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

January 27, 2025 4:00 PM EST | Source: Kirby McInerney LLP

New York, New York--(Newsfile Corp. - January 27, 2025) - The law firm of Kirby McInerney LLP reminds investors who purchased Innovative Industrial Properties, Inc. ("IIPR" or the "Company") (NYSE: IIPR) securities to contact Thomas W. Elrod of Kirby McInerney LLP by email at investigations@kmllp.com, or fill out the contact form below, to discuss your rights or interests with respect to the securities fraud class action lawsuit against the Company.

[CONTACT FORM]

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.

[LEARN MORE ABOUT THE CLASS ACTION]

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.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules.

Contacts
Kirby McInerney LLP
Thomas W. Elrod, Esq.
212-699-1180
https://www.kmllp.com
investigations@kmllp.com

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238606

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