Form 8-K Filing: Director Retirement

Gary Kreitzer will retire from the Board of Directors of Innovative Industrial Properties, Inc. and will not stand for re-election at the 2026 annual shareholder meeting. His departure is not due to any disagreements regarding the Company's operations, policies, or practices. Executive Chairman Alan Gold expressed gratitude for Kreitzer's service since the company's inception, acknowledging his leadership and insights in shaping the company's success and guiding it through growth and change. The filing also includes standard company information, registered securities, and a signature by CFO David Smith.