Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Shareholder Meeting (May 2020)
16 slides from Inventrust Properties's shareholder meeting presentation, May 12, 2020
Slide 1: Annual Shareholder Meeting
Annual Shareholder Meeting May 7, 2020 @.y Inverirust “Nag properties
Slide 2: Forward Looking Statements
Forward Looking Statements
Slide 3: Platform Overview
Platform Overview InvenTrust Essential Retail. Smart Locations $3.0B Gross Asset Value? 65 Retail Properties 1 3 Sun-Belt Markets (~20 Msas) 1 7% Net Leverage Ratio? 83% Grocery-anchored' >$500M Liquidity sy InvenTrust " ‘i 3 ° we) Properties Essential Retail. Smart Locations. | 2020 3
Slide 4: 2019 Review
2019 Review $0.1 5 Adjusted FFO per share 2.9% Same-property modified NO! growth 9 5.2% Ending economic occupancy _ $20M Of shares repurchased through the Share Repurchase Program Sy InveriTrust i i Xp Invent Essential Retall. Smart Locations. | 2020 4
Slide 5: Geography: Sun-Belt Focused
Geography: Sun-Belt Focused Operating teams located within two-hour drive of 90% of properties 4 Charlotte 3.6% ‘tanta | 10.3%, Miami/Ft Louderdale/ 13.9% tear West Palm Beach { St Petersburg? | sai | Dallas/Ft Worth/Atlington 45%@ % of 2019A NOI © Target Market © InvenTrust Office Locations ey Inve
Slide 6: COVID-19 Business Update
COVID-19 Business Update @*y InvenTrust 6 “oe Properties 6
Slide 7: COVID-19 Update
COVID-19 Update The evolving COVID-19 pandemic impacts all of us, and at InvenTrust, we understand the uncertainty this causes for all of our stakeholders. We will continue to monitor the situation and make decisions that prioritize the health and safety of our shareholders, tenants, and employees.
Slide 8: Managing through COVID-19
Managing through COVID-19 New World = New Rules * InvenTrust is redeploying human capital to align with the most pressing action items during COVID-19. Tenant outreach, partnership, and assistance is our top priority. = Operations & Legal v Leasing task force has been created to assess leases on a c
Slide 9: Portfolio Composition
Portfolio Composition Essential Retail: Tenants predominantly open and operating, providing consumers with immediate needs Essential Retail: 43% of Pro Rata ABR Other Retail/Services: | 40% of Pro Rata ABR yy InvenTrust “a Properties Other Essential Banks . Retail/Services Offtee/’ 4% 34 2% __ Hardw
Slide 10: Grocery-Anchored Centers: Predictable & Durable Income
Grocery-Anchored Centers: Predictable & Durable Income By Net Operating Income NOI from Grocery-Anchored Centers | Harris Teeter | Power J 18% eee QED Center with Grocer ae | Publix. | 22% | gy GME SAFEWAYG) QB Mlarher Grocery Anchored - ] Neighborhood & Community 7% Centers ——— a tl 61% 18% Special
Slide 11: Grocery Concentration: Peer Comparison
Grocery Concentration: Peer Comparison Grocery-Anchored % of Pro Rata Asset Value @ Grocery Anchored @ Incremental Grocery (Power Center) 100% 80% 80% 17% 72% 9 71% 13% 70% 67% 29%) 65% 140% 160%! 167% 51% 137%) 12% WEINGARTEN a ci ae: Sy InvenTrust i 2 ven Essential Retail. Smart Locations. | 2020
Slide 12: Balance Sheet and Liquidity
Balance Sheet and Liquidity * Below 20% net leverage with only 3.2% of total debt maturing in 2020 and 2021; no unsecured maturities until 2023 * Significant cash reserve further bolstered by drawing $150 million on revolving credit facility; over $300 million cash on hand at 3/31/20 * No large scal
Slide 13: Corporate Policy Update
Corporate Policy Update * Paid April distribution at previously disclosed rate * Postponed publication of new estimated share value * Market transaction activity has come to a halt leading to tremendous uncertainty to the value of assets * Many companies are withdrawing their financial guidance and
Slide 14: InvenTrust: Essential Retail. Smart Locations.
InvenTrust: Essential Retail. Smart Locations. Properties Platform Team Culture Predominantly Simple, focused, and Deep real estate Innovative, collegial, grocery-anchored exible in both the expertise embedded in and accountable centers in Sun-Belt portfolio and capital our markets close to markets
Slide 15: @y Inveniirust
@y Inveniirust “x Properties
Slide 16: Footnotes
Footnotes Page 3 1. By 2019 NOI at pro-rata share, NO! percentages include shadow-anchored grocery store tenants. Walmart, Target and warehouse clubs ate considered grocers, regardless of whether the box is owned by the REIT or shadow anchored 2. Gross asset value includes (a) wholly owned retail pr
InvenTrust Properties — Shareholder Meeting (May 2020) on 6ix