Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q4 2017 Earnings Presentation
21 slides from Inland Real Estate Income Tr's earnings presentation, Mar 27, 2018
Slide 1: 2017 Q4 Results Webcast
INLANDS| z Inland Real Estate Income Trust, Inc. 2017 Q4 Results Webcast Tuesday, March 27, 2018 * 3:00 pm CT Audio is available via webcast — dial in number not required. inland-investments.com THIS IS NEITHER AN OFFER TO SELL NORA SOLICITATION OF AN OFFER TO BUY ANY SECURITY
Slide 2: Disclaimer
Disclaimer : Inland je Real te Income Trust, Inc. inland-investments.com This material is neither an offer to sell nor the solicitation of an offer to buy any security, which can be made only by a prospectus, which has been filed or registered with appropriate state and federal regulatory agencies,
Slide 3: Risk Factors
Risk Factors : Inland Real Estate Income Trust, Inc. inland-investments.com Some of the risks related to investing in commercial real estate include, but are not limited to: market risks such as local property supply and demand conditions; tenants’ inability to pay rent; tenant turnover; inflation a
Slide 4: Valuation Disclosure
Valuation Disclosure Our estimated per share net asset value (NAV) represents a snapshot in time, will likely change, and does not necessarily represent the amount a stockholder would receive now or in the future for his or her shares of the Company's common stock. Stockholders should not rely on th
Slide 5: Forward-Looking Statements
Forward-Looking Statements ‘Inland Real Estate Income Trust, Inc. inland-investments.com In addition to historical information, this webcast contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements may be id
Slide 6: On Today's Call
On Today’s Call Real Estate Income Trust, Inc. inland-investments.c: se 2 Mitchell Sabshon Cathy Lynch David Lichterman Erin Beyer President & Chief Financial Officer Vice President, Chief Vice President, Chief Executive Officer Accounting Officer & Corporate Strategy Treasurer
Slide 7: Portfolio Highlights
Portfolio Highlights as of December 31, 2017 Portfolio is more than 94% leased and has been more than 94% leased since we purchased our first properties ' CBRE. Q4 2017 U.S. Retail Figures. More than 80% of our annualized base rent (ABR) is generated from properties anchored and shadow- anchored by
Slide 8: 2017 Q4 Portfolio Highlights
2017 Q4 Portfolio Highlights Diverse geographic footprint with 12% of our portfolio in the west, 31% in the south, 29% in the midwest, and 28% in the east West South Midwest East
Slide 9: 2017 Q4 Portfolio Highlights: Top Tenants by Annualized Base Rent
2017 Q4 Portfolio Highlights Top 5 Tenants by Annualized Base Rent 2. @ 3. BMC pam DIGK’S SPORTING GooDS 3.4% 5. 3.3% i@OSS DRESS FOR LESS 2.5%
Slide 10: 2017 Q4 Portfolio Highlights: Comparable Leasing Spread
2017 Q4 Portfolio Highlights Inland Real Estate Income Trust, Inc. SE Comparable Leasing Spread* 40 35.3% 35 30 25 2015 2016 2017 —e— NewLeases —#- Renewals * Percentage change between the new contractual rent per square foot (PSF) and the prior contractual rent PSF for comparable new leases and ren
Slide 11: 2017: A Year of Evolution for Retail
2017: A Year of Evolution for Retail inland-investments.com Ol % Restaurants NEPvICeS 4. , wy Entertainment Grocery zi
Slide 12: Estimated NAV Per Share
Estimated NAV Per Share Per Share Real estate assets $41.34 Cash and other assets, net of other liabilities! 0.30 Fair market value of debt? (19.29) Estimated per share NAV? $22.35 Estimated per share NAV range: $21.23 - $23.47 Midpoint of low and high values: $22.35 Inland je Real Estate Income Tru
Slide 13: Repricing of Shares
Repricing of Shares Inland Real Estate Income Sa | e Per share estimated NAV of $22.35! — Excludes value adjustments for portfolio size and diversification — Company’s Board of Directors selected the midpoint of the range as the estimated per share value INLANDS; ¢ Distribution Reinvestment Plan (DR
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights December 31, 2017 ( housands) Total Assets: Sisfo 570 Stockholders’ Equity: $591 ,472 Distributions Paid: SoS so Cash Flow Provided by Operations: $50,871 GAAP Net Loss: $(19,102) Funds from Operations (FFO): $51,232 Modified Funds from Operations (MFFO): $48,893 In
Slide 15: Debt Profile and Maturities
Debt Profile and Maturities e Estate Inc st, Sa | Scheduled Principal Payments and Maturities of Mortgage Loans and Credit Facility Payable As of December 31, 2017 $400 (in millions) $229.6 m Mortgage Loans $200 Payable $152.7 = Credit Facility $126.6 Payable $83.8 $84.3 $15.5 so |_ = 80.8 2018 2019
Slide 16: Same Store Net Operating Income (NOI)
Same Store Net Operating Income (NOI) 12 Months (in thousands) 12 Months Ended 12 Months Ended | Inla Real Estate Income Trust, Inc. 12/31/2017 12/31/2016 Rental income $86,856 $87,097 Tenant recovery income $26,766 $25,785 Other property income $469 $1,055 Total income $114,091 $113,937 $154 Proper
Slide 17: 2017 Annual Report is Online!
2017 Annual Report is Online! e Estate Inc st, Sa | Why online access? Y) 6) Immediate — Notification in a timely fashion when the materials are available Convenient — View or print materials at any time from any internet connection Flexible — Choose when to review, vote or request a hard copy Secur
Slide 18: Questions?
Questions?
Slide 19: Appendix
Appendix
Slide 20: Non-GAAP Reconciliation
Non-GAAP Reconciliation FFO and MFFO 12 Months 12 Months Ended 12/31/17 Ended 12/31/16 (in thousands) (inthousands) GAAP Net loss $(19, 102) $(7,961) Add: Depreciation and amortization related to investment properties 61,804 59,860 Provision for impairment of investment property $8,530 $0 Funds from
Slide 21: Results of Operations (12 Months)
Results of Operations (12 Months) : Inland je Real Estate Income Trust, Inc. ivestments.com In order to evaluate our overall portfolio, management analyzes the net operating income of properties that we have owned and operated for both periods presented, in their entirety, referred to as “same store
Inland Real Estate Income Trust — Q4 2017 Earnings Presentation on 6ix