Innovative Industrial Properties, Inc. (NYSE:IIPR) Files An 8-K Results of Operations and Financial Condition
Item2.02
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Results of Operations and Financial Condition. |
On March 22, 2017, Innovative Industrial Properties, Inc. issued
a press release regarding its financial results for the fourth
quarter ended December 31, 2016 and for the period from June 15,
2016 (date of incorporation) through December 31, 2016. A copy of
the press release is attached hereto as Exhibit 99.1 and is
incorporated by reference herein.
The information contained in this Current Report, including
Exhibit 99.1 referenced herein, is being furnished and shall not
be deemed filed for purposes of Section18 of the Securities
Exchange Act of 1934, as amended, or otherwise subject to the
liabilities of that section. Such information shall not be
incorporated by reference into any filing of Innovative
Industrial Properties, Inc., whether made before or after the
date hereof, regardless of any general incorporation language in
such filing.
| Item9.01 | Financial Statements and Exhibits. |
| (d) | The following exhibit is furnished herewith: |
|
Exhibit Number |
Description of Exhibit |
|
| 99.1 |
Press release issued by Innovative Industrial Properties, Inc. on March 22, 2017. |
About Innovative Industrial Properties, Inc. (NYSE:IIPR)
Innovative Industrial Properties, Inc. is focused on the acquisition, ownership and management of specialized industrial properties leased to state-licensed operators for their regulated medical-use cannabis facilities. The Company intends to acquire its properties through sale-leaseback transactions and third-party purchases. It is focused on leasing its properties on a triple-net lease basis, where the tenant is responsible for all aspects of and costs related to the property and its operation during the lease term, including maintenance, taxes and insurance. The Company intends to conduct business in an umbrella partnership real estate investment trust (UPREIT), structure through its operating partnership. The Company’s real estate investments will consist of primarily properties suitable for cultivation and production of medical-use cannabis. Innovative Industrial Properties, Inc. (NYSE:IIPR) Recent Trading Information
Innovative Industrial Properties, Inc. (NYSE:IIPR) closed its last trading session up +0.34 at 17.34 with 20,721 shares trading hands.
