Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Shareholder Meeting (June 2016)
26 slides from Inland Real Estate Income Tr's shareholder meeting presentation, Jun 16, 2016
Slide 1: 2016 Annual Stockholders' Meeting
inland-investments.com 1 Inland Real Estate Income Trust, Inc. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY. 2016 Annual Stockholders’ Meeting June 16, 2016 • 10:00 am CT inland-investments.com
Slide 2: Disclaimer
inland-investments.com 2 Disclaimer 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, as supplemented, which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by bro
Slide 3: Risk Factors
inland-investments.com 3 Risk Factors An investment in Inland Income Trust’s shares involves significant risks. If Inland Income Trust is unable to effectively managethese risks, it may not meet its investment objectives and investors may lose some or all of their investment. Some of the risks relat
Slide 4: Forward-Looking Statements
inland-investments.com 4 Forward-Looking Statements In addition to historical information, this presentation contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements may be identified by terminology such as
Slide 5: Agenda
inland-investments.com Agenda 5 • Call to Order and Opening Remarks: Daniel L. Goodwin, Chairman, Inland Real Estate Income Trust, Inc. • Report of Quorum and Presentation of the Affidavit of Mailing of Proxy Solicitation: Cathleen M. Hrtanek, Secretary, Inland Real Estate Income Trust, Inc. • Proxy
Slide 6: Board of Directors and Executive Officers
inland-investments.com Board of Directors and Executive Officers 6
Slide 7: Mitchell Sabshon, Chief Executive Officer
inland-investments.com Mitchell Sabshon Chief Executive Officer
Slide 8: Management Update: Inland Income Trust Company Snapshot
inland-investments.com 8 Management Update March 31, 2016 Inland Income Trust Company Snapshot
Slide 9: Capital Raise: Successful Close of Inland Income Trust
inland-investments.com Capital Raise Successful Close of Inland Income Trust 9 $0 $100,000,000 $200,000,000 $300,000,000 $400,000,000 $500,000,000 $600,000,000 $700,000,000 $800,000,000 $900,000,000 1 0 / 2 0 1 1 0 1 / 2 0 1 2 0 4 / 2 0 1 2 0 7 / 2 0 1 2 1 0 / 2 0 1 2 0 1 / 2 0 1 3 0 4 / 2 0 1 3 0 7
Slide 10: Inland Income Trust Highlights
inland-investments.com 10 Inland Income Trust Highlights
Slide 11: Investment Strategy
inland-investments.com 11 Investment Strategy Focus on acquiring multi-tenant, necessity-based shopping centers
Slide 12: Retail & Economic Overview
inland-investments.com 12 Retail & Economic Overview • Unemployment fell to 4.7% in May 1 • Median weekly earnings increased 2.7% in Q1 2016 over Q1 2015 2 • Consumer spending rose 1.0% in April 3 • Retail sales rose 1.3% in April 4 • Q1 rents continue to rise, increasing by 1.5% 5 • Q1 net absorpti
Slide 13: JoAnn McGuinness, President and Chief Operating Officer
inland-investments.com JoAnn McGuinness President and Chief Operating Officer
Slide 14: Multi-Tenant Retail Characteristics
inland-investments.com 14 Multi-Tenant Retail Characteristics 1 Statista. Consumers’ weekly grocery shopping trips in the United States from 2006 to 2015 1 Characteristics of a multi-tenant, necessity-based anchored shopping center include:
Slide 15: Geographic Footprint
inland-investments.com 15 Geographic Footprint Our properties are geographically diverse and well-located
Slide 16: Number of Properties
inland-investments.com 16 Number of Properties Number of Properties Owned at Year-End
Slide 17: Total Square Feet
inland-investments.com 17 Total Square Feet Total Square Feet at Year-End
Slide 18: Investment/Acquisition Highlights
inland-investments.com Investment/Acquisition Highlights 18 Market: North Myrtle Beach, SC Transaction Price: $72.8 Million Leasable Area: 304,745 SF Coastal North Town Center Market: South Jordan, UT Transaction Price: $6.0 Million Leasable Area: 14,350 SF OquirrhMountain Marketplace, Phase II
Slide 19: Investment/Acquisition Highlights
inland-investments.com Investment/Acquisition Highlights 19 Market: Newport News, VA Transaction Price: $72.5 Million Leasable Area: 210,584 SF Marketplace at Tech Center Market: Kansas City, MO Transaction Price: $35.4 Million Leasable Area: 158,118 SF The Village at Burlington Creek Update photo
Slide 20: Top Tenants
inland-investments.com 20 Top 10 Tenants Dick’s Sporting Goods 5 Leases |3.5% of ABR* Kroger 3 Leases |3.4% of ABR* T.J.Maxx/HomeGoods/ Marshalls 11 Leases |3.0% of ABR* Petsmart 8 Leases |2.7% of ABR* Albertsons/Jewel/ Shaws 2 Leases |2.4% of ABR* Ulta 9 Leases |2.3% of ABR* Kohl’s 4 Leases |2.2% o
Slide 21: Capturing Value Through NOI Growth
inland-investments.com Capturing Value Through NOI Growth 21 2016 2017 2018 2019 2020 Multi-Tenant Retail NOI Growth* 3.10% 3.40% 3.20% 3.20% 2.90% CPI Forecast** 1.70% 2.40% 2.40% 2.40% 2.40% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% *Source: Green Street Advisors **Source: Congressiona
Slide 22: David Lichterman, Vice President, Treasurer and Chief Accounting Officer
inland-investments.com David Lichterman Vice President, Treasurer and Chief Accounting Officer
Slide 23: Financial Highlights
inland-investments.com Financial Highlights March 31, 2016 (in thousands) March 31,2015 (in thousands) Total Assets: $1,334,369 $784,178 Stockholders’ Equity: $672,605 $499,429 Distributions Paid: $12,910 $9,750 Cash Flow Provided by Operations: $4,661 $6,434 GAAP Net Loss: $(4,241) $(623) Funds fro
Slide 24: GAAP Reconciliation to FFO and MFFO
inland-investments.com 24 GAAP Reconciliation to FFO and MFFO inland-investments.com 3 Months Ended 3/31/16 (in thousands) 3 Months Ended 3/31/15 (in thousands) GAAP Net loss $(4,241) $(623) Add: Depreciation and amortization related to investment properties 16,085 5,052 Funds from operations (FFO)
Slide 25: Mortgages and Credit Facility Payable
inland-investments.com Mortgages and Credit Facility Payable 25 March 31, 2016 (in thousands) March 31, 2015 (in thousands) Mortgages Payable(excludes unamortized fair value adjustment related to assumed debt): $529,766 $232,536 Credit Facility Payable: $15,000 - Ratio of Total Mortgages and Credit
Slide 26: Questions?
inland-investments.com Questions?
Inland Real Estate Income Trust — Shareholder Meeting (June 2016) on 6ix