Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Investor Presentation (January 2021)
12 slides from Inventrust Properties's investor presentation, Jan 6, 2021
Slide 1: Webcast Presentation January 6, 2021
Essential Retail. Smart Locations. Webcast Presentation January 6, 2021
Slide 2: Forward-Looking Statements
Forward-Looking Statements in this presentation, which are not historical facts, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements are statements that are not historical, including statements regarding management’s i
Slide 3: COVID-19 Update
Essential Retail. Smart Locations. | 2021 3 COVID-19 Update • The evolving COVID-19 pandemic continues to impact the retail real estate industry including InvenTrust • Our shopping centers remain open and play a critical role in their respective communities by providing essential retail products and
Slide 4: Platform Overview
Essential Retail. Smart Locations. | 2021 4 Platform Overview Essential Retail. Smart Locations. 65 Retail Properties 13 Sun-Belt Markets (~20 MSAs) 18% Net Leverage Ratio 3 $19.27Annualized Base Rent PSF 4 85% Grocery-Anchored 1 94% Rent Collected 2
Slide 5: Fifth Consecutive Annual Increase in Dividend Rate
Essential Retail. Smart Locations. | 2021 5 Fifth Consecutive Annual Increase in Dividend Rate • Paid dividends in full in 2020 despite disruption from COVID-19 • Conservative dividend payout ratio at ~60% • Maintaining a stable & flexible balance sheet 1 $0.0675 $0.0695 $0.0716 $0.0737 $0.0759 $0.0
Slide 6: New Estimated Share Value Announcement
Essential Retail. Smart Locations. | 2021 6 New Estimated Share Value Announcement • On December 21, 2020, InvenTrust published our new estimated share value of $2.89 • Duff & Phelps, LLC, an independent, third-party valuation firm completed a detailed analysis of the Company’s portfolio of assets a
Slide 7: Factors Impacting IVT's Estimated Share Value
Essential Retail. Smart Locations. | 2021 7 Factors Impacting IVT’s Estimated Share Value • Disruption to the U.S. economy & rental income due to retailer hardship and bankruptcies • Interest rate changes and underlying assumptions for monetary policy • Acceleration of e-Commerce adoption driven by
Slide 8: Portfolio Strategy Minimized Value Decline
Essential Retail. Smart Locations. | 2021 8 Portfolio Strategy Minimized Value Decline • InvenTrust’s portfolio of grocery-anchored assets in Sun-Belt markets minimized our value decline -6% -10% -8% -15% -10% -5% 0% Grocery-Anchored Neighborhood/Community Centers Power Centers IVT Portfolio Weighte
Slide 9: Continued Outreach & Public Company Readiness
Essential Retail. Smart Locations. | 2021 9 Continued Outreach & Public Company Readiness • Maintain proactive shareholder communications by providing frequent updates on our progress through: Webcasts Shareholder newsletters Press releases Email alerts • The Board and management will contin
Slide 10: Q & A
10 Q & A
Slide 11: Commons at University Place, Durham, NC
Essential Retail. Smart Locations. | 2021 11 Commons at University Place Durham, NC Properties Predominantly grocery- anchored centers in Sun-Belt markets with favorable demographics Platform Simple, focused, and flexible in both the portfolio and capital structure Team Deep real estate expertise em
Slide 12: Footnotes
Essential Retail. Smart Locations. | 2021 12 Footnotes Page 4 1. 2020F pro-rata NOI percentage includes shadow-anchored grocery store tenants. Walmart, Target and warehouse clubs are considered grocers, regardless of whether the box is owned by the REIT or shadow anchored 2. Q3 2020 rent collected a
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