Philadelphia, Pennsylvania--(Newsfile Corp. - December 20, 2024) - Kehoe Law Firm, P.C. is investigating potential securities claims on behalf of investors of Innovative Industrial Properties, Inc. (NYSE: IIPR) ("Innovative Industrial" or "IIPR") for potential violations of securities laws.
INVESTORS OF IIPR STOCK WITH FINANCIAL LOSSESCAN CLICK HERE OR EMAIL INFO@KEHOELAWFIRM.COM TO CONTACT KEHOE LAW FIRM, P.C. TO DISCUSS THE SECURITIES CLASS ACTION INVESTIGATION AND POTENTIAL LEGAL CLAIMS.
The class action securities investigation focuses on whether IIPR made false and misleading statements to the market, thereby injuring investors.
On November 6, 2024, Innovative Industrial released its third-quarter financial results, which fell short of consensus estimates for normalized funds from operations and revenue. Innovative Industrial attributed the disappointing results to a decline in rent and property management fees collected during the quarter.
On this news, shares of IIPR dropped by over 10.5% the following day, resulting in financial losses for investors.
Kehoe Law Firm, P.C. is a multidisciplinary, plaintiff-side class action law firm dedicated to protecting investors from securities fraud, breaches of fiduciary duties, and corporate misconduct. Combined, the partners at Kehoe Law Firm, P.C. have served as Lead Counsel or Co-Lead Counsel in cases that have recovered more than $10 billion on behalf of institutional and individual investors.
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