Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Inland American Real Estate Trust — NAREIT REITWeek 2010
26 slides from Inventrust Properties's conference presentation, Jun 9, 2010
Slide 1: Inland American Real Estate Trust, Inc. NAREIT REITWeek 2010
Inland American Real Estate Trust, Inc. NAREIT REITWeek 2010 Inland American js js www.inland-american.com June 9, 2010
Slide 2: Forward Looking Statements
Forward Looking Statements This presentation may contain forward-looking staternents, Forwarchlooking staternents are statements thatare not histor cal,induding statements regarding managements intentions, beliefs, expectations, representations, plans or predictions ofthe future, andre typically ide
Slide 3: Inland American Diversity of Portfolio
Inland American Diversity of Portfolio * Owns a diverse portfolio of core commercial real estate including: o Retail o Lodging © Office o Industrial and Public Properties o Multi-Family/Student Housing © Investments in joint ventures, development projects, real estate loans and marketable securities
Slide 4: Strategy
Strategy Generate Sustainable and Predictable Cash Flow to Distribute * Cash flow from operations (properties), marketable securities, notes receivable and joint venture investments are where the cash flow comes from to pay our dividend * Continue to lease space at more favorable rental rates than p
Slide 5: Strategy (cont.)
Strategy (cont.) Maximize Long-Term Stockholder Value * Invest in real estate assets that produce attractive current yields and long-term adjusted returns * Focus on preservation of capital * Manage debt maturities and leverage ratios * Maintain strong cash position
Slide 6: A Diverse Strategy Balances Risk Exposure
A Diverse Strategy Balances Risk Exposure As of March 31, 2010, Investment Allocation - $11.7B* Core Assets — 83% Retail — 38% Lodging — 25% Office -— 19% Industrial — 10% Multi-Family — 8% Total Assets $11.78 Joint Ventures — 4% Development — 2%/" Notes Receivable — 4% \ Cash & Other Assets — 5% Ma
Slide 7: Current Portfolio by Square Feet
Current Portfolio —by Square Feet + 975 properties * 55.2 million square feet * 10,153 multi-family units ¢ 14,856 lodging rooms Multi-Famil: Industrial Office Lodging Retail 28 Properties 72 Properties 48 Properties 97 Properties 730 Properties 8 States 20 States + Dist, of Col. 18 States 23 States
Slide 8: Top Tenants: 74% Are Investment Grade
Top 10 Tenants: 74% Are Investment Grade Sorted by Annualized Base Rent As of March 31, 2010, Tenant Name TYP annualized income Total SF SunTrust Banks BBB+ Retail/Office 8.7% 4.1% AT&T, Inc. A Office 7.2% 6.4% RBS Citizens, NA A- Retail 3.0% 1.6% Sanofi-Aventis U.S. Inc. AA- Office 2.6% 1.3% United
Slide 9: Retail Portfolio
Retail Portfolio = “amee"* +32 States + Dist. of Columbia copa aon Core Property Allocation Retail Portfolio Overview © 92% Occupangy (economic) Lodging 069 6 of the portfolio is anchored by necessity-based $2.4B retailers (grocer, drug, etc.) 25% © 65% of the portfolio is multi-tenant, 35% is singl
Slide 10: Necessity Based Retail Centers
Necessity Based Retail Centers Alcoa Exchange q Inland American
Slide 11: Power Based Retail Centers
Power Based Retail Centers | Missouri City, Washington Park Plaza Homewood, IL iM Dothan Pavilion Dothan, AL Poplin Place Salisbury, MD Inland American
Slide 12: Industrial Portfolio
. . +72P i i Industrial Portfolio ‘tsosr +20 States + Dist. of Col. ‘As of March 31, 2010, Core Property Allocation Industrial Portfolio Overview * 95% Occupancy (economic) Lodging . © 9796 of the portfolio is leased by single tenants with $2.4B } Retail 2596 Soe $3.6B long-term stable rents 38% ¢ 5
Slide 13: Home Depot Rapid Deployment Center
Home Depot Rapid Deployment Center Macalla, AL nland American 43
Slide 14: Thermo Process Center
Thermo Process Center Sugarland, TX
Slide 15: Office Portfolio
Office Portfolio “toa +18 States As of March 31, 2010, Core Property Allocation Office Portfolio Overview * 95% Occupancy (economic) Lodging Retail © 72% of the portfolio is occupied by single tenants with $3.6B long-term stable rents 38% * 819 of the portfolio’s tenants are investment-grade rated o
Slide 16: Worldgate Plaza
Worldgate Plaza Herndon, VA Li LoRan ci \4 \ q Inland American
Slide 17: AT&T Center
AT&T Center St. Louis, MO
Slide 18: Multi-Family Portfolio
+28 Properties Multi-Family Portfolio 10,163 Units (Includes Student Housing) +8 States Core Property Allocation Multi-Family Portfolio Overview © 86% Occupangy (econamic, including student housing) As of March 31, 2010, Lodging etal © Expanded multi-family investments from 256 units to $748 $3.6B 1
Slide 19: The Landings
The Landings Webster, TX 49
Slide 20: The Radian (Student Housing)
The Radian (Student Housing) Philadelphia, PA H Inland American 20
Slide 21: Lodging Portfolio
+97 Properties + 14,856 Rooms Lodging Portfolio +23 States and District of Columbia As of March 31, 2010 Core Property Allocation odging Portfolio Overview Lodging $2.4B . EM Retail $3.6B 38% Industrial Office $972M $1.88 10% q Inland American © 65% Average Occupancy * 48% of the portfolio is brande
Slide 22: Hyatt Regency Orange County
Hyatt Regency Orange County Anaheim, CA
Slide 23: Marriott Woodlands Hotel and Convention Center
Marriott Woodlands Hotel and Convention Center The Woodlands, TX td a ie ta ait aa baie iar — a -
Slide 24: Manageable Debt Maturities
Manageable Debt Maturities) S6B S5B $4B $3B $2B $1B so CC | a a ia 2011 2012 2013 Remaining Debt toAddress $834M $406M $737M Percentage of TotalAssets 7.16% 3.49% 6.33% 2014 $264M 2.26% 2015 $393M 3.37% Inland Am ee (1) Does nat include consolidated development debt. 24
Slide 25: Consolidated Financial Highlights
Consolidated Financial Highlights Year Ended Three Months Ended 12/31/09 3/31/10 Total Consolidated Assets $11.3B $11.7B Stockholder’s Equity $5.6B $5.6B Total Income $1.1B §293M Distributions Declared $408.1M $103M Mortgages Payable $5.1B $5.5B Ratio of Total Mortgage Debt to Total Assets 45% 47% W
Slide 26: Significant Accomplishments
Significant Accomplishments H Total Income $1.2B including interest and dividends Distribution per share $.50 cents for the year ($405M) Addressed virtually all of 2010 debt maturities, having retired, refinanced, or secured new financing for approximately $684 million We selectively acquired approx
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