolaus & Company, and A.G.P./Alliance Global Partners in the distribution arrangements. The company’s common stock and Series A Preferred Stock remain subject to ownership and transfer restrictions, including a 9.8% limit on common stock or Capital Stock ownership in specified circumstances. The offering materials state that purchasing the securities involves a high degree of risk, including the possibility of a complete loss of investment.