Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — FY2018 Earnings Presentation
11 slides from Innovative Industrial Properties's earnings presentation, Mar 14, 2019
Slide 1: Innovative Industrial Properties
INNOVATIVE INDUS TRIAL P ROP ERTIES Le a d in g P ro vid e r O f R e a l E s ta te C a p ita l F o r Th e Me d ic a l-Us e C a n n a b is In d u s try NYS E : IIP R www. in n o va tive in d u s tria lp ro p e rtie s . c o m P o s te d o n Ma y 2 3 , 2 0 1 9
Slide 2: Notice to Investors & Forward-Looking Statements
Notice to Investors & 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 E
Slide 3: The Team
The Team The Innova tive Indus tria l P rope rtie s te a m ha s the prove n e xpe rie nce a nd tra ck re cord in a ll a s pe cts of re a l e s ta te - including a cquis itions , ma na ge me nt, de ve lopme nt a nd fina ncing, to ca pita lize on this ra pidly e xpa nding indus try ALAN GOLD, EXECUTIV
Slide 4: The Company
The Company FOCUSED STRATEGY EXPERIENCED MANAGEMENT TEAM • 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 value(2) programs (33 states plus
Slide 5: The Portfolio
The Portfolio Innovative Industrial Properties Portfolio Statistics (as of 5/20/19) Properties 21 Rentable Square Feet(1) 1,558,000 Arizona, California (6), Colorado, Illinois, Maryland, States Massachusetts (2), Michigan, Minnesota, New York (2), Ohio (2) and Pennsylvania (3) Total Invested Capital
Slide 6: Tenant Roster
Tenant Roster (iP) VIFeCO THE (GREEN) ” SOLUTION | PHARMACANN |
Slide 7: The Portfolio – Tenant Roster
The Portfolio – Tenant Roster Tenant Amount Invested(1) Comments PharmaCann $68.5 million Vertically integrated, multi-state operator Confidential $27.1 million Southern California Portfolio Ascend Wellness $25.0 million Vertically integrated, multi-state operator Vireo Health $25.6 million Vertical
Slide 8: Financial Statistics
Financial Statistics Innovative Industrial Properties Financial Statistics Annualized base rent, including property management fees as of 5/20/19(1) $38.0 million Capital raised (net proceeds), including equity and exchangeable notes $407 million Capital committed/invested(2) $258.8 million Current
Slide 9: Medical Cannabis Industry
Medical Cannabis Industry RAPIDLY GROWING INDUSTRY • U.S. regulated cannabis sales grew to $8.6 billion in 2017, including $5.9 billion of medical -use cannabis sales, and are expect ed to reach $22.2 billion by 2022(1) LARGE MARKET & SUPPORT • 33 U.S. states, where over 200 million Americans live,
Slide 10: Highlights
FOCUSED STRATEGY EXPERIENCED MANAGEMENT HIGHLIGHTS TEAM CONSERVATIVELY LEVERAGED BALANCE SHEET STRONG & GROWING INDUSTRY
Slide 11: Slide 11
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