06:34 AM EDT, 03/18/2025 (MT Newswires) -- Innovative Industrial Properties ( IIPR ) said in a filing late Monday its board has authorized a $100 million share repurchase program for its common stock, set to run for a year.

Repurchases may occur through open market purchases, block trades, or private transactions, the company said.

The buyback is expected to be funded from existing cash balances and proceeds from Series A preferred stock sales.