Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (January 2019)
13 slides from Innovative Industrial Properties's investor presentation, Jan 22, 2019
Slide 1: Leading Provider of Real Estate Capital for the Medical-Use Cannabis Industry
NYSE: IIPR and IIPR Pr A www. innovativeindustrialproperties .com LEADING PROVIDER OF REAL ESTATE CAPITAL FOR THE MEDICAL - USE CANNABIS INDUSTRY 1 As of January 22, 2019
Slide 2: Notice to Investors and Forward-Looking Statements
Notice to Investors and Forward - Looking Statements This presentation and our associated comments include "forward - looking statements" (within the meaning of the Private Securities Litigation Reform Act of 1995 , Section 27 A of the Securities Act of 1933 , as amended, and Section 21 E of the Sec
Slide 3: The Company
The Company 3 » Focused Strategy: x Medical cannabis approved licensees x Locations in states with robust medical cannabis approved programs (33 states plus D.C.) x Acquisition of existing, redeveloped and under development industrial buildings including attached enclosed greenhouse facilities. Acqu
Slide 4: The Medical Cannabis Industry
The Medical Cannabis Industry 4 (1) Source: ArcView Market Research (2) Source: Marijuana Policy Project (3) Source: 2017 poll by Quinnipiac University (4) From medical - use cannabis regulations and disclosures on applicable state government websites. » Rapidly growing industry with significant dem
Slide 5: The Team
The Team The Innovative Industrial Properties team has the proven experience and track record in all aspects of real estate - including acquisitions, management, development and financing, to capitalize on this rapidly expanding industry 5 Alan Gold, Executive Chairman Co - founder of BioMed Realty
Slide 6: The Portfolio
The Portfolio 6 Innovative Industrial Properties Portfolio Statistics (as of 12/21/18) Properties 11 Rentable Square Feet (1) 1,027,000 States Arizona, Colorado, Illinois, Maryland, Massachusetts (2), Michigan, Minnesota, New York (2), and Pennsylvania Total Invested Capital (2) $167.4 Million Avera
Slide 7: The Portfolio – Tenant Roster
The Portfolio – Tenant Roster 7
Slide 8: The Portfolio – Tenant Roster
The Portfolio – Tenant Roster 8 Tenant Amount Invested (1) Comments PharmaCann $48.5 million Vertically integrated, multi - state operator Signed definitive agreement to merge with MedMen Ascend Wellness $25.0 million Vertically integrated, multi - state operator Active in Illinois, Massachusetts, M
Slide 9: Per Square Foot Comparison
Per Square Foot Comparison 9 (1) Includes committed amounts to reimburse tenants for future construction costs and tenant improvements, excluding transaction costs Project Total Investment (1) Rentable Sq. Ft. Purchase Price Per Sq. Ft. Comments Ascend Wellness (IL) $25.0 million 75,000 $333 Enhance
Slide 10: Per Square Foot Comparison (continued)
Per Square Foot Comparison (continued) 10 Project Total Investment (1) Rentable Sq. Ft. Purchase Price Per Sq. Ft. Comments The Green Solution (CO) $11.3 million 58,000 $194 Rehab of existing facility Vireo (NY) $6.4 million 40,000 $160 Rehab of existing facility Highly efficient operation Vireo (MN
Slide 11: Financial Statistics
Financial Statistics 11 Innovative Industrial Properties Financial Statistics Current base rent and property management fees as of 12/21/18 (1) $25.6 million annually Equity capital raised (net proceeds) $268.4 million Capital committed/invested (2) $167.4 million Current yield on invested capital a
Slide 12: The Highlights
The Highlights 12 » Focused Strategy » Experienced Management Team » Unlevered Balance Sheet » Strong and growing industry
Slide 13: Innovative Industrial Properties
INNOVATIVE Industrial Properties
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