Johnson Fistel, PLLP is investigating claims on behalf of shareholders of Innovative Industrial Properties. If you are a long-term shareholder who has continuously held shares since February 27, 2024, you may have standing to hold company officers and directors personally accountable for alleged misconduct and help implement corporate governance reforms.

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 Defendants made 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 FFO 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.