Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Inland American Real Estate Trust — Shareholder Meeting (September 2012)
18 slides from Inventrust Properties's shareholder meeting presentation, Sep 21, 2012
Slide 1: Inland American 2012 Stockholder Meeting
Inland American j@ REAL ESTATE TRUST, INC | ae A ae Ps cis ll i! CE ) 2012 Stockholder Meeting
Slide 2: Today's Agenda
Today’s Agenda Welcome & Introductions Election of Directors Ratify KPMG Company Presentation Q&A Session Adjourn Meeting
Slide 3: Forward-Looking Statements
Forward-Looking Statements plans or predictions ofthe fumuce, and are typically identified by such words as "believe, ‘anticipate "intend," "may,""vnll,' "should" and "could," We intend that such forward-looking statementsbe subjectto the safe harbor provisions created by Section 27A of the Secusiti
Slide 4: Inland American's Long-Term Strategy
Inland American’s Long-Term Strategy ¢ Sustainable monthly stockholder distributions while maintaining capital preservation ¢ Tailoring the portfolio: Retail, Lodging and Student Housing > Expand & perfect these growth portfolios ¢ Position for stockholder liquidity > Multiple liquidity events
Slide 5: Portfolio diversification balances risk exposure
Asof 6/30/12, based on i wnedepreciated core asset vahees Ind 5p ra Apart va 0. 0 Student Housing Office 2% 15.4 milli 17% million sq. ft. 22.4 million sq. ft. 17,899 hotel rooms Diversification - Balances Risk Exposure
Slide 6: Net Operating Income
Net Operating Income * Total net operating income (NOD) up 10.5% for the first half of 2012 (Includes impact of acquisitions & dispositions) Total NOI in 000s $425,000 94,280 $400,000 $394, §575,000 $356,571 coon $325,000 YTD 2011 YTD 2012 * Same-store NOI up 1.9% for the first half of 2012 Same-Sto
Slide 7: Funds from Operations
Funds from Operations * Funds from operations (FFO) o Firsthalf of 2012 - $226.7 million or $0.259 per share (annualized $0.52) o Maintaining guidance of $0.50 to $0.51 for the year (assumes some decrease from the annualized number of $0.52 due to timing of potential dispositions and acquisitions in
Slide 8: Debt Maturities
Debt Maturities $3,000 Fixed @ Variable $2,500 g $2,000 = S $1,500 | $1.0B $1,000 $787 $630M $590M i a = — = = 2012 2013 2014 2015 2016 % of Total Debt as of 06/30/12 4.5% 16.9% 10.4% 9.7% 12.9%
Slide 9: Inland American's Long-Term Strategy
Inland American’s Long-Term Strategy « Sustainable monthly stockholder distributions while maintaining capital preservation ¢ Tailoring the portfolio: Retail, Lodging and Student Housing > Expand & perfect these growth portfolios * Position for stockholder liquidity > Multiple liquidity events
Slide 10: Expand ownership of premium branded upper upscale hotels
Expand ownership of premium branded upper upscale hotels to further enhance our portfolio > Historically low supply growth is forecasted > Upper upscale segment should see continued strong revenue growth > Look for high barriers-to-entry in top-25 urban markets Harvest positive fundamentals / Capita
Slide 11: Continue to grow the student housing portfolio
* Continue to grow the student housing portfolio > Purpose built — acquisition or development > Large universities * Continue to invest in innovative design and technology ideas and operational excellence programs to attract students * Create and reinforce relationships with universities, municipali
Slide 12: Focus portfolio toward necessity-based assets
* Focus portfolio toward necessity-based assets in favorable demographic & geographic locations * Rotate capital out of single-tenant assets into multi-tenant, necessity-based anchored centers * Maintain operational efficiencies Inland American 12
Slide 13: Portfolio diversification by asset value
Asof 6/30/12, based on i 7 wnedepreciated core asset vahees Ind 5p a Apartments 0. Student Housing Office a 2% 17% 15.4 million \ sq. ft. 22.4 million sq. ft. 17,899 hotel rooms 13
Slide 14: Scale may not match final asset allocation
*Scale may not match final asset allocation Inland American Student Housing 14
Slide 15: Inland American's Long-Term Strategy
Inland American’s Long-Term Strategy « Sustainable monthly stockholder distributions while maintaining capital preservation ¢ Tailoring the portfolio: Retail, Lodging and Student Housing > Expand & perfect these growth portfolios ¢ Position for stockholder liquidity > Multiple liquidity events
Slide 16: Stockholder Liquidity Events
Stockholder Liquidity Events * The timing will be determined by market conditions that are favorable for execution * We believe optimal long-term liquidity for our stockholders will be achieved by executing business strategies for each segment * Weare positioning each segment for potential listing,
Slide 17: Q&A Session
Inland American jo REAL ESTATE TRUST, INC me es J Se Q&A Session
Slide 18: GAAP Reconciliation Slide
GAAP Reconciliation Slide jin ‘000s Six months ended Twelve months ende 6/30/2012 6/30/2011 12/31/2011 Net loss (48,001) (78,518) (309,545) Net (income) loss of noncontrolling interests (192) (3,871) 6,708) Net income (loss) attributable to Company 48,193) (82,389) 316,253) Add Depreciation and amor
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