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Finance

Innovative Industrial Properties, Inc. (IIPR) Q2 2025 Earnings Call Transcript

Nexpressdaily
Last updated: August 7, 2025 5:59 pm
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Innovative Industrial Properties, Inc. (NYSE:IIPR) Q2 2025 Earnings Conference Call August 7, 2025 12:00 PM ET

Company Participants

Alan D. Gold – Executive Chairman
Ben Regin – Chief Investment Officer
David J. Smith – CFO & Treasurer
Eli Kanter – Corporate Participant
Paul E. Smithers – President, CEO & Director

Conference Call Participants

Aaron Thomas Grey – Alliance Global Partners, Research Division
Alexander David Goldfarb – Piper Sandler & Co., Research Division
Merrill Hadady Ross – Compass Point Research & Trading, LLC, Research Division
William Kirk – Unidentified Company
William Thomas Catherwood – BTIG, LLC, Research Division

Operator

Good day, everyone, and welcome to the Innovative Industrial Properties Second Quarter 2025 Earnings Conference Call. [Operator Instructions] Please note that this event is being recorded.

I would now like to turn the conference over to Eli Kanter, Director of Investor Relations. Please go ahead, sir.

Eli Kanter

Thank you for joining the call. Presenting today are Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; David Smith, Chief Financial Officer; and Ben Regin, Chief Investment Officer.

Before we begin, I’d like to remind everyone that statements made during today’s conference call may be deemed forward-looking statements within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995 and actual results may differ materially due to a variety of risks, uncertainties and other factors. Please refer to the documents filed by the company with the SEC, specifically the most recent reports on Form 10-K and 10-Q which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. We are not obligated to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

In addition, on today’s call, we will discuss certain

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