Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (May 2021)
13 slides from Innovative Industrial Properties's investor presentation, May 10, 2021
Slide 1: Innovative Industrial Properties Investor Presentation
INNOVATIVE INDUSTRIAL PROPERTIES Investor Presentation NYSE: IIPR www.innovativeindustrialproperties.com Posted May 10, 2021 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 publicly traded company on the New York Stock Exchange (NYSE: IIPR) to provide real estate capital to the medical - use cannabis industry. • We are focused on industrial real estate assets for the regulated medical - use cannabis industry. Our
Slide 4: Experienced Management Team
Experienced Management Team 4 Alan Gold Executive Chairman Co - founder of BioMed Realty (formerly NYSE: BMR), Alexandria Real Estate (NYSE: ARE) and Executive Chairman of IQHQ Paul Smithers President and CEO 35+ years of legal and regulatory experience and previously co - founded Iso Nano Internati
Slide 5: Our Independent Board Members
Our Independent Board Members 5 Gary Kreitzer Vice Chairman Co - founder of BioMed Realty (formerly NYSE: BMR), Alexandria Real Estate (NYSE: ARE) and board member of IQHQ 35+ years of commercial real estate and public company REIT experience Mary Allis Curran Director Former senior executive at MUF
Slide 6: Portfolio Overview
Portfolio Overview 6 69 Properties 18 States 6.2M Sq. Ft. (2) State Diversification (5) $1.5B Committed/Invested Capital (1) 100% Leased (3) 16.7 Yrs. WALL (4) Pennsylvania 14.9% Illinois 13.6% California 13.4% Michigan 12.8% Massachusetts 12.3% Florida 10.1% New York 4.7% Ohio 4.6% New Jersey 3.3%
Slide 7: Select Properties
Select Properties 7 Location: Capitol Heights, MD Size: 72,000 Sq. Ft. Use: Cultivation and Processing Location: Barry, IL Size: 165,000 Sq. Ft. Use: Cultivation and Processing Location: Hamptonburgh, NY Size: 167,000 Sq. Ft. Use: Cultivation and Processing Location: Harrison Township, MI Size: 45,0
Slide 8: Innovative Industrial Properties Financial Statistics
Innovative Industrial Properties Financial Statistics Capital raised (net proceeds), including equity and exchangeable notes $1.7 billion Capital committed/invested (1) $1.5 billion Annualized Q1 2021 rental revenue (2) $171.5 million Debt to total gross assets (3) 7.8% Annualized Q1 2021 common sto
Slide 9: Financial Performance
Financial Performance 9 $5,633 $22,123 $64,378 $102,356 $520 $8,262 $30,722 $92,403 $145,204 $2,352 $9,727 $34,895 $97,773 $153,608 $0 $20,000 $40,000 $60,000 $80,000 $100,000 $120,000 $140,000 $160,000 $180,000 2017 2018 2019 2020 Annualized Q1 2021 (3) Net Income (Loss) (1) FFO (2) AFFO (2) ($395)
Slide 10: Market Returns: Total Stockholder Returns
Market Returns 10 Total Stockholder Returns -100% 100% 300% 500% 700% 900% 1100% Note : Data from December 1 , 2016 (the date that our common stock first began trading on the NYSE) through April 28 , 2021 showing cumulative total shareholder return, calculated on a dividend reinvested basis, for Inn
Slide 11: Common Dividend History
Common 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 $1.17 $1.24 $1.32 $0.00 $0.20 $0.40 $0.60 $0.80 $1.00 $1.20 $1.40 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 Q3 2020 Q4 2020 Q1 2021 D
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: Proven Strategy, Strong Balance Sheet, Experienced Management Team
13 PROVEN STRATEGY STRONG BALANCE SHEET EXPERIENCED MANAGEMENT TEAM GROWING INDUSTRY CONSISTENT EXECUTION
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