Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (November 2020)
13 slides from Innovative Industrial Properties's investor presentation, Nov 10, 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 2 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 19
Slide 3: Executive Summary
Executive Summary 3 • Founded in 2016, we are the first and only publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the medical - use cannabis industry. • We are focused on industrial real estate assets for the regulated medical - use cannabis indus
Slide 4: Experienced Management Team
Experienced Management Team 4 Alan Gold Executive Chairman Co - founder of BioMed Realty (formerly NYSE: BMR), Alexandria Real Estate (NYSE: ARE) and Executive Chairman of IQHQ Paul Smithers President and CEO 35+ years of legal and regulatory experience and previously co - founded Iso Nano Internati
Slide 5: Our Independent Board Members
Our Independent Board Members 5 Gary Kreitzer Vice Chairman Co - founder of BioMed Realty (formerly NYSE: BMR) and Alexandria Real Estate (NYSE: ARE) 35+ years of commercial real estate and public company REIT experience Mary Allis Curran Director Former senior executive at MUFG Union Bank, current
Slide 6: Portfolio Overview
Portfolio Overview 6 63 Properties 16 States 5.0M Sq. Ft. (2) State Diversification (5) $1.18B Committed/Invested Capital (1) 99.3% Leased (3) 16.1 Yrs. WALL (4) 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%
Slide 7: Select Properties
Select Properties 7 Location: Capitol Heights, MD Size: 72,000 Sq. Ft. Use: Cultivation and Processing Location: Barry, IL Size: 75,000 Sq. Ft. Use: Cultivation and Processing Location: Hamptonburgh, NY Size: 127,000 Sq. Ft. Use: Cultivation and Processing Location: Harrison Township, MI Size: 45,00
Slide 8: 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% Annualized Q3 2020 common s
Slide 9: Financial Performance
Financial Performance 9 $0 $10,000 $20,000 $30,000 $40,000 $50,000 $60,000 $70,000 $80,000 2017 2018 2019 9 Mos. ended 9/30/20 Net Income (1) FFO (2) AFFO (2) Note : Dollars in Thousands As of September 30 , 2020 (1) Net Income is net income attributable to common stockholders . (2) See our earnings
Slide 10: Market Returns: Total Stockholder Returns
Market Returns 10 Total Stockholder Returns -100% 0% 100% 200% 300% 400% 500% 600% 700% 800% 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
Slide 11: Common Dividend History
Common Dividend History 11 $0.15 $0.15 $0.25 $0.25 $0.25 $0.35 $0.35 $0.45 $0.60 $0.78 $1.00 $1.00 $1.06 $1.17 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 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 2020 Dividends Declared Per Common
Slide 12: Medical Cannabis Industry
12 Medical Cannabis Industry WIDE VARIETY OF QUALIFIED MEDICAL CONDITIONS LARGE MARKET & SUPPORT RAPIDLY GROWING INDUSTRY • Including cancer, HIV/AIDs, pain, nausea, seizures, muscle spasms, multiple sclerosis, post - traumatic stress disorder, migraines , arthritis, Parkinson's disease, Alzheimer's
Slide 13: Proven Strategy, Strong Balance Sheet, Experienced Team
13 PROVEN STRATEGY STRONG BALANCE SHEET EXPERIENCED MANAGEMENT TEAM GROWING INDUSTRY CONSISTENT EXECUTION
Innovative Industrial Properties — Investor Presentation (November 2020) on 6ix