Innovative Industrial Properties
Triple-net REIT financing U.S. state-licensed cannabis operators where federal banks cannot lend.
$56.50
After-hours close+0.17 (+0.29%)
At close$56.34(−0.15%)
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Breakdown13F · Form 4
Institutions 80.99%23.48M sharesInsiders 1.02%297.1K sharesOther 17.99%5.21M shares
Shares outstanding 29.00M · Float 27.02M · 93.2% free float
Institutions13F, as of Jun 30, 2026
338 holders · 23.48M shares · 60 new positions · 203 increased · 68 reduced · 33 closed
| Holder | Shares | % outstanding | Chg q/q | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 5.00M | 17.24% | +215.9K | Aug 7, 2026 |
| Vanguard Portfolio Management LLC | 2.82M | 9.72% | +90.0K | Aug 13, 2026 |
| State Street Corp | 1.63M | 5.62% | +42.2K | Aug 7, 2026 |
| Vanguard Capital Management LLC | 1.29M | 4.46% | +50.4K | Aug 13, 2026 |
| Charles Schwab Investment Management Inc | 648.6K | 2.24% | +75.0K | Aug 14, 2026 |
| Sixth Street Partners Management Company, L.P. | 648.6K | 2.24% | +648.6Knew | Aug 14, 2026 |
| Arrowstreet Capital, Limited Partnership | 564.3K | 1.95% | +24.7K | Aug 13, 2026 |
| Mirae Asset Global Etfs Holdings Ltd. | 524.2K | 1.81% | +8.1K | Aug 14, 2026 |
Beneficial owners13D/G · 5% or more, as filed
| Holder | % of class | Shares | Form | Filed |
|---|---|---|---|---|
| BlackRock, Inc. | 16.70% | 4.68M | 13G | Jul 17, 2025 ↗ |
| Vanguard Portfolio Management | 9.73% | 2.74M | 13G | Apr 29, 2026 ↗ |
| Vanguard Capital Management | 5.25% | 1.48M | 13G | Apr 30, 2026 ↗ |
InsidersForm 4
| Insider | Role | Shares | % outstanding | Filed |
|---|---|---|---|---|
| Paul E. Smithers | director, officer: PRESIDENT, CEO AND DIRECTOR | 172.9K | 0.60% | Jun 23, 2026 |
| Gary A. Kreitzer | director | 63.1K | 0.22% | Dec 30, 2025 |
| David Jon Smith | officer: CFO AND TREASURER | 32.8K | 0.11% | Jun 23, 2026 |
| Andy Bui | officer: VP, CHIEF ACCOUNTING OFFICER | 16.2K | 0.06% | Jan 21, 2026 |
| David Gerard Boyle | director | 3.0K | 0.01% | Jun 13, 2025 |
| Bruce Alan Ives | director | 2.7K | 0.01% | Jun 11, 2026 |
| Scott Shoemaker | director | 2.6K | 0.01% | Feb 3, 2026 |
| Alan D. Gold | director, officer: EXECUTIVE CHAIRMAN | 2.6K | 0.01% | Nov 25, 2025 |
| David Stecher | director | 1.3K | 0.00% | Mar 5, 2025 |
1 ten-percent owner holds 525.0K shares by Form 4, outside the officers-and-directors figure above · 10 people have not refiled in the last 18 months (447.6K shares), so they are not in the figure above
Latest trades
| Date | Insider | Type | Shares | Avg price | Owned after |
|---|---|---|---|---|---|
| Nov 24, 2025 | Alan D. Golddirector, officer: EXECUTIVE CHAIRMAN | Purchase | 2,600 | $49.09 | 2,600 |
| Nov 20, 2025 | David Jon Smithofficer: CFO AND TREASURER | Purchase | 600 | $45.90 | 600 |
| Nov 19, 2025 | Alan D. Golddirector, officer: EXECUTIVE CHAIRMAN | Purchase | 1,000 | $46.26 | 57,500 |
| Nov 20, 2025 | Alan D. Golddirector, officer: EXECUTIVE CHAIRMAN | Purchase | 1,000 | $45.70 | 58,500 |
CongressHouse and Senate disclosures
Not reported.