INNOVATIVE INDUSTRIAL PROPERTIES INC (IIPR) - Dilution Analysis

Visualizing historical and potential share dilution over time

Dilution Analysis

Low Risk
Limited dilution potential
Last updated: May 05, 2026

Risk Assessment Details

Potential Dilution: 0.0% of current shares
Recent Dilution: 2.17% (2 years)
Historical Dilution Factor: minimal recent dilution
Outstanding Shares
28M
Potential Supply
0
Additional shares possible
Splits
None
Past 2 years

Summary

IIPR currently has 28.5M outstanding shares. with minimal authorized share overhang for future dilution. The company has minimally diluted shareholders by 2.17% over the past 2 years.

Share Structure Timeline

Outstanding Shares
Total Supply

Historical Data Points

Date Event Outstanding Supply
May 05, 2026

10-Q filing | 28.5M shares outstanding

28M 0
Nov 04, 2025

10-Q filing | 27.9M shares outstanding

28M 0
Oct 02, 2025

8-K filing: IIP Life Science purchased 5,000 shares of IQHQ REIT's 15.0% Series G-1 Cumulative Redeemable Preferred Stock at $1,000 per share and committed to provide a $100.0 million loan to IQHQ OP. ($5.0M proceeds)

28M 0
Aug 07, 2025

10-Q filing | 27.9M shares outstanding

28M 0
May 08, 2025

10-Q filing | 28.3M shares outstanding

28M 0
Feb 21, 2025

10-K filing | 28.2M shares outstanding

28M 0
Nov 07, 2024

10-Q filing | 28.3M shares outstanding

28M 0
Aug 06, 2024

10-Q filing | 28.3M shares outstanding

28M 0
May 09, 2024

10-Q filing | 28.5M shares outstanding

28M 0
Feb 27, 2024

10-K filing | 28.3M shares outstanding

28M 0
Nov 02, 2023

10-Q filing | 28.0M shares outstanding

28M 0
Aug 03, 2023

10-Q filing | 28.0M shares outstanding

28M 0
May 09, 2023

10-Q filing | 27.9M shares outstanding

28M 0
Feb 28, 2023

10-K filing | 27.7M shares outstanding

28M 0
Nov 09, 2022

10-Q filing | 27.9M shares outstanding

28M 0
Aug 04, 2022

10-Q filing | 28.0M shares outstanding

28M 0
May 05, 2022

10-Q filing | 26.3M shares outstanding

26M 0
Apr 05, 2022

8-K filing: Innovative Industrial Properties, Inc. completed an offering of 1,578,948 shares of common stock at $190.00 per share on April 5, 2022, with gross proceeds of approximately $300.0 million. The underwriters also exercised their option to purchase an additional 236,842 shares, expected to close on April 6, 2022, bringing the total expected gross proceeds to approximately $345.0 million. ($300.0M proceeds)

26M 0
Feb 24, 2022

10-K filing | 26.3M shares outstanding

26M 0
Nov 04, 2021

10-Q filing | 23.9M shares outstanding

24M 0
Aug 05, 2021

10-Q filing | 23.9M shares outstanding

24M 0
May 06, 2021

10-Q filing | 23.9M shares outstanding

24M 0
Feb 26, 2021

10-K filing | 23.9M shares outstanding

24M 0
Nov 05, 2020

10-Q filing | 21.7M shares outstanding

22M 0
Aug 06, 2020

10-Q filing | 17.6M shares outstanding

18M 0
Jul 02, 2020

8-K filing: Innovative Industrial Properties, Inc. completed an offering of 3,085,867 shares of common stock at a price of $83.85 per share, resulting in gross proceeds of approximately $258.7 million and 21,700,428 shares outstanding after the closing. ($258.7M proceeds)

22M 0
May 29, 2020

8-K filing: Innovative Industrial Properties, Inc. completed an offering of 1,550,648 shares of common stock at a price of $74.1625 per share, resulting in gross proceeds of approximately $115.0 million. After the closing, the number of shares of Common Stock outstanding was 18,613,422. ($115.0M proceeds)

19M 0
May 07, 2020

10-Q filing | 15.9M shares outstanding

16M 0
Mar 02, 2020

10-K filing | 17.0M shares outstanding

17M 0
Jan 28, 2020

8-K filing: Innovative Industrial Properties, Inc. completed an offering of 3,412,969 shares of common stock at a price of $73.25 per share, resulting in gross proceeds of approximately $250.0 million and 17,035,660 shares outstanding after the closing. ($250.0M proceeds)

17M 0
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