Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (August 2020)
14 slides from Innovative Industrial Properties's investor presentation, Aug 12, 2020
Slide 1: Investor Presentation
INNOVATIVE INDUSTRIAL PROPERTIES Investor Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted August 12, 2020 1
Slide 2: Forward-Looking Statements
Forward - Looking Statements 2 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 19
Slide 3: Executive Summary
Executive Summary 3 • Founded in 2016, we are the first and only publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the medical - use cannabis industry. • We target specialized industrial real estate assets for the regulated medical - use cannabis i
Slide 4: Our Team
Our Team 4 Alan Gold Executive Chairman Co - founder of BioMed Realty (formerly NYSE: BMR) and Alexandria Real Estate (NYSE: ARE) Paul Smithers President and CEO 35+ years of legal and regulatory experience and previously co - founded Iso Nano International, LLC Catherine Hastings CFO, CAO and Treas
Slide 5: Our Independent Board Members
Our Independent Board Members 5 Gary Kreitzer Vice Chairman Co - founder of BioMed Realty (formerly NYSE: BMR) and Alexandria Real Estate (NYSE: ARE) 35+ years of commercial real estate and public company REIT experience Mary Allis Curran Director Former senior executive at MUFG Union Bank, current
Slide 6: Portfolio Overview
Portfolio Overview 6 61 Properties 16 States 4.5M Sq. Ft. (2) State Diversification (5) $1.06B Committed/Invested Capital (1) 99.2% Leased (3) 16.1 Yrs. WALL (4) Illinois 17.6% Pennsylvania 17.5% Massachusetts 15.7% Michigan 12.4% California 8.3% Florida 5.7% New Jersey 4.6% Ohio 4.2% New York 3.5%
Slide 7: Select Properties
Select Properties 7 Location: Capitol Heights, MD Size: 72,000 Sq. Ft. Use: Cultivation and Processing Location: Barry, IL Size: 75,000 Sq. Ft. Use: Cultivation and Processing Location: Hamptonburgh, NY Size: 127,000 Sq. Ft. Use: Cultivation and Processing Location: Harrison Township, MI Size: 45,00
Slide 8: Innovative Industrial Properties Financial Statistics
Innovative Industrial Properties Financial Statistics Capital raised (net proceeds), including equity and exchangeable notes (1) $1.38 billion Capital committed/invested (2) $1.06 billion Annualized Q2 2020 total revenue (3) $97.38 million Debt to total gross assets (4) 12.0% Annualized Q2 2020 comm
Slide 9: Financial Performance
Financial Performance 9 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 Q1 2017 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 G&A (1) AFFO (2) Total Revenue Note : Dollars in Thousands (1) G&A reflects “general and administrative expense” i
Slide 10: Market Total Stockholder Returns
Market 10 Total Stockholder Returns -100% 0% 100% 200% 300% 400% 500% 600% IIPR S&P500 NAREIT Note : Data from December 1 , 2016 (the date that our common stock first began trading on the NYSE) through August 6 , 2020 showing cumulative total shareholder return, calculated on a dividend reinvested b
Slide 11: Common Stock Dividend History
Common Stock Dividend History 11 $0.15 $0.15 $0.25 $0.25 $0.25 $0.35 $0.35 $0.45 $0.60 $0.78 $1.00 $1.00 $1.06 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 Q2 2017 Q3 2017 Q4 2017 Q1 2018 Q2 2018 Q3 2018 Q4 2018 Q1 2019 Q2 2019 Q3 2019 Q4 2019 Q1 2020 Q2 2020 Dividends Declared Per Common Share Note :
Slide 12: Medical Cannabis Industry
12 Medical Cannabis Industry WIDE VARIETY OF QUALIFIED MEDICAL CONDITIONS LARGE MARKET & SUPPORT RAPIDLY GROWING INDUSTRY • Including cancer, HIV/AIDs, pain, nausea, seizures, muscle spasms, multiple sclerosis, post - traumatic stress disorder, migraines , arthritis, Parkinson's disease, Alzheimer's
Slide 13: Key Takeaways
13 Key Takeaways FOCUSED STRATEGY CONSERVATIVELY LEVERAGED BALANCE SHEET EXPERIENCED MANAGEMENT TEAM STRONG & GROWING INDUSTRY
Slide 14: Innovative Industrial Properties
INNOVATIVE Industrial Properties
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