Innovative Industrial Properties, Inc. · NYSE:IIPR
Innovative Industrial Properties — Investor Presentation (January 2019)
13 slides from Innovative Industrial Properties's investor presentation, Jan 22, 2019
Slide 1: Leading Provider of Real Estate Capital for the Medical-Use Cannabis Industry
LEADING PROVIDER OF REAL ESTATE CAPITAL FOR THE MEDICAL-USE CANNABIS INDUSTRY NYSE: IIPR and IIPR Pr A As of January 22, 2019 www.innovativeindustrialproperties.com1
Slide 2: Notice to Investors and Forward-Looking Statements
Notice to Investors and 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
Slide 3: The Company
The Company Focused Strategy: Medical cannabis approved licensees Locations in states with robust medical cannabis approved programs (33 states plus D.C.) Acquisition of existing, redeveloped and under development industrial buildings including attached enclosed greenhouse facilities. Acquis
Slide 4: The Medical Cannabis Industry
The Medical Cannabis Industry Rapidly growing industry with significant demand for cultivation facilities: Large market: North American regulated cannabis sales grew to $9.1 billion in 2017, up 32% from 2016, including $6.7 billion of medical-use cannabis sales, and is expected to reach $28.9 bi
Slide 5: 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 Alan Gold, Executive Chairman Paul Smithers, President and CEO
Slide 6: The Portfolio
The Portfolio Innovative Industrial Properties Portfolio Statistics (as of 12/21/18) Properties 11 Rentable Square Feet(1) 1,027,000 Arizona, Colorado, Illinois, Maryland, Massachusetts States (2), Michigan, Minnesota, New York (2), and Pennsylvania Total Invested Capital(2) $167.4 Million Average Y
Slide 7: The Portfolio – Tenant Roster
The Portfolio – Tenant Roster 7
Slide 8: The Portfolio – Tenant Roster
The Portfolio – Tenant Roster Amount Tenant Comments Invested(1) Vertically integrated, multi-state operator PharmaCann $48.5 million Signed definitive agreement to merge with MedMen Vertically integrated, multi-state operator Ascend Wellness $25.0 million Active in Illinois, Massachusetts, Michigan
Slide 9: Per Square Foot Comparison
Per Square Foot Comparison Variances in construction type (industrial vs. greenhouse), market, building size, location, and other factors may result in significant differences in purchase prices per square foot Total Rentable Purchase Price Project Comments Investment (1) Sq. Ft. Per Sq. Ft. Enhance
Slide 10: Per Square Foot Comparison (continued)
Per Square Foot Comparison (continued) Variances in construction type (industrial vs. greenhouse), market, building size, location, and other factors may result in significant differences in purchase prices per square foot Total Rentable Purchase Price Project Comments Investment (1) Sq. Ft. Per Sq.
Slide 11: Financial Statistics
Financial Statistics Innovative Industrial Properties Financial Statistics Current base rent and property management fees as of 12/21/18(1) $25.6 million annually Equity capital raised (net proceeds) $268.4 million Capital committed/invested(2) $167.4 million Current yield on invested capital as of
Slide 12: The Highlights
The Highlights Focused Strategy Experienced Management Team Unlevered Balance Sheet Strong and growing industry 12
Slide 13: Innovative Industrial Properties
INNOVATIVE Industrial Properties
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