Inland Real Estate Income Tr Inc · OTC:INRE
Inland Real Estate Income Tr — Inland Real Estate Income Trust — Q2 2016 Earnings Presentation
18 slides from Inland Real Estate Income Tr's earnings presentation, Aug 17, 2016
Slide 1: Inland Real Estate Income Trust, Inc. 2016 Q2 Results Webcast
INLANDS Inland Je Real Estate Income Trust, Inc. Inland Real Estate Income Trust, Inc. 2016 Q2 Results Webcast Wednesday, August 17, 2016 * 2:00 pm CT Audio is available via webcast — dial in number not required. inland-investments.com THIS IS NEITHER AN OFFER TO SELL ON OF AN OFFER TO BUY ANY SECUR
Slide 2: Disclaimer
Disclaimer Inland Real Estate Income Trust, Inc inland-in' 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
Slide 3: Risk Factors
Risk Factors 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 costs; adverse changes in laws
Slide 4: Forward-Looking Statements
Forward-Looking Statements 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 "may," “can,” "would," “will,”
Slide 5: On Today's Call
On Today’s Call Mitchell Sabshon JoAnn McGuinness Chie > Officer Pre ie)
Slide 6: Portfolio of Necessity Based Retail
Portfolio of Necessity Based Retail The Shoppes at Lake Park Dixie Valley Center West Valley City, Utah Louisville, Kentucky Acquired February 2015 Acquired November 2014
Slide 7: The Headline Numbers
The Headline Numbers As of June 30, 2016 Total Number of Properties: 56 Total Square Feet: 6,345,824 Number of States: 23 Economic Occupancy: 95.1% Physical Occupancy: 94.6% Number of Tenants: 706 Settlers Ridge Annualized Distribution Rate: 6.65% burgh, Pennsylvania Until April 7, 2016, distributio
Slide 8: Geographic Footprint
Geographic Footprint
Slide 9: Finding the Right Location
Finding the Right Location Accessibility and Parking 2 OAL) Signage Demographics
Slide 10: Acquisition Highlights: Coastal North Town Center
Acquisition Highligh Coastal North Town Center North Myrtle Beach, South Carolina Transaction Date: April 22, 2016 Gross Transaction Price: $72.8 Million Leasable Area: 304,665 SF Portfolio Sector: Retail Tenants: = Publix = Dick's Sporting Goods = Ross Dress for Less = TJ Maxx . real Coastal North
Slide 11: Acquisition Highlights: Oquirrh Mountain Marketplace Phase II
Acquisition Highligh inland-in Phase Il Transaction Date: April 22, 2016 Gross Transaction Price: $6.0 Million Leasable Area: 14,500 SF Portfolio Sector: Retail Tenants: = Men’s Wearhouse = Little Caesar's = H&R Block Oquirrh Mountain Marketplace dan, Utah South Jot "
Slide 12: Top Tenants
Top 10 Tenant SPORTING GOODS, Dick’s Sporting Goods Laaee 5% of AB 6 Leases | 3.9% of ABR [al Ty-MODK Kroger T.J.Maxx/HomeGoods/ PetSmart 3 Leases | 3.3% of ABR Marshalls 9 Leases | 2.8% of ABR 12 Leases | 3.2% of ABR Albertsons/Jewel/Shaws 2 e 2 Leases | Ross Dress for Less 3% of ABR 8 Leases i@OSS
Slide 13: 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% = Multi-Tenant Retail NOI Growth* = CPI Forecast** *Source: Green Street Advisors Source: Congressional Budget Office 8
Slide 14: Consolidated Financial Highlights
Consolidated Financial Highlight June 30, 2016 June 30,2015 (in thousands) (in thousands) Total Assets: $1,386,339 $938,184 Stockholders’ Equity: $659,412 $592,652 Distributions Paid: $26,028 $19,033 Cash Flow Provided by Operations: $17,897 $14,355 GAAP Net Loss: $(6,541) $(4,123) Funds from Operat
Slide 15: FFO and MFFO Reconciliation
Add: Add: Less Inland Income Trust's FFO and MFFO for the quarters ended June 30, 2016 and 2015, calculated on page 32 of the Form 10-Q, are as follows: ix Months Ended 6/30/15) in thousands) GAAP Net loss f $(4,123) Depreciation and amortization related to investment properties 30,716 13,615 Funds
Slide 16: Consolidated Debt Summary
inland-in 3.CON june 30, 2016 lune 30, 2015 (in thousands) (in thousands) Mortgages Payable (excludes unamortized fair value adjustment related $570,455 $281,902 to assumed debt): Credit Facility Payable: $40,000 - Ratio of Total Mortgages and Credit Facility Payable to Total Assets: 44% 30% Annual
Slide 17: Retail & Economic Overview
Retail & Economic Overview Treasure Valley Crossing Nampa, Idaho * Bloomberg. U.S. Posts Anather Strong Month of Job Gains. August §,2016, 2 National Retail Federation, Retail Industry Sees Better Than Expected Job Gains. July 8, 2016. °U.S, Department of Commerce. Persanai Income and Outlays. June
Slide 18: Questions?
2 Sf © J, eal state noome Trust, no Questions?
Inland Real Estate Income Trust — Q2 2016 Earnings Presentation on 6ix