PreferredStockChannel

Slideshow Preferred Stock Offerings

By Preferred Stock Channel Staff, updated Sun, December 5, 6:14 AM

Slide #188. Innovative Industrial Properties, Inc. Preferred Stock Offering

Company: Innovative Industrial Properties, Inc. (NYSE:IIPR)
Date announced: 10/2/2017
Shares Offered: 600,000
Date of Pricing: 10/11/2017
Price Per Share: $25.00
Preferred Stock Offering Details: Innovative Industrial Properties, Inc. (the "Company") (NYSE:IIPR) announced today that it has filed a registration statement for a public offering of Series A Cumulative Redeemable Preferred Stock ("Series A Preferred Stock"). The Company expects to grant the underwriters a 30-day option to purchase additional shares to cover overallotments, if any. Currently no market exists for the Series A Preferred Stock. The Company plans to file an application to list the Series A Preferred Stock on the NYSE under the symbol "IIPRPrA." -updated 10/11- Innovative Industrial Properties, Inc. (the "Company") (NYSE:IIPR) announced today the pricing of an underwritten public offering of 600,000 shares of its 9.0% Series A Cumulative Redeemable Preferred Stock, par value $0.001 per share (the "Series A Preferred Stock"), at a price of $25.00 per share, for gross proceeds of approximately $15.0 million. The Company granted the underwriters of the offering a 30-day option to purchase up to an additional 90,000 shares of the Company's Series A Preferred Stock at the public offering price to cover over-allotments, if any. The Company intends to list the Series A Preferred Stock on the New York Stock Exchange under the symbol "IIPRPrA." Shares of the Company's common stock also trade on the New York Stock Exchange under the symbol "IIPR." The offering is expected to close on October 19, 2017, subject to customary closing conditions.

Innovative Industrial Properties is a holding company. Through its subsidiaries, Co. is a real estate investment trust focused on the acquisition, ownership and management of industrial properties leased to state-licensed operators for their regulated state-licensed cannabis facilities. Co. leases its properties on a triple-net lease basis, where the tenant is responsible for various aspects of and costs related to the property and its operation during the lease term, including structural repairs, maintenance, taxes and insurance. Co. conducts its business through a real estate investment trust, in which its properties are owned by its operating partnership, IIP Operating Partnership, LP.

Preferred: IIPR.PRA


Open the IIPR Page at Preferred Stock Channel »

Name: 
Innovative Industrial Properties Inc
Website: 
www.innovativeindustrialproperties.com
Sector: 
Real Estate
Number of ETFs Holding IIPR: 
62 (see which ones)
Total Market Value Held by ETFs: 
$1,686,368,309.47
Total Market Capitalization: 
$6,145,000,000
% of Market Cap. Held by ETFs: 
27.44%
 

Open the IIPR Page at Preferred Stock Channel (in a new window) »

Quotes delayed 20 minutes

Email EnvelopeFree IIPR Email Alerts:
Get Dividend Alerts
Get SEC Filing Alerts

Buy (3.33 out of 4)
42nd percentile
(ranked lower than approx. 58% of all stocks covered)
Based on data provided by Zacks Investment Research via Quandl.com
Top Ten Highest Yielding Preferred Stocks
Feel-Good Income: Socially Responsible Preferreds
Dividend Channel's 25 S.A.F.E. Dividend Stocks
Increasing Payments For Decades

Safer than S.A.F.E: Preferreds of Dividend Channel's
S.A.F.E. Dividend Stocks

Recent Preferred Stock Offerings
Preferred Stocks of Dow Components
Preferred Stocks of S&P 500 Components
Preferred Stocks By Industry
Preferred Stocks Where Insiders Are Buying The Common
High Yield Preferred Stocks
Preferreds Trading At Premiums To Liquidation Preference
Preferreds Trading At Discounts To Liquidation Preference
The Top 10 DividendRank'ed U.S. Stocks
The Top 10 DividendRank'ed Canadian Stocks
Top 25 Broker Analyst Picks of the S&P 500
Stock market game

Preferred Stock Offerings - Slide 188 of 573 | www.PreferredStockChannel.com

Copyright © 2010 - 2021, All Rights Reserved Nothing in Preferred Stock Channel is intended to be investment advice, nor does it represent the opinion of, counsel from, or recommendations by BNK Invest Inc. or any of its affiliates, subsidiaries or partners. None of the information contained herein constitutes a recommendation that any particular security, portfolio, transaction, or investment strategy is suitable for any specific person. All viewers agree that under no circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held liable for any loss or damage caused by your reliance on information obtained. By visiting, using or viewing this site, you agree to the following Full Disclaimer & Terms of Use and Privacy Policy. Video widget and videos powered by Market News Video. Quote data delayed at least 20 minutes; data powered by Ticker Technologies, and Mergent. Contact Preferred Stock Channel; Meet Our Editorial Staff.