---
title: "Innovative Industrial Properties investor deck highlights $2.4 billion cannabis, life sciences portfolio"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294737342.md"
description: "Innovative Industrial Properties (IIPR) highlighted its $2.4 billion diversified REIT portfolio spanning cannabis and life sciences real estate. Q2 2026 revenue reached $63.3 million with annualized AFFO per share of $7.32. Cannabis remains dominant at 87.6% of base rent, while life sciences accounts for 12.2%, centered on a $270 million IQHQ commitment. The balance sheet shows $623.6 million in gross debt, a net debt to adjusted EBITDA ratio of 1.7x, and $300 million in available liquidity."
datetime: "2026-08-03T20:48:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294737342.md)
  - [en](https://longbridge.com/en/news/294737342.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294737342.md)
generator: "portal-rs"
---

# Innovative Industrial Properties investor deck highlights $2.4 billion cannabis, life sciences portfolio

-   IIPR outlined a diversified REIT strategy spanning cannabis real estate and life sciences, with USD 2.4 billion of total invested capital across 108 properties. \* Revenue for Q2 2026 totaled USD 63.3 million; annualized AFFO per share was USD 7.32; net debt to adjusted EBITDA was 1.7x. \* Portfolio revenue mix remained cannabis-heavy at 87.6% of base rent/interest, with life sciences at 12.2% on USD 325 million annualized base rent/interest. \* Life sciences exposure centered on a USD 270 million IQHQ commitment, split between a 13.5% yield revolving credit facility and 15% yield preferred stock. \* Balance sheet update highlighted USD 402.5 million of 6% exchangeable senior notes due June 2029; gross debt was USD 623.6 million; liquidity available was USD 300 million. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. IIP - Innovative Industrial Properties Inc. published the original content used to generate this news brief on August 03, 2026, and is solely responsible for the information contained therein. © Copyright 2026 - Public Technologies (PUBT) Original Document: here

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**