Kirby McInerney LLP Reminds Innovative Industrial Properties, Inc. (IIPR) Investors of Class Action Filing and Encourages Investors to Contact the Firm

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The lawsuit was filed on behalf of investors who acquired IIPR securities from February 27, 2024, through December 19, 2024 ("the Class Period"). Investors have until March 18, 2025, to apply to the Court to be appointed as lead plaintiff in the lawsuit.

The complaint alleges that defendants, throughout the Class Period, made false and/or misleading statements and/or failed to disclose that: (1) IIPR was experiencing significant declines in rent and property-management fees in connection with certain customer leases; (2) the foregoing would likely impair the Company's ability to maintain FFO and revenue growth; and (3) accordingly, IIPR's leasing operations were less profitable than the Company had represented to investors.

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Kirby McInerney LLP is a New York-based plaintiffs' law firm concentrating in securities, antitrust, whistleblower, and consumer litigation. The firm's efforts on behalf of shareholders in securities litigation have resulted in recoveries totaling billions of dollars. Additional information about the firm can be found at Kirby McInerney LLP's website.

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