Innovative Industrial Properties Announces Tax Treatment of 2025 Distributions
SAN DIEGO--( BUSINESS WIRE)--Innovative Industrial Properties, Inc. (IIP) (NYSE: IIPR) today announced the tax treatment of its 2025 distributions as follows:
Security Description: Common Stock
CUSIP: 45781V101
Ticker Symbol: IIPR
Record
Date
Payable
Date
Total
Distribution
Per Share
Allocable
to 2025
Taxable
Ordinary
Dividend
Return of
Capital
Long-Term
Capital Gain
Unrecaptured
Section 1250
Gain
Section
199A
Dividend (1)
12/31/2024
01/15/2025
$1.900000
$1.070000
$0.970900
$0.099100
$0.000000
$0.000000
$0.970900
03/31/2025
04/15/2025
$1.900000
$1.900000
$1.724100
$0.175900
$0.000000
$0.000000
$1.724100
06/30/2025
07/15/2025
$1.900000
$1.900000
$1.724100
$0.175900
$0.000000
$0.000000
$1.724100
09/30/2025
10/15/2025
$1.900000
$1.900000
$1.724100
$0.175900
$0.000000
$0.000000
$1.724100
Totals
$7.600000
$6.770000
$6.143200
$0.626800
$0.000000
$0.000000
$6.143200
Security Description: 9.00% Series A Cumulative Redeemable Preferred Stock
CUSIP: 45781V200
Ticker Symbol: IIPR PR A
Record
Date
Payable
Date
Total
Distribution
Per Share
Allocable
to 2025
Taxable
Ordinary
Dividend
Return of
Capital
Long-Term
Capital Gain
Unrecaptured
Section 1250
Gain
Section
199A
Dividend (1)
03/31/2025
04/15/2025
$0.562500
$0.562500
$0.510400
$0.052100
$0.000000
$0.000000
$0.510400
06/30/2025
07/15/2025
$0.562500
$0.562500
$0.510400
$0.052100
$0.000000
$0.000000
$0.510400
09/30/2025
10/15/2025
$0.562500
$0.562500
$0.510400
$0.052100
$0.000000
$0.000000
$0.510400
Totals
$1.687500
$1.687500
$1.531200
$0.156300
$0.000000
$0.000000
$1.531200
(1)
These amounts are a subset of, and included in, Taxable Ordinary Dividend amounts.
As previously disclosed by IIP on January 27, 2025 in its press release announcing the tax treatment of 2024 dividends, the common stock distribution with a record date of December 31, 2024 was a split-year distribution, with $0.83 allocable to 2024 for federal income tax purposes and $1.07 allocable to 2025 for federal income tax purposes. The preferred stock distribution with a record date of December 31, 2024 was all allocable to 2024 for federal income tax purposes.
IIP did not incur any foreign taxes in 2025. Stockholders are encouraged to consult with their personal tax advisors as to their specific tax treatment of IIP’s distributions.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized industrial properties and life science real estate. Additional information is available at www.innovativeindustrialproperties.com.