Generation Income Properties Inc. · NASDAQ:GIPR
Generation Income Properties — Investor Presentation (May 2022)
17 slides from Generation Income Properties's investor presentation, May 12, 2022
Slide 1: Generation Income Properties Investor Presentation April 2022
GENERATION INCOME PROPERTIES NASDAQ: GIPR INVESTOR PRESENTATION April 2022 *All information as of 03/31/2022 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: Table of Contents
13 Properties TABLE OF CONTENTS 4 5 6 7 8 9 10 11 12 13 15 GIPR OVERVIEW INVESTMENT THESIS COMPANY & INVESTMENT HIGHLIGHTS DISCIPLINED UNDERWRITING DISCIPLINED UNDERWRITING: TENANT CREDIT LEASE TERMS & OCCUPANCY ACTIVE MANAGEMENT PORTFOLIO OVERVIEW FINANCIAL OVERVIEW MANAGEMENT & BOARD ESG | 3
Slide 4: GIPR Overview
100% Occupied 92% Assets w/ Contractual Bumps 92% Investment Grade Tenants* GIPR Nasdaq 6.1 yrs Weighted Average Remaining Lease Term $61M Gross Asset Value 13 Properties 338K Square Feet 5.8X Rent Coverage | 4 100% Rent Collections *Tenant or parent company is investment grade credit or equivalent
Slide 5: 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 6: Company & Investment Highlights
Consistent Portfolio COMPANY & INVESTMENT HIGHLIGHTS Investment Grade Tenancy or equivalent 92% 100% Occupancy 92% GIPR Ticker Symbol (NASDAQ) Properties with contractual bumps $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
Slide 7: Disciplined Underwriting
DISCIPLINED UNDERWRITING | 7 Over $1 Billion assets reviewed in 2021 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 8: Disciplined Underwriting: Tenant Credit
84.6% is our primary focus, providing stable revenue and long-term growth through changing market dynamics | 8 DISCIPLINED UNDERWRITING: TENANT CREDIT No meaningful corporate debt leading to no credit rating 84.6% BBB- and above on the S&P scale 7.7% 7.7% Rated one level below IG, BB+ on S&P Scale 9
Slide 9: Opportunistic Lease Terms & Consistent Occupancy
OPPORTUNISTIC LEASE TERMS & CONSISTENT OCCUPANCY GIPR’s Shorter 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 through rent escalations and lease renewals, and allo
Slide 10: Active Management
ACTIVE MANAGEMENT | 10 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 partnershi
Slide 11: Portfolio Overview
Virginia GSA of USA (AA+) & Maersk (BBB) PRA Holdings (BB+) Office 106,996 RSF $2,012,121 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 7
Slide 12: Financial Overview: Lease Term vs Debt Maturity
FINANCIAL OVERVIEW | 12 LEASE TERM VS DEBT MATURITY Debt Maturity Date Lease Maturity
Slide 13: Management Team
04 02 MANAGEMENT TEAM DAVID SOBELMAN Chief Executive Officer 18+ years of experience in net lease real estate Oversees strategy and long-term vision for GIPR EMILY CUSMANO Chief of Staff 11+ years of experience in net lease real estate Oversees organizational strategies and administrative functions
Slide 14: 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 15: 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 16: Investor Relations
INVESTOR RELATIONS ir@gipreit.com (813) 448-1234
Slide 17: Exhibit: Reconciliation of Non-GAAP Measures
EXHIBIT: RECONCILIATION OF NON-GAAP MEASURES 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 disclose funds from operations (FFO), ad
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