Trend Table for IIPR - Innovative Industrial Properties, Inc.

Current Trend Strength: Strong

Date	Grade	ADX	Long Term	Intermediate Term	Short Term	% Chg
May 20	B	Strong	Up	Up	Up	-2.03%
May 17	B	Strong	Up	Up	Up	-2.97%
May 16	B	Strong	Up	Up	Up	-2.77%
May 15	B	Strong	Up	Up	Up	-2.21%
May 14	B	Weak or Absent	Up	Up	Up	0.30%
May 13	C	Weak or Absent	Up	Up	Down	4.98%
May 10	C	Strong	Up	Up	Down	5.86%
May 9	C	Strong	Up	Up	Flat	5.48%
May 8	B	Strong	Up	Up	Up	2.65%
May 7	B	Strong	Up	Up	Up	1.01%