Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q3 2016 Earnings Presentation
19 slides from Inland Real Estate Income Tr's earnings presentation, Nov 29, 2016
Slide 1: 2016 Q3 Results Webcast
inland - investments.com 1 Inland Real Estate Income Trust, Inc. THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY SECURITY. 2016 Q3 Results Webcast Tuesday, November 29, 2016 • 2:00 pm CT Audio is available via webcast – dial in number not required. i nland - investments.co
Slide 2: Disclaimer
inland - investments.com 2 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 , which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers au
Slide 3: Risk Factors
inland - investments.com 3 Risk Factors Some of the risks related to investing in commercial real estate include, but are not limited to: market risks such as local pro perty supply and demand conditions; tenants’ inability to pay rent; tenant turnover; inflation and other increases in operating cos
Slide 4: Forward-Looking Statements
inland - investments.com 4 Forward - Looking Statements In addition to historical information, this webcast contains "forward - looking statements" made under the "safe harbor" provision s of the Private Securities Litigation Reform Act of 1995. The statements may be identified by terminology such a
Slide 5: On Today's Call
inland - investments.com On Today’s Call 5 Mitchell Sabshon Chief Executive Officer JoAnn McGuinness President and Chief Operating Officer David Lichterman Vice President, Chief Accounting Officer & Treasurer
Slide 6: Portfolio statistics as of September 2016
inland - investments.com 6 As of September 30 , 2016 Total Number of Properties: 56 Total Square Feet: 6,345,537 Number of States: 23 Economic Occupancy: 95.3% Physical Occupancy: 94.7% Number of Tenants: 703 Annualized Distribution Rate: 6.65% Until April 7 , 2016 , distributions were equal to a 6
Slide 7: Grocery-Anchored, Multi-Tenant Retail
inland - investments.com 7 Grocery - Anchored, Multi - Tenant Retail 80% of our portfolio is anchored or shadow - anchored by a grocer
Slide 8: Geographic Footprint
inland - investments.com 8 Geographic Footprint Our properties are geographically diverse and well - located
Slide 9: Featured Property: Coastal North Town Center
inland - investments.com Featured Property 9 Coastal North Town Center North Myrtle Beach, South Carolina Coastal North Town Center North Myrtle Beach, South Carolina Transaction Date: April 22, 2016 Gross Transaction Price: $72.8 Million Leasable Area: 304,665 SF Portfolio Sector: Retail Tenants: ▪
Slide 10: Featured Property: Marketplace at Tech Center
inland - investments.com Featured Property 10 Marketplace at Tech Center Newport News, Virginia Marketplace at Tech Center Newport News, Virginia Transaction Date: December 24, 2015 Gross Transaction Price: $79.1 Million, including earnouts Leasable Area: 210,585 SF Portfolio Sector: Retail Tenants:
Slide 11: Holiday Retail Sales Forecast
inland - investments.com 11 Holiday Retail Sales Forecast 2016 holiday sales are expected to increase by 3.6 percent* * National Retail Federation
Slide 12: Stores are Just Good Business
inland - investments.com 12 Stores are Just Good Business The basics of retailing remain the same
Slide 13: Top Tenants
inland - investments.com 13 Top 10 Tenants Dick’s Sporting Goods 6 Leases | 3.9% of ABR* Kroger 3 Leases | 3.3% of ABR* T.J.Maxx/HomeGoods/ Marshalls 12 Leases | 3.2% of ABR* PetSmart 9 Leases | 2.8% of ABR* LA Fitness 2 Leases | 2.0% of ABR* Giant Eagle 1 Lease | 2.0% of ABR* *Annualized Base Rent
Slide 14: Capturing Value Through NOI Growth
inland - investments.com Capturing Value Through NOI Growth 14 2016 2017 2018 2019 2020 Multi-Tenant Retail NOI Growth* 3.10% 3.40% 3.20% 3.20% 2.90% CPI Forecast** 1.70% 2.40% 2.40% 2.40% 2.40% 0.00% 0.50% 1.00% 1.50% 2.00% 2.50% 3.00% 3.50% 4.00% Forecasted NOI Growth Rates, Multi - Tenant Retail
Slide 15: Consolidated Financial Highlights
inland - investments.com Consolidated Financial Highlights September 30, 2016 (in thousands) September 30,2015 (in thousands) Total Assets: $1,371,182 $1,130,747 Stockholders’ Equity: $650,712 $669 ,292 Distributions Paid: $39,235 $30,059 Cash Flow Provided by Operations: $30,228 $19,124 GAAP Net Lo
Slide 16: GAAP Reconciliation to FFO and MFFO
inland - investments.com 16 GAAP Reconciliation to FFO and MFFO inland - investments.com Nine Months Ended 9/30/16 (in thousands ) Nine Months Ended 9/30/15 (in thousands) GAAP Net loss $(7,502) $(4,385) Add: Depreciation and amortization related to investment properties 45,158 22,616 Funds from ope
Slide 17: Mortgages and Credit Facility Payable
inland - investments.com Mortgages and Credit Facility Payable 17 September 30, 2016 (in thousands) September 30, 2015 (in thousands) Mortgages Payable (excludes unamortized fair value adjustment related to assumed debt) : $574,482 $295,569 Credit Facility Payable: $35,000 $100,000 Ratio of Total Mo
Slide 18: Retail Overview
inlantail Overview • Economic trends: ̶ 161,000 jobs were added in October and the unemployment rate dipped to 4.9% 1 ̶ Personal income increased by $46.7 billion or 0.3% in September 2 ̶ GDP increased 2.9% in 2016 Q3 3 ̶ Consumer confidence rose in September to its highest level in 9 years , a sign
Slide 19: Questions?
inland - investments.com Questions?
Inland Real Estate Income Trust — Q3 2016 Earnings Presentation on 6ix