Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Shareholder Meeting (December 2021)
19 slides from Inland Real Estate Income Tr's shareholder meeting presentation, Dec 2, 2021
Slide 1: 2021 Annual Stockholders Meeting
2021 ANNUAL STOCKHOLDERS MEETING DECEMBER 2, 2021 | 11:00 AM CST THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY. Exhibit 99.1
Slide 2: Disclaimer
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 that has been filed or registered with appropriate state and federal regulatory agencies and sold only by broker dealers and registered investment advisor
Slide 3: Risk Factors
RISK FACTORS We are subject to risks associated with a pandemic, epidemic or outbreak of a contagious disease, such as the ongoing global COVID-19 pandemic, including negative impacts on our tenants and their respective businesses, and we have agreed to defer a significant amount of rent owed to us,
Slide 4: Risk Factors
RISK FACTORS Our Business Manager is under no obligation, and may not agree, to forgo or defer its business management fee; If we fail to continue to qualify as a REIT, our operations and distributions to stockholders, if any, will be adversely affected; and The Company’s strategic plan may continue
Slide 5: Forward-Looking Statements
FORWARD-LOOKING STATEMENTS Certain statements in this presentation constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). The statements may be identified by terminology
Slide 6: Inland Income Trust Portfolio Overview
* Data as of September 30, 2021 44 Properties 21 States 94.6% Economic Occupancy 707 Tenants 6.48 Million Sq. Ft. INLAND INCOME TRUST PORTFOLIO OVERVIEW 6 | COMPANY UPDATE
Slide 7: Portfolio of 44 shopping centers in 21 states
As of September 30, 2021, our primarily grocery-anchored portfolio consisted of 44 shopping centers located in 21 states, totaling approximately 6.48 million square feet. Our centers are currently occupied by 707 tenants, and our economic occupancy of 94.6% highlights that our centers are well-locat
Slide 8: Top Tenants by Annualized Base Rent
TOP TENANTS By Annualized Base Rent As of September 30, 2021 3.7% 3.3% 2.2% 2.9% 2.5% 2.1% 2.0% 2.0% 7 | COMPANY UPDATE 2.2% 2.6%
Slide 9: Third quarter 2021 operational performance and top tenants
Through the third quarter, 2021 has been a year of solid operational performance. As of September 30, 2021, our geographic footprint based on annualized base rent, or ABR, is diversified across the United States. 13% of our properties are in the west, 28% in the south, 35% in the midwest, and 24% in
Slide 10: Long-Term Plan
LONG-TERM PLAN* Move toward a liquidity event, market conditions permitting, potentially through a listing on a public securities exchange * There can be no assurance that the Company’s long-term plan will not evolve or change over time or that the Company will be able to successfully implement the
Slide 11: Strategic plan approved by the board in February 2019
The Inland Income Trust board of directors approved a strategic plan in February 2019, with the goals of providing future liquidity to investors and creating long-term stockholder value. In May 2020, we announced that because of the impact of COVID-19 and potential future impacts that we may choose
Slide 12: Retail Market Update
RETAIL MARKET UPDATE Shoppers remained active at the end of summer 2021 with a boost from back-to-school sales1 Core retail sales increased by 0.7% in September, with an overall gain in core retail sales of 13.5% since September 20202 Total retail foot traffic is up 16% YOY2 Grocery stores have regi
Slide 13: Consumers remained active through summer 2021
Consumers remained active through the summer 2021, with a boost in retail sales from back-to-school buying as children across the country prepared to re-enter the classroom.1 Core retail sales increased by 0.7% in September, with an overall gain in core retail sales of 13.5% since September 2020.2 Y
Slide 14: Consolidated Financial Highlights
CONSOLIDATED FINANCIAL HIGHLIGHTS A complete reconciliation of our net income (loss) to modified funds from operations can be found on page 34 of the Inland Real Estate Income Trust, Inc. Form 10-Q for the quarterly period ended September 30, 2021. 10 | COMPANY UPDATE
Slide 15: Total assets, equity, distributions and FFO
Total assets as of September 30, 2021 were approximately $1.14 billion, which is comparable to September 30, 2020. Stockholders’ equity as of September 30, 2021 was approximately $438 million, again, comparable to the prior year. No distributions were paid during the majority of 2020 and the first s
Slide 16: Debt Maturity Schedule
DEBT MATURITY SCHEDULE Maturities of Mortgage Loans and Credit Facility Payable (in millions) $6.3 $77.4 $137.4 $101.5 Data as of September 30, 2021 $129 $150 11 | COMPANY UPDATE
Slide 17: Outstanding mortgage loans and credit facility
As of September 30, 2021, Inland Income Trust had outstanding mortgage loans comprised of both fixed and floating-rate debt and borrowings on our credit facility totaling approximately $603.6 million with a weighted average interest rate of 3.41%. The weighted average years to maturity for the Compa
Slide 18: Same Store NOI
SAME STORE NOI Please refer to the Results of Operations (9 Months) reconciliation table on page 32 of Inland Income Trust’s Form 10-Q for the period ended September 30, 2021. 12 | COMPANY UPDATE
Slide 19: Same store NOI and total property NOI
Net operating income, or NOI, realized from properties that we have owned and operated for the entire periods presented are referred to as “same store NOI”. A total of 44 investment properties that were acquired on or before January 1, 2020 represent our “same store” properties during the nine month
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