Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (January 2020)
10 slides from Innovative Industrial Properties's investor presentation, Jan 14, 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 January 14, 2020 1
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation includes "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 amended) that are subject
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: 46 Properties
46 Properties ~15.4 years 3.0 million weighted avg. rentable square lease length (5) feet (1) 98.8% Leased (4) $617.0 Million 13.3% average Total Committed/ yield on Invested Invested Capital (2) Capital (3) Portfolio Statistics as of January 10, 2020. Calculations reflect 35,000 square feet as “not
Slide 6: Financial Statistics
Financial Statistics Innovative Industrial Properties Financial Statistics Capital raised (net proceeds), including equity and exchangeable notes as of 11/7/19 $634 million Capital committed/invested as of 1/10/20(1) $617.0 million Current yield on invested capital as of 1/10/20(2) 13.3% Debt to tot
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) L A R G E MA R K E T & S U P P O R T • 33 U.S. states, where over 2
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
Innovative Industrial Properties — Investor Presentation (January 2020) on 6ix