Wheeler Real Estate Investment Trust, Inc. · NASDAQ:WHLR
Wheeler Real Estate Investment Trust — Proxy Contest (September 2018)
10 slides from Wheeler Real Estate Investment Trust's proxy contest presentation, Sep 11, 2018
Slide 1: WHLR Company Presentation September 2018
WHLR COMPANY PRESENTATION SEPTEMBER 2018 NASDAQ:WHLR www.whlr.us
Slide 2: Safe Harbor
All data and pro forma calculations based on June 30, 2018 financial results unless otherwise stated. Safe Harbor This presentation may contain “forward - looking” statements as defined in the Private Securities Litigation Reform Act of 1995 . When the Company uses words such as “may,” “will,” “inte
Slide 3: Corporate Overview
WHLR Corporate Overview ▪ Internally managed REIT ▪ Primarily grocery - anchored shopping centers with strong demographics and supportive barriers to entry ▪ Portfolio acquired at a discount to replacement cost ▪ Concentrated in Southeast and Mid - Atlantic Markets ▪ 73 properties – 5.7 million squa
Slide 4: Executive Summary
WHLR Executive Summary ▪ Actively implementing a refocused strategic long - term plan ▪ WHLR in transition; decreasing debt through selective asset dispositions and loan paydowns ▪ WHLR has a solid income - producing real estate portfolio with a diversified tenant base ▪ WHLR is reducing its debt an
Slide 5: Rebuilding its Foundation – Version 2.0
WHLR Rebuilding its Foundation – Version 2.0 Wheeler BEFORE – Version 1.0 (IPO – January 29, 2018) 1. Combined CEO & Chairman 2. Unsustainable Dividend 3. Building Debt 4. Rapid Growth Through Acquisitions 5. High G&A 6. Shareholder Dilution WHLR’s goals are to increase the Company’s shareholder val
Slide 6: Competitive Advantages
WHLR Competitive Advantages Real estate operations and asset management expertise leads to consistent cash flows, which provides significant value for WHLR shareholders Strong Corporate Governance with Independent Board Experienced Management Team Stabilized Real Estate Portfolio with Consistent Cas
Slide 7: BOD and Executive Management Bios
WHLR BOD and Executive Management Bios John Sweet Chairman • 40 years public company and capital markets experience • Co - founder Physicians Realty Trust (DOC: NYSE) • Co - founder Windrose Medical Properties Sean Armstrong, CFA Director • 24 years real estate experience and direct asset management
Slide 8: Balance Sheet Strategy
WHLR Balance Sheet Strategy High Leverage (>60%) Compared to Peers Revere & KeyBank Overhang Suspended Unsustainable Common Dividend Non - Core Asset Sales Low Leverage (<40%) Pay Off Revere Loan Reduce KeyBank Credit Facility Below $50M Reinstate a Sustainable Common Dividend GOALS All data and pro
Slide 9: Vote with WHLR
Vote with WHLR FOR AGAINST • WHLR continuing to implement a long - term strategic plan that seeks to maximize shareholder value • Joe Stillwell, who has not communicated a strategic plan for WHLR • Independent Board with diverse skill sets, as well as extensive public company, commercial real estate
Slide 10: Thank you
WHLR Thank you NASDAQ:WHLR Investor Contact Mary Jensen investors@whlr.us 757.627.9088
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