Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q1 2017 Earnings Presentation
19 slides from Inland Real Estate Income Tr's earnings presentation, May 25, 2017
Slide 1: 2017 Q1 Results Webcast
‘Inland Real Estate Income Trust, Inc. Inland Real Estate Income Trust, Inc. 2017 Q1 Results Webcast Thursday, May 25, 2017 * 2:00 pm CT Audio is available via webcast — dial in number not required. > inland-investments.com THIS IS NEITHER AN OFFER TO SELL NOR A SOLICITATION OF AN OFFER TO BUY ANY S
Slide 2: Disclaimer
Disclaimer inland-investments.com 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 and reg
Slide 3: Risk Factors
Risk Factors : Inland Real Estate Income Trust, Inc. inland-investments.com Some of the risks related to investing in commercial real estate include, but are not limited to: market risks such as local property supply and demand conditions; tenants’ inability to pay rent; tenant tumover; inflation an
Slide 4: Forward-Looking Statement
Forward-Looking Statement Real Estate Income Trust, Inc. inland-investments.com In addition to historical information, this webcast contains "forward-looking statements" made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995. The statements may be identified
Slide 5: On Today's Call
On Today’s Call je Real Estate Income Trust, Inc. eT Mitchell Sabshon Cathy Lynch David Lichterman President & Chief Executive Officer Chief Financial Officer Vice President, Chief Accounting Officer & Treasurer
Slide 6: Portfolio of Necessity-Based Retail
Portfolio of Necessity-Based Retail INLANDS; Inland Real Estate Income Trust, Inc. eT Marketplace at El Paseo Eastside Junction Fresno, CA Athens, AL Acquired October 2015 Acquired March 2015
Slide 7: The Headline Numbers
The Headline Numbers Re I Sa | By the Numbers as of March 31, 2017 57 (©) 23 6.7 Properties States Million Sq. Ft. 3) 735 95.4% Tenants Economic Occupancy* *Economic occupancy is defined as the percentage of total gross leasable area for which a tenant is obligated to pay rent under the terms of its
Slide 8: Geographic Footprint
Geographic Footprint “No Assets §0.3-6% M5.01-10% Based on annualized base rent as of March 31, 2017
Slide 9: 2017 New Acquisition
2017 New Acquisition Pentucket Shopping Center Plaistow, New Hampshire Transaction Date: April 3, 2017 Gross Transaction Price: $24.5 Million Leasable Area: 199,335 SF Portfolio Sector: Retail Tenants Include: = The Home Depot = Bed Bath & Beyond = Sally Beauty Supply = Sport Clips Pentucket Shoppin
Slide 10: 2017 New Acquisition
2017 New Acquisition land te Income Trust, Inc. eT Wilson Marketplace — Wilson, North Carolina Transaction Date: January 27, 2017 Gross Transaction Price: $41.7 Million Leasable Area: 311,030 SF Harris Teeter Grocery Store Belk Ross Dress for Less Best Buy Marshalls PetSmart Bed Bath & Beyond Tenant
Slide 11: Top Tenants
Top 10 Tenants SS INLANDS; 2 og 2 © 4 vmax | eguanr Dick’s Sporting Goods Kroger 3.7% of ABR* 3.5% of ABR* T.J.Maxx/HomeGoods/ PetSmart Marshalls 2.7% of ABR* 3.1% of ABR* H zoss OB ua DRESS FOR LESS Lr 6 «xonts Albertsons Ross Dress for Less Ulta Albertsons/Jewel/Shaws Kohl’s 2.5% of ABR* 2.3% of A
Slide 12: Retail In the News
Retail In the News ‘Inland Real Estate Income Trust, Inc. inland-investments.com Many big name department store closings and bankruptcies * Occurrences primarily in B & C shopping malls ¢ IREIT designed to be insulated from online competition * Portfolio is more than 80% grocery or grocery-shadow an
Slide 13: Capturing Value Through NOI Growth
Capturing Value Through NOI Growth Forecasted NOI Growth Rates, Multi-Tenant Retail 3.00% 2.50% 2.00% 1.50% 1.00% 0.50% 0.00% 2017 2018 2019 2020 2021 = Multi-Tenant Retail NOI Growth* 2.50% 2.70% 2.40% 2.30% 2.20% CPI Forecast** 2.40% 2.30% 2.30% 2.40% 2.40% *Source: Green Street Advisors *Source:
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlights Inland je Real Estate Income Trust, Inc. land-investments.com March 31, 2017 March 31, 2016 {in thousands) (in thousands) Total Assets: $1,393,466 $1,334,369 Stockholders’ Equity: $644,912 $672,605 Distributions Paid: $13,070 $12,910 Cash Flow Provided by Operations
Slide 15: GAAP Reconciliation to FFO and MFFO
GAAP Reconciliation to FFO and MFFO- Inland je Real Estate Income Trust, Inc. Sa | 3 Mo Ended 3/31/17 3 Months Ended 3/31/16 (in thousands) (in thousands) GAAP Net loss $(1,804) $(4,241) Add: Depreciation and amortization related to 14,585 16.085 investment properties — Funds from operations (FFO) $
Slide 16: Same Store Net Operating Income (NOI)
Same Store Net Operating Income (NOI) quinwsans 3 Months Ended 3/31/2017 3 Months Ended 3/31/2016 Rental income $21,677 $21,828 Tenant recovery income $6,610 $6,661 Other property income. $58 $85 Total income $28,345 $28,574 $(229) Property operating expenses $5,025 $4,904 Real estate taxes $3,889 $
Slide 17: Debt Profile and Maturities
Debt Profile and Maturities Inland je Real Estate Income Trust, Inc. inland-investments.com March 31, 2016 ands) Mortgage Loans Payable (excludes unamortized fair value adjustment $576,792 $529,766 related to assumed debt): Credit Facility Payable: $74,500 $15,000 Ratio of Total Mortgage Loans and C
Slide 18: Retail Market Overview
Retail Market Overview 3 ialelare 2 4 Z = J. Real Estate Income Trust, Inc. Sa | ¢ Economic trends: — U.S. added 211,000 jobs in April * — Unemployment rate fell to 4.4% in April 7 — Median weekly earnings up by 4.2% in Q1 2017 over Q1 2016 2 — Personal savings increased to $849.1 billion from $819.
Slide 19: Questions?
Questions?
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