Generation Income Properties Inc. · NASDAQ:GIPR
Generation Income Properties — Investor Presentation (March 2023)
16 slides from Generation Income Properties's investor presentation, Mar 27, 2023
Slide 1: Generation Income Properties Investor Presentation March 2023
GENERATION INCOME PROPERTIES NASDAQ: GIPR INVESTOR PRESENTATION March 2023 *All information as of 12/31/2022 unless stated otherwise Real Estate Investments for Generations
Slide 2: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS This presentation may contain forward-looking statements and information relating to, among other things, Generation Income Properties, Inc. (“the company”), its business plan and strategy, its properties and assets, and its industry. These forward-looking statements are
Slide 3: Portfolio at a glance: 100% occupied, 13 properties
100% Occupied* 93% Assets w/ Contractual Bumps(1) 64% Investment Grade Tenants* GIPR Nasdaq 5.3 years Weighted Average Remaining Lease Term $61M Gross Asset Value eneration ncome roperties EIT G I P R 13 Properties 338K Square Feet 5.8X Rent Coverage | 3 100% Base Rent Collections As of 12/31/2022 *
Slide 4: Investment Thesis
INVESTMENT THESIS DISCIPLINED UNDERWRITING Focused on high quality real estate, tenant credit, site-specific performance and geographic attributes. 3 OPPORTUNISTIC LEASE TERMS & CONSISTENT OCCUPANCY Acquiring assets with less than 10 years remaining on lease term in higher density markets with a hig
Slide 5: Company & Investment Highlights
Consistent Portfolio COMPANY & INVESTMENT HIGHLIGHTS Investment Grade Tenancy(1)* 64% 100% Occupancy* 93% GIPR Ticker Symbol (NASDAQ) Properties with Contractual Bumps (1) $1.7MM Q1 2022 Q4 2021 Q3 2021 Q2 2021 Growing Investment Platform Q1 2021 $1.7MM $4.5MM $4.7MM $12.6MM Acquisitions Volume Q1 2
Slide 6: Disciplined Underwriting
DISCIPLINED UNDERWRITING | 6 Over $1 Billion assets reviewed in 2022 with a disciplined approach to submitting offers in order to ensure all assets pursued will have a higher success of increasing shareholder value with unanimous consent from management prior to term sheets being submitted. Market D
Slide 7: Disciplined Underwriting: Tenant Credit
84.6% is our primary focus, providing stable revenue and long-term growth through changing market dynamics | 7 DISCIPLINED UNDERWRITING: TENANT CREDIT No meaningful corporate debt leading to no credit rating 64% BBB- and above on the S&P scale 8% 28% Rated one level below IG, BB+ on S&P Scale 72% To
Slide 8: Opportunistic Lease Terms & Consistent Occupancy
OPPORTUNISTIC LEASE TERMS & CONSISTENT OCCUPANCY 9.5 8.8 7.6 7 5.3 NTST ADC PINE GOOD GIPR GIPR’s Opportunistic Lease Terms Create Greater Flexibility & Potential Higher Rental Rate Increases (in years) Low weighted average remaining lease term allows for asset appreciation and internal growth throu
Slide 9: Active Management
ACTIVE MANAGEMENT | 9 DISCIPLINED ACQUISITIONS RELATIONSHIP FOCUSED Asset Management assists in underwriting of assets to enhance property knowledge from the outset. Strong relationships formed with each tenant at the property level to better understand site specific performance creating partnership
Slide 10: Property portfolio by state and tenant
Virginia GSA of USA (AA+) & Maersk* (BBB) PRA Holdings (BB+) Office 106,996 RSF $2,067,647 31.6% of Total ABR Washington DC 7-Eleven (A) Retail 3,000 RSF $129,804 ABR 0.89% of Total ABR Florida Starbucks (BBB+) Starbucks (BBB+) Sherwin-Williams (BBB) Irby Construction (BBB-) Retail 8,342 RSF Office
Slide 11: Financial Overview: Lease Term vs Debt Maturity
FINANCIAL OVERVIEW | 11 LEASE TERM VS DEBT MATURITY Lease Date Debt Maturity Date 7- Eleven Starbucks Pratt & Whitney GSA Navy Maersk PRA Holdings, Inc. Sherwin Williams GSA - FBI Irby / Quanta Services Best Buy Fresenius Starbucks Kohl’s La-Z-Boy
Slide 12: Management Team
04 02 MANAGEMENT TEAM DAVID SOBELMAN Chief Executive Officer & Chairman of the Board 19+ years of experience in net lease real estate Oversees strategy and long-term vision for GIPR EMILY CUSMANO Chief of Staff 12+ years of experience in net lease real estate Oversees organizational strategies and a
Slide 13: Board of Directors
STUART EISENBERG Audit Committee Chair 04 02 BENJAMIN ADAMS Compensation Committee Chair Founder and CEO of Ten Capital Management ($616 million GAV) 20+ years in business, government, and law EUGENIA CHENG Independent Director Managing Director of Prospect Avenue Partners 20+ years in the real esta
Slide 14: Environmental Social Corporate Governance
ENVIRONMENTAL SOCIAL CORPORATE GOVERNANCE Committed Approach From working in a co-working space to using reusable and environmentally friendly products, GIPR is committed to reducing its environmental footprint. Tenant Alignment Focus on tenants who have strong corporate practices in place to recogn
Slide 15: Investor Relations
INVESTOR RELATIONS ir@gipreit.com (813) 448-1234
Slide 16: Exhibit: Reconciliation of Non-GAAP Measures
EXHIBIT: RECONCILIATION OF NON-GAAP MEASURES FFO and Related Measures (unaudited) The following tables reconcile net income (net loss), which we believe is the most comparable GAAP measure, to FFO, Core FFO, AFFO, and Core AFFO: Our reported results are presented in accordance with GAAP. We also dis
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