Innovative Industrial Properties, Inc. Class Action Lawsuit - IIPR

The filed complaint alleges that Innovative Industrial Properties, Inc. made materially false and/or misleading statements and/or failed to disclose that: (i) IIPR was experiencing significant declines in rent and property-management fees in connection with certain customer leases; (ii) the foregoing would likely impair the Company’s ability to maintain funds from operations and revenue growth; (iii) accordingly, IIPR’s leasing operations were less profitable than the Company had represented to investors; and (iv) as a result, the Company’s public statements were materially false and misleading at all relevant times.

In order to be eligible to join the IIPR class action lawsuit, you must have incurred a loss on shares of Innovative Industrial Properties purchased during the class period listed above.

If you suffered a loss in Innovative Industrial Properties during the relevant time frame or pursuant to the relevant offering(s), 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 a lead plaintiff.