Inventrust Properties Corp. · NYSE:IVT
Inventrust Properties — Inland American Real Estate Trust — Q3 2010 Earnings Presentation
32 slides from Inventrust Properties's earnings presentation, Dec 6, 2010
Slide 1: Inland American Third Quarter 2010 Update
Inland American Third Quarter 2010 Update December 6, 2010 Inland American A Program Sponsored by Inland Real Estate Investment Corpor: The Track Record Compa
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation may contin forward-looking statements. Forwanl4ocking statements are statements that are nat historical, including statenents regarding management’ intentions, belies, expectations, representations, plans or predictions ofthe future, and are typically den
Slide 3: Overview
Overview = Diversified portfolio in asset classes and geography of core “best-in-class” commercial real estate including: = Retail = Lodging = Office = Multi-Family/Student Housing = Industrial = As of 9/30/2010 owned 981 properties, including joint ventures = 48.1 million square feet of Retail, Off
Slide 4: Strategy
Strategy = Diversified real estate portfolio balances risk exposure = Conservative balance sheet management = Maximize long-term stockholder value fl Inland American
Slide 5: Diversified Real Estate Portfolio Balances Risk Exposure
Diversified Real Estate Portfolio Balances Risk Exposure As af 9/30/2010 Investment Allocation - $11.6B Core Assets - 85% Retail - 39% Lodging - 25% Office - 17% Industrial - 10% Multi-Family - 9% Notes Receivable 3% Joint Ventures A% Marketable Securities 2% Cash & Other Assets 4% Development 2%
Slide 6: Conservative Balance Sheet
Conservative Balance Sheet = Manageable debt maturities & unencumbered assets = Low leverage buyer = Total mortgage loans to total assets at 9/30/2010 = 49% = No corporate level debt — individual loans on each property limits risk nland American
Slide 7: Maximize Long-Term Stockholder Value
Maximize Long—Term Stockholder Value = Invest in assets that produce: = Attractive current yields = Long term risk-adjusted returns = Generate sustainable and predictable cash flow from our operations = Focus on preserving our capital Inland American
Slide 8: Current Portfolio — States — Properties
Current Portfolio — 37 States — 981 Properties As of 9/30/2010 Retail Lodging Office Multi-Family Industrial 733 Properties 99 Properties 48 Properties 29 Properties 72 Properties 32 States +DC 25 States + DC 18 States 10 States 20 States + DC 21.6M Sq. Ft 15,384 Rooms 10.5M Sq. Ft. 10,547 Units 16.
Slide 9: Top Ten Tenants — 75% are Rated Investment Grade
Top Ten Tenants — 75% are Rated Investment Grade As of 9/30/2010 % of Total Annualized % of Tenant Name Rating* Type Income Total SF SunTrust Banks BBB+ Retail/Office 85% 4.0% ATST, Inc. A Office 7.0% 6.3% RBS Citizens, NA A- Retail 2.9% 1.6% Sanofi-Aventis U.S. Inc. AA- Office 25% 1.3% United Healt
Slide 10: Retail Comprises 39% of Core Portfolio
Retail Comprises 39% of Core Portfolio 733 Properties - 21.6M SF - 32 States + District of Columbia Retail $3.8B 39% | Inland American As af 9/30/2010 je Re ine. 40
Slide 11: Retail Comprises 39% of Core Portfolio
Retail Comprises 39% of Core Portfolio Retail Portfolio Performance 93% Occupancy (economic) 61% of the portfolio is anchored by necessity-based retailers (grocery, drug, etc.) 70% of the portfolio is multi-tenant About 20% of the portfolio is located in Texas which has demonstrated economic resilie
Slide 12: Necessity Based Retail Centers
Necessity Based Retail Centers — 7 a. Ea b Paradise Shoppes of Largo Largo, FL Newnan, GA Alcoa Exchange Bryant, AR The Highlands Inland American
Slide 13: Power Based Retail Centers
Power Based Retail Centers ington Park Plaza Homewood, IL Dothan Pavilion Dothan, AL Poplin Place Monroe, NC Lord Salisbury Center Inland American
Slide 14: Lodging Comprises 25% of Core Portfolio
Lodging Comprises 25% of Core Portfolio Lodging Inland American $2.4B As af 9/30/2010 wwe. 25% 14
Slide 15: Lodging Comprises 25% of Core Portfolio
Lodging Comprises 25% of Core Portfolio Mm 70% average occupancy / U.S. average occupancy = 59%* m@ 51% of the portfolio is branded by Marriott, 37% by Hilton ™@ 64% of the portfolio are upscale service hotels such as Hilton Garden Inn & Courtyard by Marriott $150 $117 $129 $115 $113 $100 §79 See $7
Slide 16: Hyatt Regency Orange County
Hyatt Regency Orange County
Slide 17: Marriott Woodlands Hotel and Convention Center
Marriott Woodlands Hotel and Convention Center a iach al” a wl al at I'd ‘air _ a =_ The Woodlands, TX
Slide 18: Office Comprises 17% of Core Portfolio
Office Comprises 17% of Core Portfolio 48 Properties - 10.5 Million SF - 18 States comcast. Lodging ™ As of 9/30/2010 | Inland American -
Slide 19: Office Comprises 17% of Core Portfolio
Office Comprises 17% of Core Portfolio Office Portfolio Performance M@ 95% Occupancy (economic) ™@ 72% of the portfolio is occupied by single tenants with long-term stable rents ™@ 69% of the portfolio’s tenants are investment grade rated*, or report revenue exceeding $1.0 billion 10.0% Lease Expira
Slide 20: Worldgate Plaza
Worldgate Plaza 20 Herndon, VA
Slide 21: AT&T Center
AT&T Center Pa St Louis, MO nland American
Slide 22: Industrial Comprises 10% of Core Portfolio
Industrial Comprises 10% of Core Portfolio 72 Properties illion SF - 20 States + DC Industrial As af 9/30/2010 fl Inland American
Slide 23: Industrial Comprises 10% of Core Portfolio
Industrial Comprises 10% of Core Portfolio Industrial Portfolio Performance M@ 95% Occupancy (economic) ™@ 97% of the portfolio is occupied by single tenants with long-term stable rents ™@ 64% of the portfolio’s tenants are investment grade rated*, or serve necessity-based consumer needs 15.0% Lease
Slide 24: Home Depot Rapid Deployment Center
Home Depot Rapid Deployment Center : = — Home : Macatla, AL nland American wwe. 24
Slide 25: Thermo Process Center
Thermo Process Center f Inland American
Slide 26: Multi-Family Comprises 9% of Core Portfolio
Multi-Family Comprises 9% of Core Portfolio 29 Properties - 10,547 Units - 8 States Multi-Family | $877M 9% As of 9/30/2010
Slide 27: Multi-Family Comprises 9% of Core Portfolio
Multi-Family” Comprises 9% of Core Portfolio Multi-Family Portfolio Performance ™@ 89% Occupancy (average economic) m@ Expanded investment from 256 units in 2006 to 10,547 units in 2010 @ About 65% of units are located in metro area of Houston & Oklahoma City $120 $100 $80 $60 $40 $20 $0 Inland Amer
Slide 28: The Landings
The Landings Inland American Webster, TX 28
Slide 29: The Radian (Student Housing)
The Radian (Student Housing) Inland America Philadelphia, PA 29
Slide 30: Consolidated Financial Highlights
Consolidated Financial Highlights Total Consolidated Assets Stockholders’ Equity Total Revenue Distributions Declared Mortgage Payable Ratio of Total Mortgage Loans to Total Assets Weighted Average Interest Rate (per annum) : . Inland American Nine Months Ended Year Ended 9/30/2010 12/31/2009 $11.6B
Slide 31: Debt Maturities
$2,000 $1,500 $1,000 $500 $0 Percentage of Total Assets Inland American Je REAL ESTATE TRUST, INC. $966 $472 $455 Ll Ea a 2012 2013 2014 2015 6.1% 4.1% 8.3% 2.8% 3.9% JAll 2010 debt maturities effectively addressed aL
Slide 32: Question & Answer Session
Question & Answer Session fl Inland American A Program Sponsored by Inland Real Estate Investment Corporation The Track Record Compan
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