Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q4 2015 Earnings Presentation
19 slides from Inland Real Estate Income Tr's earnings presentation, Mar 24, 2016
Slide 1: 2015 Q4 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 THE SECURITIES DEPICTED HEREIN. THE OFFERING IS MADE ONLY BY THE PROSPECTUS. 2015 Q4 Results Webcast Thursday, March 24, 2016 • 1:00 pm CT Audio is available via we
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 the pros pec tus, which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers
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: Inland Income Trust Highlights
inland - investments.com 6 Inland Income Trust Highlights
Slide 7: Key Multi-Tenant Retail Attributes
inland - investments.com 7 Key Multi - Tenant Retail Attributes 1 Statista . Consumers’ weekly grocery shopping trips in the United States from 2006 to 2015 1
Slide 8: Portfolio Summary as of December 2015
inland - investments.com 8 As of December 31 , 2015 Total Number of Properties: 54 Total Square Feet: 6,025,330 Number of States: 22 Economic Occupancy: 97.2% Physical Occupancy : 96.2% Number of Tenants: 668 Annualized Distribution Rate: 6.0% The 6 . 0 % annualized distribution rate is based on a $
Slide 9: Top Tenants
inland - investments.com Top 10 Tenants 9 Top 10 Tenants as of December 31, 2015 Number of Leases % of ABR* Dick's Sporting Goods 5 3.4% Kroger 3 3.4% T.J.Maxx/HomeGoods/Marshalls 11 3.0% Petsmart 8 2.7% Albertsons/Jewel/Shaws 2 2.4% Ulta 9 2.3% Kohl’s 4 2.2% Ross Dress for Less 7 2.1% LA Fitness 2
Slide 10: Geographic Footprint
inland - investments.com 10 Geographic Footprint 3 properties 1 property 2 properties 4 properties 5 properties 1 property 1 property 3 properties 3 properties 3 properties 1 property 2 properties 1 property 1 property 1 property 2 properties 2 properties 4 properties 9 properties No Assets 0 - 5% o
Slide 11: Fourth Quarter Acquisition Highlight
inland - investments.com Fourth Quarter Acquisition Highlight 11 Marketplace at Tech Center Newport News, Virginia Marketplace at Tech Center Newport News, Virginia Transaction Date: December 24, 2015 Transaction Price: $72.5 Million Leasable Area: 210,584 SF Portfolio Sector: Retail Tenants: ▪ Whol
Slide 12: Additional Acquisitions
inland - investments.com Additional Acquisitions 12 Property: Milford Marketplace Market: Milford, Connecticut Acquisition Date: October 1, 2015 Acquisition Price: $34.0 Million Leasable Area: 112,257 SF Tenants: Whole Foods, JoS. A. Bank, Ann Taylor’s Loft Property: Settlers Ridge Market: Pittsburg
Slide 13: Capturing Value Through NOI Growth
inland - investments.com Capturing Value Through NOI Growth 13 2015 2016 2017 2018 Multi-Tenant Retail NOI Growth* 3.50% 3.20% 3.10% 2.70% CPI Forecast** 2.00% 2.10% 2.20% 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 *Source: Green St
Slide 14: Consolidated Financial Highlights
inland - investments.com Consolidated Financial Highlights December 31, 2015 (in thousands) December 31,2014 (in thousands) Total Assets: $1,405,835 $571,486 Stockholders’ Equity: $690,844 $351,459 Distributions Paid: $42,537 $10,597 Cash Flow Provided by Operations: $27,080 $2,922 GAAP Net Loss : $
Slide 15: Mortgages and Credit Facility Payable
inland - investments.com Mortgages and Credit Facility Payable 15 December 31, 2015 (in thousands) December 31, 2014 (in thousands) Mortgages Payable (excludes unamortized fair value adjustment related to assumed debt) : $484,995 $184,737 Credit Facility Payable: $100,000 - Ratio of Total Mortgages
Slide 16: Retail Market Overview
inland - investments.com Retail Market Overview 16 1 CNBC. Job Gains in 2015 Were Strong, but… January 11, 2016. 2 WSJ. Job Gains Ease Recession Worry. March 5 - 6, 2016. 3 Cushman & Wakefield. U.S. Shopping Center Snapshot. Q4 2015. 4 CBRE. Q3 2015 U.S. Retail MarketView. December 17, 2015. • Econo
Slide 17: Regulatory Changes
inland - investments.com Regulatory Changes 17 • Recent amendments to FINRA regulations will : – Require broker - dealers to provide per share estimated values on customer account statements earlier in lifecycle of nonlisted REITs – Provide greater consistency in per share estimated values – Enhance
Slide 18: Benefits to Investors
inland - investments.com Benefits to Investors 18
Slide 19: Questions?
inland - investments.com Questions?
Inland Real Estate Income Trust — Q4 2015 Earnings Presentation on 6ix