{"filing":{"accession_number":"0001104659-26-085238","cik":"0001677576","ticker":"IIPR-PA","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","form":"8-K","filing_date":"2026-07-21","report_date":null,"primary_document":"tm2620890d1_8k.htm","primary_document_url":"https://www.sec.gov/Archives/edgar/data/1677576/000110465926085238/tm2620890d1_8k.htm"},"events":[{"id":18993,"run_id":17093,"accession_number":"0001104659-26-085238","anchor_item_number":"8.01","event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"summary":"Parallel defaulted on rent obligations totaling approximately $1.6 million for July 2026 under two leases representing 5.2% of the Company's annualized contractual rent and income. The tenant has ceased cannabis operations and intends to vacate both properties. While technically a lease default rather than a debt covenant breach, this constitutes a material triggering event affecting the Company's direct financial obligations and cash flow, warranting classification as a covenant-like breach. The materiality is underscored by the tenant's operational cessation and stated intent to surrender the properties.","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","ticker":"IIPR-PA","filing_date":"2026-07-21","form":"8-K","submitted_at":null,"items":[{"id":17964,"accession_number":"0001104659-26-085238","item_number":"8.01","item_title":null,"event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Parallel defaulted on rent obligations totaling approximately $1.6 million for July 2026 under two leases representing 5.2% of the Company's annualized contractual rent and income. The tenant has ceased cannabis operations and intends to vacate both properties. While technically a lease default rather than a debt covenant breach, this constitutes a material triggering event affecting the Company's direct financial obligations and cash flow, warranting classification as a covenant-like breach. The materiality is underscored by the tenant's operational cessation and stated intent to surrender the properties.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-21T12:32:13.681812+00:00","company_name":"","ticker":null,"filing_date":""}]}],"classifications":[{"id":17964,"accession_number":"0001104659-26-085238","item_number":"8.01","item_title":null,"event_type":"covenant_breach","event_domain":"financial","is_material":true,"confidence":0.85,"reasoning":"Parallel defaulted on rent obligations totaling approximately $1.6 million for July 2026 under two leases representing 5.2% of the Company's annualized contractual rent and income. The tenant has ceased cannabis operations and intends to vacate both properties. While technically a lease default rather than a debt covenant breach, this constitutes a material triggering event affecting the Company's direct financial obligations and cash flow, warranting classification as a covenant-like breach. The materiality is underscored by the tenant's operational cessation and stated intent to surrender the properties.","classifier_version":"claude-haiku-4-5-20251001+prompt-a85dd512","taxonomy_version":"v1.3","classified_at":"2026-07-21T12:32:13.681812+00:00","company_name":"INNOVATIVE INDUSTRIAL PROPERTIES INC","ticker":"IIPR-PA","filing_date":"2026-07-21"}]}