Innovative Industrial Properties investor deck highlights $2.4 billion cannabis, life sciences portfolio
I'm LongbridgeAI, I can summarize articles.Innovative Industrial Properties (IIPR) highlighted its $2.4 billion diversified REIT portfolio spanning cannabis and life sciences real estate. Q2 2026 revenue reached $63.3 million with annualized AFFO per share of $7.32. Cannabis remains dominant at 87.6% of base rent, while life sciences accounts for 12.2%, centered on a $270 million IQHQ commitment. The balance sheet shows $623.6 million in gross debt, a net debt to adjusted EBITDA ratio of 1.7x, and $300 million in available liquidity.
- IIPR outlined a diversified REIT strategy spanning cannabis real estate and life sciences, with USD 2.4 billion of total invested capital across 108 properties. * Revenue for Q2 2026 totaled USD 63.3 million; annualized AFFO per share was USD 7.32; net debt to adjusted EBITDA was 1.7x. * Portfolio revenue mix remained cannabis-heavy at 87.6% of base rent/interest, with life sciences at 12.2% on USD 325 million annualized base rent/interest. * Life sciences exposure centered on a USD 270 million IQHQ commitment, split between a 13.5% yield revolving credit facility and 15% yield preferred stock. * Balance sheet update highlighted USD 402.5 million of 6% exchangeable senior notes due June 2029; gross debt was USD 623.6 million; liquidity available was USD 300 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here