Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q2 2017 Earnings Presentation
17 slides from Inland Real Estate Income Tr's earnings presentation, Aug 22, 2017
Slide 1: 2017 Q2 Results Webcast
Inland Real Estate Income Trust, Inc. 2017 Q2 Results Webcast Tuesday, August 22, 2017 * 3:00 pm CT Audio is available via webcast — dial in number not required. inland-investments.com THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY
Slide 2: Disclaimer
Disclaimer 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, and sold only by broker dealers and reg
Slide 3: Risk Factors: Inland Real Estate Income Trust, Inc.
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 tumover; inflation an
Slide 4: Forward-Looking Statement
Forward-Looking Statement 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 identified
Slide 5: On Today's Call
On Today’s Call ialelare je Real Estate Income Trust, Inc. Sa | Investments.com Mitchell Sabshon Cathy Lynch David Lichterman President & Chief Executive Officer Chief Financial Officer Vice President, Chief Accounting Officer & Treasurer
Slide 6: 2017 Q2 Portfolio Highlights
2017 Q2 Portfolio Highlights 58 Properties 24 States 6.9 Million square feet 739 Tenants 95% Economic occupancy* 80% Grocery or grocery- shadow-anchored real estate** No Assets MI 0.3-5% M6,01-107% Based on Annualized Base Rent (ABR) *Economic occupancy is defined as the percentage of total gross le
Slide 7: 2017 Q2 Portfolio Highlights: Top Tenants and Industries
2017 Q2 Portfolio Highlights Top 5 Tenants by ABR* Tenant Industries by ABR* Restaurant 15.80% Home Goods 9.70% Apparel & é Grocery Accessories 14.00% 11.10% Discount and Department Stores 12.10% *ABR = Annualized Base Rent
Slide 8: Retail In the News
Retail In the News = ‘eal Estate Income Trust, Inc. Sa | Amazon.com’s planned purchase of Whole Foods for $13.7 billion reinforces the importance of brick-and-mortar stores WHOLE FOODS. (MAR K ET)
Slide 9: Consolidated Financial Highlights
Consolidated Financial Highlights Inland je Real Estate Income Trust, Inc. inland-investments.com ee eS Total Assets: $1,400,046 $1,386,339 Stockholders’ Equity: $629,999 $659,412 Distributions Paid: $26,507 $26,028 Cash Flow Provided by Operations: $30,027 $17,897 GAAP Net Loss: $(5,435) $(6,541) F
Slide 10: 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 June 30, 2017 $400 $356.2 (in millions) m Mortgage Loans $200 Payable $152.7 = Credit Facility Payable $84.3 $57.5 $6.4 $15.5 $0.9 | | $0 }—— _—_ r r : 20
Slide 11: Same Store Net Operating Income (NOI) 3 Months
Same Store Net Operating Income (NOI) 4 3 Months H Inla Je Real Estate Income Trust, Inc. S$ ines Stone Ended Sone Se Rental income $21,816 $21,898 Tenant recovery income $6,761 $6,417 Other property income $115 $88 Total income $28,692 $28,403 $289 Property operating expenses $4,762 $4,980 Real est
Slide 12: Same Store Net Operating Income (NOI) 6 Months
Same Store Net Operating Income (NOI) 4 6 Months H Inla Je Real Estate Income Trust, Inc. S$ ines Stone ended one Se Rental income $43,492 $43,725 Tenant recovery income $13:372 $13,079 Other property income $172 $173 Total income $57,036 $56,977 $59 Property operating expenses $9,787 $9,884 Real es
Slide 13: Questions?
Questions?
Slide 14: Appendix
Appendix
Slide 15: Non-GAAP Reconciliation
Non-GAAP Reconciliation FFO and MFFO 6 Months 6 Months Ended 6/30/17 Ended 6/30/16 {in thousands) {in thousands) GAAP Net loss $(8,435) $(6,541) Add: Depreciation and amortization related to investment properties 30,899 30,716 Funds from operations (FFO) $25,464 $24,175 Add: Acquisition related cost
Slide 16: Results of Operations (3 Months)
Results of Operations : Inland je Real Estate Income Trust, Inc. inland-investments.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" pr
Slide 17: Results of Operations (6 Months)
Results of Operations : Inland je Real Estate Income Trust, Inc. inland-investments.com A total of 54 investment properties were acquired on or before January 1, 2016 and represent our "same store" properties during the six months ended June 30, 2017 and 2016. “Non-same store" consists of properties
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