Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Inland American Real Estate Trust — Shareholder Meeting (August 2010)
21 slides from Inventrust Properties's shareholder meeting presentation, Aug 24, 2010
Slide 1: Annual Stockholders Meeting
nland American Annual Stockholders Meeting August 24, 2010
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain farwantlooking statements, Forwarch baling statenentsare Satenents that are not historical, including Statements regarding managenent’s intentions, bles, ‘expectations, representations, plans or predictions ofthe future, ancl re typically iden
Slide 3: Agenda
Agenda 1. Call to Order and Opening Remarks 2. Report of Quorum and Presentation of the Affidavit of Mailing of Proxy Solicitation 3. Proxy Vote 4. Financial Overview and Strategy 5. Report of the Vote 6. Closing Remarks
Slide 4: Directors and Executive Officers
Directors and Executive Officers P Robert D. Parks, Chairman and Director J. Michael Borden, Independent Director Thomas F. Glavin, Independent Director David Mahon, Independent Director Thomas F. Meagher, Independent Director Paula Saban, Independent Director William J. Wierzbicki, Independent Dire
Slide 5: Financial Overview and Strategy
Slide 6: Strategy
Strategy = Diversified real estate portfolio balances risk exposure = Conservative balance sheet management = Maximize long-term stockholder value
Slide 7: Diversified Real Estate Portfolio Balances Risk Exposure
Diversified Real Estate Portfolio Balances Risk Exposure Asef 6/0/2070 Core assets in several real estate sectors nationwide Investment Allocation - $11.7B* = Investments in joint ventures, developments, loans and marketable securities designed to enhance core stabilized yield || Core Assets ~ 84% m
Slide 8: Conservative Balance Sheet Management
Conservative Balance Sheet Management = Manageable debt maturities & unencumbered assets = Low leveraged buyer = Total mortgage loans to total assets at 12/31/2009 = 45% = Total mortgage loans to total assets at 6/30/2010 = 48% = No corporate level debt — individual loans on each property limits ris
Slide 9: Maximize Long-Term Stockholder Value
Maximize Long - Term Stockholder Value = Investin real estate assets that produce attractive current yields and long term risk-adjusted returns = Generate sustainable and predictable cash flow from our operations = Focus on preservation of capital
Slide 10: Current Portfolio - States - Properties
Current Portfolio - 35 States - 980 Properties As of 6/30/2010 Multi-Family Industrial Office Lodging Retail 28 Properties 72 Properties 48 Properties 99 Properties 733 Properties 8 States 20 States + Dist. of Col. 18 States 25 States + Dist. of Col. 32 States + Dist. of Col. 10,154 Units 15.9M Squa
Slide 11: Top Ten Tenants — 74% are Investment Grade
Top Ten Tenants — 74% are Investment Grade Asof 6/30/2020 % of Total Annualized % of Tenant Name Rating** Type Income Total SF SunTrust Banks BBB+ Retail/Office 8.6% 4.0% AT&T, Inc. A Office 7.1% 6.3% RBS Citizens, NA AS Retail 2.9% 1.6% Sanofi-Aventis U.S. Inc. AA- Office 2.5% 1.3% United Healthcar
Slide 12: Retail Comprises 38% of Core Portfolio
Retail Comprises 38% of Core Portfolio Asof 6/0/2010 Core Property Allocation Retail Property Overview "Bigrecnlada bank bravcha Lodging $2.5B 25% Multi-Family $786M 8% Office $1.8B Industrial 19% $963M 10% 733 Prope 1.6M SF - 32 States + Di of Columbia 93% Occupancy (economic) 69% of the portfolio
Slide 13: Industrial Comprises 10% of Core Portfolio
Industrial Comprises 10% of Core Portfolio As of /30/20%0 Core Property Allocation Industrial Property Overview — Retail ogg > {5.8 mM 95% Occupancy (economic) 25% 4 ™ 97% of the portfolio is leased by ingle tenants with long-term stable rents ™ 64% of the portfolio’s tenants are investment grade ra
Slide 14: Office Comprises 19% of Core Portfolio
Office Comprises 19% of Core Portfolio Asof 6fo/20%0 Core Property Allocation Office Property Overview Retail 48 Proper .5M SF - 48 States Lodging $3.8B @ 95% Occupancy (economic) 2.58 9 @ = 72% of the portfolio is occupied by single tenants 38% Pp Pl y¥ sing} 25% with long-term stable rents ™ = 70%
Slide 15: Multi-Family Comprises 8% of Core Portfolio
Multi-Family Comprises 8% of Core Portfolio Asef Gro/00 Core Property Allocation Multi-Family Property Overview Retail $3.8B m@ 87% Occupancy (economic, including student housing) 38% Expanded multi-family investments from 256 units to 10,154 from 2006 to 2010 ™@ 64% of units are located in Houston
Slide 16: Lodging Comprises 25% of Core Portfolio
Lodging Comprises 254 of Core Portfolio Asef Gro/00 Core Property Allocation Lodging Property Overview 99 Properties -15,146 Rooms - 25 States + of Columbia Retail Lodging $2.5B 25% $3.88 m 69% Average Occupancy 38% m™ 48% of the portfolio is branded by Marriott, 40% is branded by Hilton ™ 40% of th
Slide 17: Financial Highlights
Financial Highlights Consolidated Financial Highlights As of and for As of and for YearEnded Six Months Ended 12/31/2009 6/30/2010 Total Consolidated Assets $11.3B $11.7B Stockholders’ Equity $5.6B $5.5B Total Income $1.1B $613M Distributions Declared $405.3M $207.5M Mortgage Payable $5.1B $5.6B Rat
Slide 18: Manageable Debt Maturities
Manageable Debt Maturities’ $68 $58 $48 $38 $28 «| fa $0 2011 2012 2013 2014 2015 $813M $468M $804M $281M $455M Percentage of Total Assets "6.95% 4.00% 6.87% 2.40% 3.89% a "AI AERTS GB alte ead
Slide 19: 2009 Schedule of Fees and Expenses
2009 Schedule of Fees and Expenses To Affliates of Our Sponsor* Amount omment: Business Management Fee $39,000,000 Upto 1% of Average Invested Assets Offering Costs 425,660,000 Offering total of $828, 434,000 was Equal to 10% of Gross Proceeds (15% Allowed), Offering is Now Complete Investment Advis
Slide 20: Who You Invest With Is Everything
WHO YOU INVEST WITH IS EVERYTHING
Slide 21: Annual Stockholders Meeting
nland American Annual Stockholders Meeting August 24, 2010
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