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Shareholders that lost money on Innovative Industrial Properties, Inc.(IIPR) should contact The Gross Law Firm about pending Class Action - IIPR

1. Gross Law Firm initiates a class action against IIPR. Allegations claim misleading statements. 2. Allegations target declines in rent and property-management fees. Revenue growth is questioned. 3. Class period spans Feb 27, 2024 to Dec 19, 2024. Registration deadline is March 18, 2025. 4. Shareholders are urged to register for possible lead plaintiff status. Participation incurs no cost.

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Why Bearish?

The lawsuit alleges that IIPR misrepresented critical financial metrics, raising investor concerns. Past class action filings against REITs have historically led to temporary declines in stock prices due to settlement risks and reputational damage.

How important is it?

The allegations question IIPR's financial representations and profitability, directly affecting investor sentiment and potential recovery outcomes. The case could lead to legal and reputational risks that impact the stock price, as seen with similar litigation in the past.

Why Short Term?

Litigation news typically induces near-term volatility until legal outcomes are clearer. Similar cases in the past affected stock prices briefly until resolution or settlement.

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NEW YORK, Feb. 20, 2025 /PRNewswire/ -- The Gross Law Firm issues the following notice to shareholders of Innovative Industrial Properties, Inc. (NYSE: IIPR). Shareholders who purchased shares of IIPR during the class period listed are encouraged to contact the firm regarding possible lead plaintiff appointment. Appointment as lead plaintiff is not required to partake in any recovery. CONTACT US HERE: https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form-2/?id=130525&from=4 CLASS PERIOD: February 27, 2024 to December 19, 2024 ALLEGATIONS: The complaint alleges that during the class period, Defendants issued materially false and/or misleading statements and/or failed to disclose that: (i) IIPR was experiencing significant declines in rent and property-management fees in connection with certain customer leases; (ii) the foregoing would likely impair the Company's ability to maintain funds from operations and revenue growth; (iii) accordingly, IIPR's leasing operations were less profitable than the Company had represented to investors; and (iv) as a result, the Company's public statements were materially false and misleading at all relevant times. DEADLINE: March 18, 2025 Shareholders should not delay in registering for this class action. Register your information here: https://securitiesclasslaw.com/securities/innovative-industrial-properties-inc-loss-submission-form-2/?id=130525&from=4 NEXT STEPS FOR SHAREHOLDERS: Once you register as a shareholder who purchased shares of IIPR during the timeframe listed above, you will be enrolled in a portfolio monitoring software to provide you with status updates throughout the lifecycle of the case. The deadline to seek to be a lead plaintiff is March 18, 2025. There is no cost or obligation to you to participate in this case. WHY GROSS LAW FIRM? The Gross Law Firm is a nationally recognized class action law firm, and our mission is to protect the rights of all investors who have suffered as a result of deceit, fraud, and illegal business practices. The Gross Law Firm is committed to ensuring that companies adhere to responsible business practices and engage in good corporate citizenship. The firm seeks recovery on behalf of investors who incurred losses when false and/or misleading statements or the omission of material information by a company lead to artificial inflation of the company's stock. Attorney advertising. Prior results do not guarantee similar outcomes. CONTACT:The Gross Law Firm15 West 38th Street, 12th floorNew York, NY, 10018Email: [email protected]Phone: (646) 453-8903 SOURCE The Gross Law Firm

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