Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Inland American Real Estate Trust — Investor Presentation (April 2010)
29 slides from Inventrust Properties's investor presentation, Apr 16, 2010
Slide 1: Inland American 2009 Year End Update
Inland American 2009 Year End Update H Inland American js js www.inland-american.com April 2010
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking staternents, Forwarchlooking staternents are statements thatare not histor cal,induding statements regarding managements intentions, beliefs, expectations, representations, plans or predictions ofthe future, andre typically ide
Slide 3: The Inland Real Estate Group of Companies, Inc.
The Inland Real Estate Group of Companies, Inc. As of December 31, 2009 Inland affiliates or related parties have: * Raised more than $17.9 billion from investment product sales to over * 344,000 investors * Completed 416 programs) * No completed program has paid total distributions less than the to
Slide 4: Inland American Portfolio Diversification: Geographic & Asset
Inland American Portfolio Diversification: Geographic & Asset * Owns a diverse portfolio of core commercial real estate including: o Retail o Lodging © Office o Industrial and Public Properties o Multi-Family/Student Housing © Investments in joint ventures, development projects, real estate loans an
Slide 5: Strategy
Strategy Generate Sustainable and Predictable Cash Flow for Distribution * Cash flow from operations (properties), marketable securities, notes receivable and joint venture investments are where the cash flow comes from to pay our dividend * Continue to lease space at favorable rental rates * Contro
Slide 6: Strategy (cont.)
Strategy (cont.) Maximize Long-Term Stockholder Value * Invest in real estate assets that produce attractive current yields and long-term adjusted returns * Focus on preservation of capital * Manage debt maturities and leverage ratios * Maintain strong cash position
Slide 7: A Diverse Strategy Balances Risk Exposure
A Diverse Strategy Balances Risk Exposure As of December 31, 2009 Investment Allocation - $11.3B* Core Assets — 81% Retail — 35% Lodging -— 27% Office — 20% Industrial — 10% Multi-Family — 8% Total Assets $11.38 Joint Ventures — 4% Notes Receivable — 4% Joint Ventures—4% _s Development — 3%)/ | \ Ca
Slide 8: Current Portfolio
Current Portfolio + 952 properties * 9,481 multi-family units ° 15,121 lodging rooms Multi-Famil: Industrial Office Lodging Retail 27 Properties 65 Properties 40 Properties 99 Properties 713 Properties 8 States 18 States 18 States 23 States + Dist, of Col. 32 States + Dist, Of Cal 9,481 Units 15.7M
Slide 9: Top Tenants: 70% Are Investment Grade
Top 10 Tenants: 70% Are Investment Grade Sorted by Annualized Base Rent As of December 31, 2009 Tenant Name Type —annualizedincome Total SE SunTrust Banks BBB+ Retail/Office 9.4% 4.5% AT&T, Inc. A Office 7.8% 7.0% RBS Citizens, NA A- Retail 3.5% 2.0% Sanofi-Aventis U.S. Inc. AA- Office 2.8% 1.5% Uni
Slide 10: Retail Portfolio
+ 743 Properties + 16.6M SF Retail Portfolio + 32 States + Dist. of Columbia As of December 31, 2009 Core Property Allocation Retail Portfolio Overview Lodging $2.5B 27% Office Industrial $1.9B $921M 20% 10% Inland American # 939 Occupancy (economic) * 69% of the portfolio is anchored by necessity-b
Slide 11: Retail News
Retail News Sales rose in all categories Luxury sector overall climbed 14.2% Apparel stores gaining 12.8% Discounters enjoyed a 10.7% rise Wholesale Clubs (excluding fuel sales) rose 3.5% Change Over March 2009 Cato up 24.2% Kohl’s up 22.5% Drugstores up 1.7% Limited up 15% Ross Stores up 14% Gap up
Slide 12: Retail News
Retail News ¢ ‘Retail Sales Outlook Shows Positive Growth, Continued Improvement” - National Retail Federation 4/12/2010 ¢ “Spring Returns to Retailer’s Step” - Wall Street Journal 4/6/2010 « “U.S, Consumers Send Signals of Renewed Interest in Shopping” - Financial Times 3/31/2010 « “March Retail Sa
Slide 13: Necessity Based Retail Centers
Necessity Based Retail Centers Alcoa Exchange q Inland American
Slide 14: Power Based Retail Centers
Power Based Retail Centers | Missouri City, Washington Park Plaza Homewood, IL iM Dothan Pavilion Dothan, AL Poplin Place Salisbury, MD Inland American
Slide 15: Industrial Portfolio
. . + 65 Pi i Industrial Portfolio: tsmsr + 18 States As of December 31, 2009 Core Property Allocation Industrial Portfolio Overview * 96% Occupangy (economic) * 97% of the portfolio is leased by single tenants with Lodging . Retail $2.8 $3.28 long-term stable rents ° 35% # 58% of the portfolio’s te
Slide 16: Home Depot Rapid Deployment Center
Home Depot Rapid Deployment Center Macalla, AL nland American 16
Slide 17: Thermo Process Center
Thermo Process Center Sugarland, TX
Slide 18: Office Portfolio
Office Portfolio | tuimr + 18 States As of December 31, 2009 Core Property Allocation Office Portfolio Overview * 96% Occupangy (economic) Lodging © 7296 of the portfolio is occupied by single tenants with $2.58 Retail $3.2B long-term stable rents 35% Lease Expiration Schedule 100.0% 90.0% 80.0% 70.
Slide 19: Worldgate Plaza
Worldgate Plaza Herndon, VA Li LoRan ci \4 \ q Inland American
Slide 20: AT&T Center
AT&T Center St. Louis, MO
Slide 21: Multi-Family Portfolio
+ 27 Properties Multi-Family Portfolio < 481 units (Includes Student Housing) OB SIEING As of December 31, 2003 Core Property Allocation Multi-Family Portfolio Overview * 84% Occupancy (economic) Lodging Retail © The portfolio has grown to 6,832 apartment units, $2.88 $3.28 and2,649 student housing
Slide 22: The Landings
The Landings Webster, TX 2
Slide 23: The Radian (Student Housing)
The Radian (Student Housing) Philadelphia, PA H Inland American 23
Slide 24: Lodging Portfolio
Lodging Portfolio: ts,21R00ms + 23 States and District of Columbia poorer st 7008 Core Property Allocation Multi-Family Portfolio Overview # 659% Occupancy (55% occupancy for industry peers) Lodging * 48% of the portfolio is branded by Marriott, 40% is $2.58 ; branded byHilton. * 40% of the portfoli
Slide 25: Hyatt Regency Orange County
Hyatt Regency Orange County Anaheim, CA
Slide 26: Marriott Woodlands Hotel and Convention Center
Marriott Woodlands Hotel and Convention Center The Woodlands, TX td a ie ta ait aa baie iar — a -
Slide 27: 2010 Maturing Loans
2010 Maturing Loans (in thousands) Mortgage Debt Maturing ©) $ 421,000 Refinanced (11,000) Exercised Extension Options (200,000) Contractual Extension Options (47,000) Under Commitment (73,000) Remaining Debt Currently Being Marketed (90,000) (Maturities in 2"¢ Half of 2010) All amounts represent lo
Slide 28: Debt Maturities
S6B S5B $4B $3B $2B $1B soe Ea = 2011 2012 2013 Debt Maturities $647M $389M $738M Percentage of Total Assets 5.7% 3.4% 6.5% 2014 $264M 2.3% 2015 $368M 3.3% Inland American Does not include consolidated develapment debt. Je REAL ESTATE TRUST, INC 28
Slide 29: Significant Accomplishments
Significant Accomplishments © Total income of $1.2B including interest and dividends ¢ Distribution per share $.50 cents for the year ($405M) ¢ Addressed virtually all of 2010 debt maturities as of 12/31/09, having retired, refinanced, or secured new financing for approximately $331 million ¢ Select
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