Bronstein, Gewirtz & Grossman, LLC notifies investors that a class action lawsuit has been filed against Innovative Industrial Properties, Inc. (“IIPR” or “the Company”) (NYSE: IIPR) and certain of its officers.

Class Definition

This lawsuit seeks to recover damages against Defendants for alleged violations of the federal securities laws on behalf of all persons and entities that purchased or otherwise acquired IIPR securities between February 27, 2024, and December 19, 2024, both dates inclusive (the “Class Period”). Such investors are encouraged to join this case.

Case Details

The complaint alleges that, throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operations, and prospects. Specifically, the Complaint alleges that Defendants made false and/or misleading statements and/or failed to disclose that: (1) IIPR was experiencing significant declines in rent and property-management fees in connection with certain customer leases; (2) the foregoing would likely impair the Company’s ability to maintain FFO and revenue growth; (3) accordingly, IIPR’s leasing operations were less profitable than the Company had represented to investors; and (4) as a result, the Company’s public statements were materially false and misleading at all relevant times.

What’s Next?

A class action lawsuit has already been filed. You may review a copy of the Complaint. You may also contact Peretz Bronstein, Esq. or his Client Relations Manager, Nathan Miller, of Bronstein, Gewirtz & Grossman, LLC: 332-239-2660. If you suffered a loss in IIPR you have until March 18, 2025, to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as lead plaintiff.