Data as of December 31, 2025 for the total portfolio.
Rentable square feet includes expected rentable square feet upon completion of projects under development or redevelopment.
Additional information found here:
IIP Financial Supplement Report
Property Type and Tenant Composition
Operator Type
87% MSO
13% SSO
Company Type
66% Public
34% Private
Data as of 12/31/25 unless otherwise noted:
(1) As a % of Annualized Base Rent (“ABR”). ABR is calculated by multiplying the sum of contractually due base rents and property management fees for the last month in the quarter, by twelve.
(2) “Industrial” reflects facilities utilized or expected to be utilized for regulated cannabis cultivation, processing and/or distribution activities, which can consist of industrial and/or greenhouse space.
(3) Excludes non-cannabis tenants that comprise less than 1% of annualized base rent in the aggregate.
(4) “MSO” stands for Multi-State Operator which means the tenant (or guarantor) conducts cannabis operations in more than one state. “SSO” stands for Single-State Operator which means the tenant (or guarantor) conducts cannabis operations in a single state.