Jernigan Capital — Q4 2015 Earnings Presentation
6 slides from Jernigan Capital's earnings presentation, Mar 8, 2016
Slide 1: Q4 2015 Earnings Call
1 Q4 2015 Earnings Call Exhibit 99.2
Slide 2: Disclaimer: Forward-Looking Statements
2 Disclaimer Forward - Looking Statements This presentation includes "forward - looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995 and other federal securities laws, including statements regarding our future performance, our 2016 earnings guidance and rela
Slide 3: Capitalization
3 Capitalization » Joint Venture with Heitman Capital Management ▪ $122.2 million venture – 90% Heitman ($110 million assuming procurement of $75 million institutional co - investment currently in progress; $41.9 million if no co - investment is procured) and 10% JCAP ($12.2 million) ▪ Includes thre
Slide 4: 2015 Earnings and Financial Data
4 2015 Earnings and Financial Data » Revenues steadily increasing as capital is deployed ▪ Interest income of $1.7 million for nine months ended December 31 ▪ Permitting continued to delay projects in Miami MSA – Permits obtained in January 2016 (both projects will be transferred to the Heitman Join
Slide 5: 2016 Earnings Guidance
5 2016 Earnings Guidance » Revenues increasing as capital is deployed ▪ Interest income of $6.0 million to $6.5 million ▪ Income from Heitman Joint Venture of $1.2 million to $1.3 million ▪ Total income of $7.2 million to $7.8 million » Stabilized G&A spread across increasing assets ▪ Total G&A of $
Slide 6: Non-GAAP Financial Measures and Reconciliations
6 Non - GAAP Financial Measures and Reconciliations Non - GAAP Financial Measures Adjusted Earnings is a non - GAAP measure and is defined as net income plus stock - based compensation expense, and Adjusted Cash Earnings is a non - GAAP measure and is defined as Adjusted Earnings reduced by unrealiz