Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Shareholder Meeting (June 2017)
23 slides from Inland Real Estate Income Tr's shareholder meeting presentation, Jun 13, 2017
Slide 1: 2017 Annual Meeting of Stockholders
=) fe) =) =. Je Real Estate Income Trust, Inc. June 13, 2017 - 10:00 am CT THIS IS NEITHER AN OFFER TO SELL NORA SOLICITATION OF AN OFFER TO BUY ANY SECURITY.
Slide 2: Disclaimer
Disclaimer i Inland Je Real Estate 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, as supplemented, which has been filed or registered with appropriate state and federal
Slide 3: Risk Factors
Risk Factors ‘Inland Je 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
Slide 4: Forward-looking statements
Je Real Estate Income Tru inland-investments.com In addition to historical information, this presentation contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Re Act of 1995. The statements may be identified by terminology such as "may,"
Slide 5: Agenda
: Inland Je Real Est ome Trust, Inc aa * 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.
Slide 6: Board of Directors and Executive Officers
Board of Directors and Executive Officers | valelate! Je Real Estate Income Trust, Inc. aa & AA Lee A. Daniels Stephen L. Davis Gwen Henry Bernard J. Michael Independent Director Independent Dire i Independent Director independent Director rN Mitchell A. Sabshon Director, President and Chief Executi
Slide 7: Catherine L. Lynch
Catherine L. Lynch Chief Financial Officer
Slide 8: Management Update
Management Update | Inland Je Real Estate Income Trust, Inc. aa By the Numbers as of March 31, 2017 57 (©) 23 6.7 Properties States Million Sq. Ft. %$) 735 95.4% Tenants Economic Occupancy* *Economic occupancy is defined as the percentage of total gross leasable area for which a tenant is obligated
Slide 9: Retail & Economic Overview
Retail & Economic Overview — 253,000 rise in private payrolls in May! — Unemployment rate fell to 4.3% in May? — Median weekly earnings up by 4.2% in Q1 2017 over Q1 2016° — Personal savings increased to $849.1 billion from $819.0 billion in February* — GDP expanded 1.2% in the first quarter® os The
Slide 10: Retail In the News
Retail In the News i Inland Real Estate Income Trust, Inc. inland-investments.com Many big name department store closings and bankruptcies * Occurrences primarily in B & C shopping malls ¢ IREIT designed to be protected from online competition ¢ Portfolio is more than 80% grocery or grocery-shadow a
Slide 11: Daniel Zatloukal
\ Daniel Zatloukal President, Inland Commercial Real Estate Services LLC
Slide 12: Geographic Diversity
Geographic Diversity No Assets M1 0.3-6% IE5.01-10% Based on annualized base rent as of March 31, 2017
Slide 13: Investment/Acquisition Highlights
Investment/Acquisition Highlights re Wilson Marketplace Market: Wilson, NC Gross Transaction Price: $41.7 Million Leasable Area: 311,030 SF Market: Plaistow, NH Gross Transaction Price: $24.5 Million Leasable Area: 199,335 SF
Slide 14: North Myrtle Beach, SC
North Myrtle Beach, SC $72.8 Million 304,745 SF South Jordan, UT $6.0 Million 14,350 SF 14
Slide 15: Rent Growth Case Study
Rent Growth Case Study 1 A necessity-based shopping center owned by Inland Income Trust completed two new leases that resulted in a 13.2% increase in rents. 20% of the center’s square footage was scheduled to expire in 2016. 100% of those expiring leases were renewed at current market rates.
Slide 16: Rent Growth Case Study
Rent Growth Case Study 2 A Inland L= Je Real Estate Income Trust, Inc. re ¢« Anational discount retailer at a multi-tenant retail center owned by Inland Income Trust signed a new lease at a 5.26% higher rental rate than it previously had. ¢ Inland Income Trust will not need to fund tenant improvemen
Slide 17: Top Tenants
Top 10 Tenants 2 og 2 @ |& wmax | zeman Dick’s Sporting Goods Kroger 3.7% of ABR* 3.5% of ABR* T.J.Maxx/HomeGoods/ PetSmart Marshalls 2.7% of ABR* 3.1% of ABR* H zoss OB ua DRESS FOR LESS Lr 0 «xones Albertsons Ross Dress for Less Ulta Albertsons/Jewel/Shaws Kohl’s 2.5% of ABR* 2.3% of ABR* 2.2% of
Slide 18: Capturing Value Through NOI Growth
Capturing Value Through NOI Growth Forecasted NOI Growth Rates, Multi-Tenant Retail 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 2017 2018 2019 2020 2021 m@ Multi-Tenant Retail NOI Growth* 2.50% 2.70% 2.40% 2.30% 2.20% CPI Forecast** 2.40% 2.30% 2.30% 2.40% 2.40% *Source: Green Street Advisors Source:
Slide 19: David Z. Lichterman
David Z. Lichterman Vice President, Treasurer and Chief Accounting Officer
Slide 20: Financial Highlights
Financial Highlights Inland Real Estate Income Trust, Inc. inland-investments.com March 31, 2017 March 31, 2016 (in thousands) (in thousands) Total Assets: $1,393,466 $1,334,369 Stockholders’ Equity: $644,912 $672,605 Distributions Paid: $13,070 $12,910 Cash Flow Provided by Operations: $17,139 $4,6
Slide 21: FFO and MFFO for the three months ended March 31, 2017
Inland Income Trust’s FFO and MFFO for the three months ended March 31, 2017 and 2016, calculated on page 30 of the Form 10-Q, are as follows: 3 Months Ended 3/31/17 3 Months Ended 3/31/16 (in thousands) in thousands} GAAP Net loss $(1,804) $(4,241) Add: Depreciation and amortization related to inve
Slide 22: Same Store Net Operating Income (NOI)
Same Store Net Operating Income (NOI) quinwsans 3 Months Ended 3/31/2017 3 Months Ended 3/31/2016 Rental income $21,677 $21,828 Tenant recovery income $6,610 $6,661 Other property income. $58 $85 Total income $28,345 $28,574 $(229) Property operating expenses $5,025 $4,904 Real estate taxes $3,889 $
Slide 23: Debt Profile and Maturities
Debt Profile and Maturities 31, 2016 thousands) jusands) Mortgage Loans Payable (excludes unamortized fair value adjustment $576,792 $529,766 related to assumed debt): Credit Facility Payable: $74,500 $15,000 Ratio of Total Mortgage Loans and Credit Facility Payable to Total Assets: 46.6% 40.8% Annu
Inland Real Estate Income Trust — Shareholder Meeting (June 2017) on 6ix