SAN DIEGO — Innovative Industrial Properties, Inc. (NYSE: IIPR) announced today it will report results for its second quarter ended June 30, 2023 after the market closes on Wednesday, August 2, 2023.
Alan Gold, Executive Chairman, Paul Smithers, President and Chief Executive Officer, David Smith, Chief Financial Officer, Catherine Hastings, Chief Operating Officer, and Ben Regin, Chief Investment Officer, will host an investor conference call at 10:00 a.m. Pacific Time on Thursday, August 3, 2023, to discuss the company’s financial results and operations for the quarter.
The call will be available through a live audio webcast at the Investor Relations section of the company’s website at www.innovativeindustrialproperties.com, or live by calling 1-877-328-5514 (domestic) or 1-412-902-6764 (international) and asking to be joined to the Innovative Industrial Properties, Inc. conference call. The complete webcast will be archived for 90 days on the company’s website. A telephone playback of the conference call will also be available from 12:00 p.m. Pacific Time on Thursday, August 3, 2023 until 12:00 p.m. Pacific Time on Thursday, August 10, 2023 by calling 1‐877‐344‐7529 (domestic), 855‐669‐9658 (Canada) or 1‐412‐317‐0088 (international) and using access code 3091204.
About Innovative Industrial Properties
Innovative Industrial Properties, Inc. is a self-advised Maryland corporation focused on the acquisition, ownership and management of specialized industrial properties leased to experienced, state-licensed operators for their regulated cannabis facilities. Innovative Industrial Properties, Inc. has elected to be taxed as a real estate investment trust, commencing with the year ended December 31, 2017. Additional information is available at www.innovativeindustrialproperties.com.
Innovative Industrial Properties, Inc. (NYSE IIPR) is an internally managed real estate investment trust (REIT) focused on the acquisition, ownership and management of specialized properties leased to experienced, state-licensed operators for their regulated cannabis facilities. The regulated cannabis industry has experienced tremendous momentum in the United States, with 39 states and Washington, D.C. having legalized cannabis for medical-use, and 21 states and Washington, D.C. having legalized cannabis for adult-use as of January 31, 2023, according to Marijuana Business Daily. According to BDSA, regulated cannabis sales in the United States are projected to grow from $26.1 billion in 2022 to $44.5 billion by 2027, representing a compound annual growth rate of approximately 11%.
As of December 31, 2022, we owned 110 properties comprising an aggregate of approximately 8.6 million rentable square feet (including approximately 1.6 million rentable square feet under development or redevelopment) in 19 states.
Our senior management team has proven experience in all aspects of the real estate industry, including acquisitions, dispositions, construction, development, management, finance and capital markets. Our executive chairman, Alan D. Gold, is a 35-year veteran of the real estate industry, including co-founding two NYSE-listed REITs: BioMed Realty Trust, Inc. (formerly NYSE: BMR), a real estate company focused on acquiring, developing, owning, leasing and managing laboratory and office space for the life science industry; and Alexandria Real Estate Equities, Inc. (NYSE: ARE), an urban office REIT focused on collaborative science and technology campuses. Mr. Gold served as chairman and chief executive officer of BioMed Realty from its initial public offering in 2004 through its sale to Blackstone in 2016 for $8 billion.
