Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q3 2017 Earnings Presentation
21 slides from Inland Real Estate Income Tr's earnings presentation, Dec 15, 2017
Slide 1: 2017 Q3 Results Webcast
Inland Real Estate Income Trust, Inc. 2017 Q3 Results Webcast Friday, December 15, 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 NORA 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 turnover; inflation a
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 Q3 Portfolio Highlights
2017 Q3 Portfolio Highlights 59 Properties 24 States 6.9 Million square feet 742 Tenants 94.9% 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
Slide 7: Diversified Geographic Footprint
Diversified Geographic Footprint ‘Inland le Real Estate Income Trust, Inc. SEE @ East @ West South ®@ Midwest Location
Slide 8: 2017 Q3 Portfolio Highlights
2017 Q3 Portfolio Highlights tam DICK’S : 3. TANCE 3.3% 4. PETSMART 5. I@OSS 2.7% 2.5%
Slide 9: 2017 Q3 Portfolio Highlights
2017 Q3 Portfolio Highlights pos GO eo ee % Visit Stores and Restaurants! Montessori December 16, 2017 gparent! 10:00 am - 1:00 pm SMALL BUSINESS | NOV | SATURDAY|25 #SHOPSMALL AND SHOW LOVE AT MARKETPLACE AT TECH CENTE STD. _
Slide 10: Retail & Economic Overview
Retail & Economic Overview ‘Inland je Real Estate Income 4 Se] Gross Domestic Product (GDP) increased at a 3% annual rate . in Q3 20171 Se , Unemployment rate as is at a 17-year-low of 4.1%? h Consumer confidence is ata 17-year high® 1 WSJ. Vol. CCLXX No. 101. “U.S. Economy Picks Up Steam” 2 https:/
Slide 11: Retail Apocalypse? Think Again.
Retail Apocalypse? Think Again. % Net Opening Stores vs Net Closing Superstores WH Clubs Convenience Stores Mass Merchandisers Specialty Softgoods For each company Specialty Hardgoods closing stores Drug Stores 2 7 Food / Grocery : Fast Food are opening stores Bar / Restaurants Se NI Department Stor
Slide 12: Consolidated Financial Highlights
Consolidated Financial Highlights : Inland je Real Estate Income Trust, Inc. inland-investments.com September 30,2017 Septembe (in thousands) (in thousands) Total Assets: $1,390,904 $1,371,182 Stockholders’ Equity: $613,900 $650,712 Distributions Paid: $39,989 $39,235 Cash Flow Provided by Operation
Slide 13: 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 September 30, 2017 $400 $356.2 (in millions) m Mortgage Loans $200 Payable $152.7 = Credit Facility Payable $84.3 67.3 $6.3 $15.5 $0.9 | | $0 }—— _—_ r r
Slide 14: Same Store Net Operating Income (NOI) - 3 Months
Same Store Net Operating Income (NOI) 4 3 Months H Inla Je Real Estate Income Trust, Inc. S$ ines Stone ended Sone Se Rental income $22,712 $22,736 Tenant recovery income $7,051 $6,285 Other property income $178 $736 Total income $29,941 $29,757 $184 Property operating expenses $5,077 $5,027 Real es
Slide 15: Same Store Net Operating Income (NOI) - 9 Months
Inla Real Estate Income Trust, Inc. 9 Months Same Store Net Operating Income (NOI) | inhoseant Stone ended 2 onte Se Rental income $65,047 $65,335 Tenant recovery income $20,146 $19,073 Other property income $349 $908 Total income $85,542 $85,316 $226 Property operating expenses $14,661 $14,682 Real
Slide 16: Strategic Initiatives
Strategic Initiatives e te Income Trust, Sa | 1-for-2.5 reverse Move from monthly to Engagement of stock split quarterly distributions investment bank
Slide 17: Questions?
Questions?
Slide 18: Appendix
Appendix
Slide 19: Non-GAAP Reconciliation
Non-GAAP Reconciliation FFO and MFFO 9 Months 9 Months Ended 9/30/17 Ended 9/30/16 {in thousands) {in thousands) GAAP Net loss $(8,291) $(7,502) Add: Depreciation and amortization related to investment properties 46.391 45.158 Funds from operations (FFO) $38,100 $37,656 Add: Acquisition related cost
Slide 20: 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 21: Results of Operations (9 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 nine months ended September 30, 2017 and 2016. “Non-same store" consists of prop
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