Innovative Industrial Properties, Inc.
US ˙ NYSE ˙ US45781V1017

SecurityIIPR / Innovative Industrial Properties, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership4,291 shares
Latest Disclosed Value $ 215,254
Cwm, Llc reports 9.59% decrease in ownership of IIPR / Innovative Industrial Properties, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 4,291 shares of Innovative Industrial Properties, Inc. (US:IIPR) valued at $215,237 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 4,746 shares of Innovative Industrial Properties, Inc.. The current value of the position is $245,746 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

Upgrade to unlock premium data and export to Excel .

Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 4,291 -455 -9.59 215 0.0006
2026-01-26 2025-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 4,746 -804 -14.49 0 0.0006
2025-10-15 2025-09-30 13F INNOVATIVE INDL PPTYS COM 45781V101 5,550 982 21.50 0 0.0009
2025-07-25 2025-06-30 13F INNOVATIVE INDL PPTYS COM 45781V101 4,568 1,721 60.45 0 0.0009
2025-05-01 2025-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 2,847 85 3.08 0 0.0006
2025-02-04 2024-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 2,762 123 4.66 0 0.0008
2024-10-08 2024-09-30 13F INNOVATIVE INDL PPTYS COM 45781V101 2,639 -69 -2.55 0 0.0015
2024-07-10 2024-06-30 13F INNOVATIVE INDL PPTYS COM 45781V101 2,708 -6 -0.22 0 0.0014
2024-04-05 2024-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 2,714 -86 -3.07 0 0.0014
2024-02-01 2023-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 2,800 747 36.39 0 0.0015
2023-10-11 2023-09-30 13F INNOVATIVE INDL PPTYS COM 45781V101 2,053 -13 -0.63 0 0.0009
2023-08-03 2023-06-30 13F INNOVATIVE INDL PPTYS COM 45781V101 2,066 666 47.57 0 0.0009
2023-05-01 2023-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 1,400 298 27.04 0 0.0007
2023-02-01 2022-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 1,102 103 10.31 0 -100.00 0.0008
2022-10-27 2022-09-30 13F INNOVATIVE INDL PPTYS COM 45781V101 999 29 2.99 88 -17.76 0.0007
2022-07-28 2022-06-30 13F INNOVATIVE INDL PPTYS COM 45781V101 970 168 20.95 107 -35.15 0.0008
2022-04-21 2022-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 802 261 48.24 165 16.20 0.0012
2022-01-31 2021-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 541 433 400.93 142 576.19 0.0010
2021-09-15 2021-06-30 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2021-07-29 2021-06-30 13F INNOVATIVE INDL PPTYS COM 45781V101 108 0 21 0.0002
2021-09-15 2021-03-31 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2021-04-27 2021-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 53 -55 10 0.0001
2021-09-15 2020-12-31 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2021-01-27 2020-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 143 35 26 0.0002
2021-09-15 2020-09-30 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2020-10-19 2020-09-30 13F INNOVATIVE INDL PPTYS COM 45781V101 143 35 18 0.0002
2021-09-15 2020-06-30 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2020-07-22 2020-06-30 13F INNOVATIVE INDL PPTYS COM 45781V101 43 -65 4 0.0000
2021-09-15 2020-03-31 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2020-04-28 2020-03-31 13F INNOVATIVE INDL PPTYS COM 45781V101 43 -65 3 0.0000
2021-09-14 2019-12-31 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2020-01-27 2019-12-31 13F INNOVATIVE INDL PPTYS COM 45781V101 100 -8 8 0.0001
2021-09-14 2019-09-30 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2021-09-14 2019-06-30 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 0 0.00 21 0.00 0.0002
2021-09-02 2019-03-31 13F/A-1 INNOVATIVE INDL PPTYS COM 45781V101 108 108 21 0.0002
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.