Innovative Industrial Properties, Inc. (NYSE:IIPR) Q1 2022 Results Conference Call May 5, 2022 1:00 PM ET

Company Participants

Brian Wolfe - Investor Relations

Alan Gold - Executive Chairman

Paul Smithers - President and Chief Executive Officer

Catherine Hastings - Chief Financial Officer

Ben Regin - Vice President of Investments

Griffin Marquardt - Director of Construction Management

Conference Call Participants

Thomas Catherwood - BTIG

Alexander Goldfarb - Piper Sandler

Eric Des Lauriers - Craig-Hallum Capital Group

Scott Fortune - ROTH Capital Partners

John Massocca - Ladenburg Thalmann

Operator

Hello. Welcome to the Innovative Industrial Properties Inc, Q1 2022 Earnings Call. All participants will be in listen-only mode. [Operator Instructions] after today’s presentation there will be an opportunity to ask questions. [Operator Instructions] Please note, today's event is being recorded.

I would now like to turn the conference over to Brian Wolfe. Mr. Wolfe, please go ahead.

Brian Wolfe

Thank you for joining the call. Presenting today are Alan Gold, Executive Chairman; Paul Smithers, President and Chief Executive Officer; Catherine Hastings, Chief Financial Officer; and Ben Regin, Vice President of Investments; and Griffin Marquardt, Director of Construction Management.

Before we begin, I would like to remind everyone that statements made during today's conference call may be deemed Forward-Looking Statements within the meaning of the safe harbor of the Private Securities Litigation Reform Act of 1995, and actual results may differ materially due to a variety of risks, uncertainties and other factors. Please refer to the documents filed by the company with the SEC. Specifically, the most recent reports on Forms 10-K and 10-Q, which identify important risk factors that could cause actual results to differ from those contained in the forward-looking statements. We are not obligated to publicly update or revise any forward looking statements, whether as a result of new information, future events or otherwise.

In addition on today's call, we will discuss certain non-GAAP financial information such as FFO, normalized FFO, and adjusted FFO. You can find this information together with reconciliations to the most directly comparable GAAP financial measure in our earnings release issued yesterday, as well as in our 8-K filed with the SEC.

I will now hand the call over to Alan. Alan.

Alan Gold

Thank you, Brian. And welcome everyone. As you know, our general approach has been to host an earnings call every other quarter. With our next regularly scheduled earnings call being to report the second quarter results in early August.