Vanguard Group Inc. - Schedule 13G Filing Amendment

This filing is an amendment to a Schedule 13G filed by The Vanguard Group, Inc. concerning Innovative Industrial Properties Inc. The filing indicates that as of March 13, 2026, Vanguard Group, as an investment advisor, has adjusted its reporting of beneficial ownership. Due to an internal realignment on January 12, 2026, certain subsidiaries now report beneficial ownership separately. Vanguard Group, Inc. no longer reports beneficial ownership for securities held by these subsidiaries. The filing states that the securities were acquired and are held in the ordinary course of business and not for the purpose of influencing the control of the issuer. The number of shares beneficially owned and the ownership percentage are reported as 0, with sole and shared voting and dispositive powers also indicated as 0. This is consistent with the disaggregated reporting approach following the internal restructuring.