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INNOVATIVE INDUSTRIAL PROPERTIES INC. 2024-2025 Proxy Voting Records

Compiled from SEC Form N-PX filings and INNOVATIVE INDUSTRIAL PROPERTIES INC.’s Form 8-K, filed June 11, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.

7Ballot items
377Asset managers
2,267Fund votes
June 11, 2025Meeting date

Results at a glance

Meeting of June 11, 2025: 7 items on INNOVATIVE INDUSTRIAL PROPERTIES INC.’s Form 8-K, filed June 11, 2025: 7 without a stated outcome.

Material dissent

None.

Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided

Proxy season: 2023-2024 2024-2025 2025-2026

Explore INNOVATIVE INDUSTRIAL PROPERTIES INC. in the interactive database Compare manager voting policies

Official 2024-2025 meeting results reported by INNOVATIVE INDUSTRIAL PROPERTIES INC.

These tallies are INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed June 11, 2025 (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.

INNOVATIVE INDUSTRIAL PROPERTIES INC. — official shareholder meeting results, meeting held June 11, 2025
Ballot item	For	Against	Abstain	Withheld	Broker non-votes	Support (of votes cast)	Reported outcome	Voting standard
Elect Director: Alan Gold	15,041,424	--	--	2,713,070	4,567,550	85%	Not verified	—
Elect Director: Gary Kreitzer	16,264,678	--	--	1,489,816	4,567,550	92%	Not verified	—
Elect Director: Scott Shoemaker	14,335,592	--	--	3,418,902	4,567,550	81%	Not verified	—
Elect Director: Paul Smithers	17,435,024	--	--	319,470	4,567,550	98%	Not verified	—
Elect Director: David Boyle	17,490,057	--	--	264,437	4,567,550	99%	Not verified	—
2. Ratification of the appointment of BDO USA, P.C	22,119,082	132,186	70,776	--	--	99.4%	Not verified	—
3. Advisory vote on the compensation of the Company's named executive officers	13,167,192	4,496,808	90,494	--	4,567,550	75%	Not verified	—

Source: INNOVATIVE INDUSTRIAL PROPERTIES INC., Form 8-K, filed with the SEC on June 11, 2025 — read the filing on EDGAR.

How asset managers voted at the INNOVATIVE INDUSTRIAL PROPERTIES INC. 2024-2025 meeting

Each item below shows how the 377 asset managers that disclosed a INNOVATIVE INDUSTRIAL PROPERTIES INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report.

1. Elect Director: Alan Gold

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

85% Majority: yes · of votes cast

FOR 85%WITHHELD

FOR: 15,041,424WITHHELD: 2,713,070

Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: Election of directors, each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified: Alan Gold

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“Elect Director: Alan Gold”): 15,041,424 for, 2,713,070 withheld, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 85% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 83 asset managers below reported 9,468,383 for, 1,094,240 withheld, 5 abstained.

FOR

FOR: 9,468,383ABSTAIN: 5WITHHOLD: 1,094,240

Largest asset managers voting on “Election of directors, each to serve until the next annual meeting of stockholders and until their successors ” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Vanguard	4,443,655	5	1,537	For
BlackRock	3,242,509	0	0	For
State Street	1,152	0	480,721	Withhold
Charles Schwab	0	0	449,509	Withhold
Pacer Funds Trust	187,795	0	0	For
WisdomTree	164,923	0	0	For
Dimensional	143,271	0	0	For
Thrivent	122,193	0	0	For
TIAA	102,014	0	0	For
Northern Trust	91,503	0	0	For
Equitable	75,766	0	0	For
First Trust	71,282	0	0	For
Columbia Threadneedle	64,019	0	0	For
Lincoln Financial	38,029	0	20,700	Mixed
Jackson National	56,808	0	0	For
JPMorgan	50,267	0	0	For
Bridge Builder Trust	13,184	0	35,600	Mixed
QUANTITATIVE MASTER SERIES LLC	48,120	0	0	For
Empower	47,587	0	0	For
ADVISORS' INNER CIRCLE FUND	39,780	0	3,300	Mixed
ETF Series Solutions	42,914	0	0	For
Invesco	40,901	0	0	For
AllianceBernstein	36,170	0	0	For
BRIDGEWAY FUNDS INC	32,200	0	0	For
BNY Mellon	30,450	0	0	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

2. Elect Director: David Boyle

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%

FOR: 17,490,057WITHHELD: 264,437

Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: Election of directors, each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified: David Boyle

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“Elect Director: David Boyle”): 17,490,057 for, 264,437 withheld, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 83 asset managers below reported 10,532,547 for, 30,080 withheld, 0 abstained.

FOR

FOR: 10,532,547ABSTAIN: 0WITHHOLD: 30,080

Largest asset managers voting on “Election of directors, each to serve until the next annual meeting of stockholders and until their successors ” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Withheld	Vote
Vanguard	4,443,660	1,537	For
BlackRock	3,242,509	0	For
State Street	481,873	0	For
Charles Schwab	449,509	0	For
Pacer Funds Trust	187,795	0	For
WisdomTree	164,923	0	For
Dimensional	143,271	0	For
Thrivent	122,193	0	For
TIAA	102,014	0	For
Northern Trust	91,503	0	For
Equitable	75,766	0	For
First Trust	71,282	0	For
Columbia Threadneedle	64,019	0	For
Lincoln Financial	58,729	0	For
Jackson National	56,808	0	For
JPMorgan	50,267	0	For
Bridge Builder Trust	48,784	0	For
QUANTITATIVE MASTER SERIES LLC	48,120	0	For
Empower	47,587	0	For
ADVISORS' INNER CIRCLE FUND	43,080	0	For
ETF Series Solutions	42,914	0	For
Invesco	40,901	0	For
AllianceBernstein	36,170	0	For
BRIDGEWAY FUNDS INC	32,200	0	For
BNY Mellon	30,450	0	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

3. Elect Director: Gary Kreitzer

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%

FOR: 16,264,678WITHHELD: 1,489,816

Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: Election of directors, each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified: Gary Kreitzer

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“Elect Director: Gary Kreitzer”): 16,264,678 for, 1,489,816 withheld, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 83 asset managers below reported 10,207,268 for, 355,357 withheld, 3 abstained.

FOR

FOR: 10,207,268ABSTAIN: 3WITHHOLD: 355,357

Largest asset managers voting on “Election of directors, each to serve until the next annual meeting of stockholders and until their successors ” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Vanguard	4,443,658	3	1,537	For
BlackRock	3,242,509	0	0	For
State Street	481,873	0	0	For
Charles Schwab	449,509	0	0	For
Pacer Funds Trust	187,795	0	0	For
WisdomTree	164,923	0	0	For
Dimensional	0	0	143,271	Withhold
Thrivent	122,193	0	0	For
TIAA	0	0	102,014	Withhold
Northern Trust	91,503	0	0	For
Equitable	44,884	0	30,882	Mixed
First Trust	71,282	0	0	For
Columbia Threadneedle	64,019	0	0	For
Lincoln Financial	58,729	0	0	For
Jackson National	56,808	0	0	For
JPMorgan	50,267	0	0	For
Bridge Builder Trust	48,784	0	0	For
QUANTITATIVE MASTER SERIES LLC	48,120	0	0	For
Empower	47,587	0	0	For
ADVISORS' INNER CIRCLE FUND	43,080	0	0	For
ETF Series Solutions	42,914	0	0	For
Invesco	40,901	0	0	For
AllianceBernstein	0	0	36,170	Withhold
BRIDGEWAY FUNDS INC	32,200	0	0	For
BNY Mellon	30,450	0	0	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

4. Elect Director: Paul Smithers

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%

FOR: 17,435,024WITHHELD: 319,470

Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: Election of directors, each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified: Paul Smithers

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“Elect Director: Paul Smithers”): 17,435,024 for, 319,470 withheld, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 83 asset managers below reported 10,524,271 for, 38,356 withheld, 1 abstained.

FOR

FOR: 10,524,271ABSTAIN: 1WITHHOLD: 38,356

Largest asset managers voting on “Election of directors, each to serve until the next annual meeting of stockholders and until their successors ” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Vanguard	4,445,197	1	0	For
BlackRock	3,242,509	0	0	For
State Street	481,858	0	15	For
Charles Schwab	449,509	0	0	For
Pacer Funds Trust	187,795	0	0	For
WisdomTree	164,923	0	0	For
Dimensional	143,271	0	0	For
Thrivent	122,193	0	0	For
TIAA	102,014	0	0	For
Northern Trust	91,503	0	0	For
Equitable	75,766	0	0	For
First Trust	71,282	0	0	For
Columbia Threadneedle	64,019	0	0	For
Lincoln Financial	58,729	0	0	For
Jackson National	56,808	0	0	For
JPMorgan	50,267	0	0	For
Bridge Builder Trust	48,784	0	0	For
QUANTITATIVE MASTER SERIES LLC	48,120	0	0	For
Empower	47,587	0	0	For
ADVISORS' INNER CIRCLE FUND	43,080	0	0	For
ETF Series Solutions	42,914	0	0	For
Invesco	40,901	0	0	For
AllianceBernstein	36,170	0	0	For
BRIDGEWAY FUNDS INC	32,200	0	0	For
BNY Mellon	30,450	0	0	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

5. Elect Director: Scott Shoemaker

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

Combines 3 wordings of this item as funds reported it.

81% Majority: yes · of votes cast

FOR 81%WITHHELD

FOR: 14,335,592WITHHELD: 3,418,902

Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: Election of directors, each to serve until the next annual meeting of stockholders and until their successors are duly elected and qualified: Scott Shoemaker

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“Elect Director: Scott Shoemaker”): 14,335,592 for, 3,418,902 withheld, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 81% of votes cast — FOR ÷ (FOR + WITHHELD); abstentions and broker non-votes are excluded.

The 83 asset managers below reported 9,525,967 for, 1,036,654 withheld, 7 abstained.

FOR

FOR: 9,525,967ABSTAIN: 7WITHHOLD: 1,036,654

Largest asset managers voting on “Election of directors, each to serve until the next annual meeting of stockholders and until their successors ” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Abstain	Withheld	Vote
Vanguard	4,443,654	7	1,537	For
BlackRock	3,242,509	0	0	For
State Street	1,343	0	480,530	Withhold
Charles Schwab	449,509	0	0	For
Pacer Funds Trust	187,795	0	0	For
WisdomTree	164,923	0	0	For
Dimensional	0	0	143,271	Withhold
Thrivent	122,193	0	0	For
TIAA	0	0	102,014	Withhold
Northern Trust	91,503	0	0	For
Equitable	44,884	0	30,882	Mixed
First Trust	71,282	0	0	For
Columbia Threadneedle	0	0	64,019	Withhold
Lincoln Financial	17,958	0	40,771	Mixed
Jackson National	56,808	0	0	For
JPMorgan	50,267	0	0	For
Bridge Builder Trust	13,184	0	35,600	Mixed
QUANTITATIVE MASTER SERIES LLC	48,120	0	0	For
Empower	47,587	0	0	For
ADVISORS' INNER CIRCLE FUND	39,780	0	3,300	Mixed
ETF Series Solutions	42,914	0	0	For
Invesco	40,901	0	0	For
AllianceBernstein	0	0	36,170	Withhold
BRIDGEWAY FUNDS INC	32,200	0	0	For
BNY Mellon	30,450	0	0	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

6. 3. Advisory vote on the compensation of the Company's named executive officers

Outcome not verified Fund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 12 wordings of this item as funds reported it.

75% Majority: yes · of votes cast

FOR 75%AGAINST

FOR: 13,167,192AGAINST: 4,496,808

Details: description as filed, official tally, votes by 373 asset managers

Description as filed by funds: Approval on a non-binding advisory basis of the compensation of the Company's named executive officers.

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“3. Advisory vote on the compensation of the Company's named executive officers”): 13,167,192 for, 4,496,808 against, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 75% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

Also reported under other wordings, matched to the same row of INNOVATIVE INDUSTRIAL PROPERTIES INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Compensation” (2 managers, 192 for).

Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).

Fund voting reports: 85 asset managers voting on “Approval on a non-binding advisory basis of the compensation of the Company's named executive officers.” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	4,394,384	50,814	For
BlackRock	3,242,509	0	For
State Street	480,967	906	For
Charles Schwab	449,509	0	For
Pacer Funds Trust	187,795	0	For
WisdomTree	0	164,923	Against
Dimensional	0	143,271	Against
Thrivent	0	122,193	Against
TIAA	0	102,014	Against
Northern Trust	0	91,503	Against
Equitable	44,884	30,882	Mixed
First Trust	0	71,282	Against
Columbia Threadneedle	64,019	0	For
Lincoln Financial	20,700	38,029	Mixed
Jackson National	0	56,808	Against
JPMorgan	50,267	0	For
Bridge Builder Trust	48,784	0	For
QUANTITATIVE MASTER SERIES LLC	48,120	0	For
Empower	0	47,587	Against
ADVISORS' INNER CIRCLE FUND	43,080	0	For
ETF Series Solutions	21,344	21,570	Mixed
Invesco	0	40,901	Against
AllianceBernstein	0	36,170	Against
BRIDGEWAY FUNDS INC	0	32,200	Against
BNY Mellon	0	30,450	Against

Fund voting reports, all 85 managers: 9,218,869 for, 1,345,112 against, 1,220 abstained. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 312 asset managers voting on “Approval on a non-binding advisory basis of the compensation of the Company's named executive officers.” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Against	Vote
State Street	1,346,343	16,603	For
BlackRock	1,119,368	2,921	For
Charles Schwab	456,362	0	For
Northern Trust	0	278,523	Against
Invesco	0	202,885	Against
DE Shaw	0	186,014	Against
MELLON INVESTMENTS Corp	0	174,839	Against
PRINCIPAL GLOBAL INVESTORS	0	155,580	Against
Thrivent	0	130,005	Against
JPMorgan	116,748	0	For
PUBLIC SECTOR PENSION INVESTMENT BOARD	0	112,227	Against
Nuveen	0	103,930	Against
CAMBIAR INVESTORS LLC	96,880	0	For
Vanguard	92,610	2,484	For
Point72	0	85,996	Against
LSV ASSET MANAGEMENT	73,900	0	For
Legal & General Investment Management Ltd	0	71,900	Against
GEODE CAPITAL MANAGEMENT, LLC	71,244	0	For
AllianceBernstein	0	70,633	Against
PARAMETRIC PORTFOLIO ASSOCIATES LLC	0	57,682	Against
US BANK NATIONAL ASSOCIATION	0	56,633	Against
Irish Life Investment Managers Ltd.	0	54,816	Against
SEGALL BRYANT & HAMILL, LLC	0	52,561	Against
NEW YORK STATE TEACHERS RETIREMENT SYSTEM	0	49,798	Against
BNY Mellon	0	49,394	Against

Institutional-manager reports, all 312 managers: 3,744,488 for, 2,882,710 against, 50 abstained, 63 not voted. Showing the 25 largest; see all in the interactive database.

7. 2. Ratification of the appointment of BDO USA, P.C

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

Combines 2 wordings of this item as funds reported it.

99.4% Majority: yes · of votes cast

FOR 99.4%

FOR: 22,119,082AGAINST: 132,186

Details: description as filed, official tally, votes by 83 asset managers

Description as filed by funds: RATIFICATION OF THE APPOINTMENT OF BDO USA, P.C. AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM FOR THE YEAR ENDING DECEMBER 31, 2025.

INNOVATIVE INDUSTRIAL PROPERTIES INC.’s own tally for this item (“2. Ratification of the appointment of BDO USA, P.C”): 22,119,082 for, 132,186 against, per its Form 8-K filed June 11, 2025 (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item.

Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 83 asset managers below reported 10,561,382 for, 26 against, 1,220 abstained.

FOR

FOR: 10,561,382AGAINST: 26ABSTAIN: 1,220

Largest asset managers voting on “RATIFICATION OF THE APPOINTMENT OF BDO USA, P.C. AS THE COMPANY'S INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIR” at INNOVATIVE INDUSTRIAL PROPERTIES INC., 2024-2025
Asset manager	For	Against	Vote
Vanguard	4,445,198	0	For
BlackRock	3,242,509	0	For
State Street	481,847	26	For
Charles Schwab	449,509	0	For
Pacer Funds Trust	187,795	0	For
WisdomTree	164,923	0	For
Dimensional	143,271	0	For
Thrivent	122,193	0	For
TIAA	102,014	0	For
Northern Trust	91,503	0	For
Equitable	75,766	0	For
First Trust	71,282	0	For
Columbia Threadneedle	64,019	0	For
Lincoln Financial	58,729	0	For
Jackson National	56,808	0	For
JPMorgan	50,267	0	For
Bridge Builder Trust	48,784	0	For
QUANTITATIVE MASTER SERIES LLC	48,120	0	For
Empower	47,587	0	For
ADVISORS' INNER CIRCLE FUND	43,080	0	For
ETF Series Solutions	42,914	0	For
Invesco	40,901	0	For
AllianceBernstein	36,170	0	For
BRIDGEWAY FUNDS INC	32,200	0	For
BNY Mellon	30,450	0	For

Showing the 25 largest of 83 asset managers. See all 83 in the interactive database.

Largest INNOVATIVE INDUSTRIAL PROPERTIES INC. shareholders voting in 2024-2025

Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 28,378,181 shares outstanding at the time of that meeting.

Fund voting reports: top INNOVATIVE INDUSTRIAL PROPERTIES INC. shareholders by shares voted on “Approval on a non-binding advisory basis of the compensation of the Company's named executive…”, 2024-2025
#	Asset manager	% of shares outstanding
1	Vanguard	15.66%
2	BlackRock	11.43%
3	State Street	1.70%
4	Charles Schwab	1.58%
5	Pacer Funds Trust	0.66%
6	WisdomTree	0.58%
7	Dimensional	0.50%
8	Thrivent	0.43%
9	TIAA	0.36%
10	Northern Trust	0.32%

Institutional-manager reports: top INNOVATIVE INDUSTRIAL PROPERTIES INC. shareholders by shares voted on “Approval on a non-binding advisory basis of the compensation of the Company's named executive…”, 2024-2025
#	Asset manager	% of shares outstanding
1	State Street	4.80%
2	BlackRock	3.95%
3	Charles Schwab	1.61%
4	Northern Trust	0.98%
5	Invesco	0.71%
6	DE Shaw	0.66%
7	MELLON INVESTMENTS Corp	0.62%
8	PRINCIPAL GLOBAL INVESTORS	0.55%
9	Thrivent	0.46%
10	JPMorgan	0.41%

Reported INNOVATIVE INDUSTRIAL PROPERTIES INC. holdings and ownership

As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.

INNOVATIVE INDUSTRIAL PROPERTIES INC. holdings and ownership disclosed for the 2024-2025 proxy season
Holder	% outstanding	Disclosure
BlackRock	17.26%	13F
Vanguard Group	15.75%	13F
Vanguard Portfolio Management	9.65%	13G
State Street Corporation	6.32%	DEF14A
Morgan Stanley	1.79%	13F
Charles Schwab	1.63%	13F
Northern Trust	1.52%	13F
BNY Mellon	1.33%	13F
Alan Gold	1.23%	DEF14A
Dimensional Fund Advisors	1.22%	13F

Percentages above are of 28,378,181 shares outstanding, as reported by INNOVATIVE INDUSTRIAL PROPERTIES INC. on its Form 10-Q dated March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

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Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from INNOVATIVE INDUSTRIAL PROPERTIES INC.’s 10-Q dated March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.

At INNOVATIVE INDUSTRIAL PROPERTIES INC.'s shareholder meeting held June 11, 2025, in the 2024-2025 proxy season, 377 asset managers reported how they voted on 7 ballot items in their SEC Form N-PX filings, covering 2,267 separate fund positions. On the most widely held item on that ballot — Approval on a non-binding advisory basis of the compensation of the Company's named executive… — FOR was 75% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: INNOVATIVE INDUSTRIAL PROPERTIES INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission on June 11, 2025.

INNOVATIVE INDUSTRIAL PROPERTIES INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.

Download data (CSV): ballot items · votes by manager · column guide.