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  "documentTitle": "Innovative Industrial Properties, Inc. (IIPR)",
  "authorId": "62_Grizzly_Research",
  "authorName": "Grizzly Reports",
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  "sourceTypeSlug": "short_seller",
  "sourceTypeLabel": "Short seller",
  "presentationDate": "2020-04-09 00:00:00",
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  "notes": "The slide presents a 'bad case scenario' analysis of rental income, suggesting a 49% decrease compared to analyst estimates.",
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      "text": "If we look at our bad case scenario, which in our opinion is more realistic due to the worsening economic environment, we are looking at a 49% decrease in 2020 rental income.",
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      "text": "Estimated Downside: $42,220,949",
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      "text": "If we look at our bad case scenario, which in our opinion is more realistic due to the worsening economic environment, we are looking at a 49% decrease in 2020 rental income. Again, the detailed reasons for the application of a discount on each property are listed in our Appendix.",
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      "text": "Source: Company Filings, Grizzly Research LLC",
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      "text": "Property, Lease Start, Annual Rent (Before Discount) $, Discount, Annual Rent (Discounted) $, Reason for Discount",
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      "text": "Total Discounted Rent $ 51,103,350.02; Total Identified Undiscounted Rent $ 82,936,665.81; Discount Ratio 38%; Analyst Estimate 2020 Rent $ 110,000,000.00; Estimated Downside $ 42,220,949",
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