Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Q4 2019 Earnings Presentation
10 slides from Innovative Industrial Properties's earnings presentation, Mar 9, 2020
Slide 1: Innovative Industrial Properties
INNOVATIVE INDUSTRIAL PROPERTIES The Leading Provider Of Real Estate Capital For The Medical-Use Cannabis Industry NYSE: IIPR www.innovativeindustrialproperties.com Posted March 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: 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 AL AN G O L D, EXEC U T IVE PAU L SM IT H ER S, PR ESID EN T &
Slide 4: The Company
The Company F O C U S E D S T R AT E G Y E X P E R I E N C ED MA N A G E ME N T T E A M • Medical cannabis approved licensees • Strong, specialized real estate underwriters with over $10 • Locations in states with robust medical cannabis approved billion in acquisition and development transaction va
Slide 5: 51 Properties
51 Properties ~15.6 years 3.2 million weighted avg. rentable square lease length (5) feet (1) 98.9% Leased (4) $680.7 Million 13.3% average Total Committed/ yield on Invested Invested Capital (2) Capital (3) Portfolio Statistics as of March 3, 2020. Calculations reflect 35,000 square feet as “not le
Slide 6: Financial Statistics
Financial Statistics Innovative Industrial Properties Financial Statistics Capital raised (net proceeds), including equity and exchangeable notes as of 2/26/20(1) $1.01 billion Capital committed/invested as of 2/26/20(2) $680.7 million Current yield on invested capital as of 2/26/20(3) 13.3% Debt to
Slide 7: Top 10 Tenants
Top 10 Tenants By Total Investment 7
Slide 8: Medical Cannabis Industry
Medical Cannabis Industry R A P I D LY G R O W IN G I N D U S T RY • U.S. regulated cannabis sales grew to $10 billion in 2018, including $3.8 billion of medical-use cannabis sales, and are expected to reach $30.4 billion by 2023(1) • As of January 2020, legal cannabis now supports 243,700 full time
Slide 9: Highlights
F O C U S ED S T R AT E GY EXPERIENCED MA N A G E ME NT HIGHLIGHTS TEAM C O N S E RVATI VE LY LE V E R A G E D B A LA N C E S H E E T STRONG & G R O W I NG I N D U S T RY 9
Slide 10: Slide 10
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