Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (November 2020)
13 slides from Innovative Industrial Properties's investor presentation, Nov 9, 2020
Slide 1: Innovative Industrial Properties Investor Presentation
INNOVATIVE INDUSTRIAL PROPERTIES Investor Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted November 9, 2020 1
Slide 2: Forward-Looking Statements
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 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as
Slide 3: Executive Summary
Executive Summary Innovative Industrial Properties is the Leading Provider of Real Estate Capital for the Medical–Use Cannabis Industry • Founded in 2016, we are the first and only publicly traded company 63 Properties 5.0M Rentable on the New York Stock Exchange (NYSE: IIPR) to provide real estate
Slide 4: Experienced Management Team
Experienced Management Team Alan Gold Pa u l S m i t h e r s Ca t h e r i n e H a s t i n g s B r i a n Wo l f e E xe c u t i v e C h a i r m a n Pre s i d e n t a n d C E O C F O, CAO a n d Tre a s u re r V P, G C a n d S e c re t a r y Co-founder of BioMed Realty 35+ years of legal and regulatory
Slide 5: Our Independent Board Members
Our Independent Board Members G a r y K re i t z e r David Stecher S c o tt S h o e m a ke r, M D M a r y A l l i s C u r ra n Vi c e C h a i r m a n D i re c t o r D i re c t o r D i re c t o r Co-founder of BioMed Realty Managing Director at CapAcuity Practicing orthopedic surgeon Former senior ex
Slide 6: Portfolio Overview
Portfolio Overview $1.18B Committed/Invested Capital(1) 63 Properties 16 States 5.0M Sq. Ft.(2) 99.3% Leased(3) 16.1 Yrs. WALL(4) State Diversification (5) Illinois 17.2% Pennsylvania 16.0% Massachusetts 14.0% Michigan 13.1% Florida 9.8% California 7.4% Ohio 5.8% New Jersey 4.1% New York 3.1% Other
Slide 7: Select Properties
Select Properties Location: Capitol Heights, MD Location: North Palm Springs, CA Location: Willcox, AZ Size: 72,000 Sq. Ft. Size: 70,000 Sq. Ft. Size: 358,000 Sq. Ft. Use: Cultivation and Processing Use: Cultivation, Manufacturing and Distribution Use: Cultivation and Processing Location: Barry, IL
Slide 8: Financial Statistics
Financial Statistics Innovative Industrial Properties Financial Statistics Capital raised (net proceeds), including equity and exchangeable notes $1.43 billion Capital committed/invested(1) $1.18 billion Annualized Q3 2020 rental revenue(2) $126.1 million Debt to total gross assets(3) 9.4% Annualize
Slide 9: Financial Performance
Financial Performance Year Over Year Net Income, FFO and AFFO $80,000 Net Income (1) FFO (2) $70,000 AFFO (2) $60,000 $50,000 $40,000 $30,000 $20,000 $10,000 $0 2017 2018 2019 9 Mos. ended 9/30/20 Note: Dollars in Thousands 9 As of September 30, 2020 (1) Net Income is net income attributable to comm
Slide 10: Market Returns
Market Returns Total Stockholder Returns 800% 700% 600% 500% 400% 300% 200% 100% 0% -100% 10 Note: Data from December 1, 2016 (the date that our common stock first began trading on the NYSE) through November 6, 2020 showing cumulative total shareholder return, calculated on a dividend reinvested bas
Slide 11: Common Dividend History
Common Dividend History Dividends Declared Per Common Share $1.40 $1.20 $1.17 $1.06 $1.00 $1.00 $1.00 $0.80 $0.78 $0.60 $0.60 $0.45 $0.40 $0.35 $0.35 $0.25 $0.25 $0.25 $0.20 $0.15 $0.15 $0.00 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Q3 2
Slide 12: Medical Cannabis Industry
Medical Cannabis Industry RA P I D LY GR OW I NG I N D USTRY • U.S. regulated cannabis sales grew to an estimated $12.4 billion in 2019 an increase of 37% over 2018’s total of $9.1 billion and are expected to approach $34 billion by 2025.(1) • In 2020 the U.S. cannabis industry is estimated to emplo
Slide 13: Proven Strategy, Experienced Management Team, Strong Balance Sheet
P R O V E N ST R AT E GY EXPERIENCED M A N AG E M E N T TEAM ST R O N G BALANCE SHEET GROWING I N D U ST R Y C O N S I ST E N T EXECUTION 13
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