Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q1 2016 Earnings Presentation
19 slides from Inland Real Estate Income Tr's earnings presentation, May 18, 2016
Slide 1: Inland Real Estate Income Trust 2016 Q1 Results Webcast
‘Inland eal Estate Income Trust, ne. Inland Real Estate Income Trust, Inc. 2016 Q1 Results Webcast Wednesday, May 18, 2016 + 2:00 pm CT Audio is available via webcast - dial in numbernot required. Se inland-investments.com
Slide 2: Disclaimer
Disclaimer Inland 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 the prospectus which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers
Slide 3: Risk Factors
Risk Factors Inland 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 turnover; inflation and other increases in operating c
Slide 4: Forward-Looking Statements
Forward-Looking Statements Inland 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 by terminology such as
Slide 5: On Today's Call
On Today's Call U2 5 Mitchell Sabshon JoAnn McGuinness David Lichterman Chief Executive Officer jef Accounting
Slide 6: Portfolio of Necessity Based Retail
Portfolio of Necessity Based Retail White City Shopping Center Shoppes at Prairie Ridge Shrewsbury, MA Pleasant Prairie, WI 2014
Slide 7: The Headline Numbers
The Headline Numbers As of March 31, 2016 Total Number of Properties: 54 Total Square Feet: 6,026,907 Number of States: 22 Economic Occupancy: 96.9% Physical Occupancy: 95.9% Number of Tenants: 665 Park Avenue Shopping Center Annualized Distribution Rate: 6.0% ‘ Little Rock, Arkansas The 6.0% annual
Slide 8: Geographic Footprint
Geographic Footprint
Slide 9: Acquisition Highlight
Acquisition Highlight Coastal North Town Center North Myrtle Beach, South Carolina April 22, 2016 Gross Transaction Price: $72.8 Million Leasable Area 304,745 SF Portfolio Sector: Retail Tenants: Publix Dick's Sporting Goods Ross Dress for Less TJ Maxx PetSmart Coastal North Town Center ULTA ra Tran
Slide 10: Acquisition Highlight
Acquisition Highlight Oquirrh Mount rketplace — Phase Il South Jordan, Transaction Date: April 22, 2016 Gross Transaction Price: $6.0 Million Leasable Area: 14,350 SF Portfolio Sector: Retail Tenants: = Men’s Wearhouse « Little Caesar's = H&R Block
Slide 11: Other Recent Acquisitions
Other Recent Acquisitions Property: Market: Acquisition Date: Acquisition Price: Leasable Area: Marketplace at Tech Center Newport News, Virginia December 24, 2015 $72.5 Million 210,584SF Acquisition Price: Leasable Area: Tenants: Tenants: Whole Foods, Stein Mart Property: The Village at Burlington
Slide 12: Top Tenants
Top 10 Tenants ‘op 10 Tenants as of March31, 201 eet % of ABR* Dick's Sporting Goods 5 3.5% Kroger 3 3.4% T.J.Maxx/HomeGoods/Marshalls 11 3.0% PetSmart 8 2.7% Albertsons/Jewel/Shaws 2 24% ULTA 9 2.3% Kohl's 4 2.2% Ross Dress for Less 7 2.1% *Annualized Base Rent LA Fitness 2 2.1% Giant Eagle 1 2.1%
Slide 13: Retailers' 2016 Expansion Plans
Retailers’ 2016 Expansion Plans 17% of retailers plan to open more than 40 stores in 2016 1% No Stores 17 40+ Stores \ 19 5% 31-40 Stores By \ 10% L aiosees~ Oa 6-10 Stores y 25% 23% / secre is
Slide 14: Capturing Value Through NOI Growth
Capturing Value Through NOI Growth Forecasted NOI Growth Rates, Multi-Tenant Retail 4.00% 3.50% 3.00% 2.50% = 2.00% | | | 1.50% 1.00% 0.50% 0.00% 2016 2017 2018 2019 2020 = Multi-Tenant Retail NOI Growth* 3.10% 3.40% 3.20% 3.20% 2.90% = CPI Forecast** 1.70% 240% 240% 240% 240% *Source: Green Street
Slide 15: Consolidated Financial Highlights
Consolidated Financial Highlights March 31, 2016 31,2015 {in thousands) {in thousands) Total Assets: $1,334,369 $784,178 Stockholders’ Equity: $672,605 $499,429 Distributions Paid: $12,910 $9,750 Cash Flow Provided by Operations: $4,661 $6,434 GAAP Net Loss: $(4,241) $(623) Funds from Operations (FF
Slide 16: FFO and MFFO Reconciliation
s Ended 3/31/163 Months Ended 3/31/15} (in thousands) (in thousands) GAAP Net loss $(4,241) $(623) Add: Depreciation and amortization related to 16.085 5,052 investment properties —_— _— Funds from operations (FFO) $11,884 $4,429 Add: Acquisition related costs 161 1,238 Amortization of acquired mark
Slide 17: Mortgages and Credit Facility Payable
Mortgages and Credit Facility Payable March 31, 2015 {in thousands) {in thousands) Mortgages Payable (excludes unamortized fair value adjustment related $529,766 $232,536 to assumed debt) Credit Facility Payable $15,000 : Ratio of Total Mortgages and Credit Facility Payable to Total Assets 40.8% 29.
Slide 18: Retail Market Overview
Retail Market Overview « Economic trends: — GDP increased 0.5% in the first quarter of 2016' — Consumer spending increased 0.1% in March? — U.S. added 160,000 jobs in April® — Unemployment unchanged at 5.0%? — Median weekly earnings up by 2.7% in Q1 2016 over Q1 20154 — Personal income increased by
Slide 19: Questions?
‘Inland |, RealEstate Income Trust, Ine. Questions?
Inland Real Estate Income Trust — Q1 2016 Earnings Presentation on 6ix