Cannabis REIT Innovative Industrial Properties Generates $3.9 Million Revenue in Q3

Innovative Industrial Properties Reports Third Quarter 2018 Results

Quarterly Dividend Increased 40%, Driven by Strong Revenue and AFFO Growth

SAN DIEGO, November 7, 2018–(BUSINESS WIRE)–Innovative Industrial Properties, Inc. (NYSE: IIPR) (the “Company”), the leading provider of creative capital solutions to the medical-use cannabis industry, announced today results for the quarter ended September 30, 2018, the seventh full quarter since the Company commenced real estate operations and completed its initial public offering in December 2016.

Third Quarter 2018 Highlights

Financial Results and Financing Activity