Wheeler Real Estate Investment Trust, Inc. · NASDAQ:WHLR
Wheeler Real Estate Investment Trust — Investor Presentation (June 2015)
24 slides from Wheeler Real Estate Investment Trust's investor presentation, Jun 9, 2015
Slide 1: Wheeler Real Estate Investment Trust, June 2015
Exhibit 99.1 Exhibit REAL WHEELER June NASDAQ: 2015 ESTATE 99.1WHLR INVESTMENT 1 TRUST
Slide 2: Safe Harbor
2incorrect. SAFE Wheeler and looking be conditions or commercially regard materially cautioned been bankruptcy forward-looking Section assumed HARBOR tostatements Real financing that from such 21E Estate reasonable of that forward those as of a business oversupply major are and the statements. Inves
Slide 3: Company Overview
COMPANY Target Acquire Current 34 Approximately Dedicated Wheeler dispositions Exchange: Ticker: Market Stock 52-Week Common Annualized Dividend 1) 2)As REAL 3WHEELER Upon shopping ofPrice(2): grocery-anchored ESTATE WHLR Cap(1): 6/2/15 portfolio properties conversion isTrading Real Yield(2): StockO
Slide 4: Investment Highlights
INVESTMENT Necessity-Based Retail Majority High Portfolio Diversified Attractive Market Target shifting Internally-Managed, Scalable Deep Third-party REAL WHEELER Quality retailer communities markets ESTATE Opportunity toPlatform of National Niche core geography tenants property relationships Existi
Slide 5: Seasoned, Accomplished and Reputable Management
SEASONED, WHLR’s Jon Chairman In shopping Overseen Steven Chief Wheeler’s Previous Dave SVP, Over Focused Jeff Director Recently Previously 5Prior 1999, S. Parker Director 33 25 to Kelly Financial Wheeler M. joining Dollar years of founded on experience joined executive center the and Chief Belote s
Slide 6: Growth Story
GROWTH As Square 0G 500,000 1,000,000 1,500,000 2,000,000 2,500,000 09/30/12 Closes Addition Raised Opens Preferred Completes Secures Signs 45 Number ross 40 of June non-binding 35 Leasable regional secondary an Footage $25 $45 of 30 12/31/12 of Stock additional aIPO, offering transition follow-on S
Slide 7: Stable Portfolio Focused on Necessity-Based Shopping Centers
STABLE Company The During 82% Local 1) 2) 3) Predominantly Non-Grocery/ Strong 73% 45% < 76% 1.0% Source: Based 38% average of19% 40%National Grocer 2009-2014, 1.0% Wheeler’s grocery 29% on PORTFOLIO believes 35% Food Regional percentage 2013 consumer to 17% Community Rent Grocery-Anchored 30% store
Slide 8: Tenant Overview
TENANT Tenant Focus Minimal Diversified General Apparel Other 6.7% Services Top 1) Grocery Type 265,391 GLA % 811.04% As of10 tenants GLA Health of 5.3% on concentration Tenants1 7.96% Merchandise & 6/2/2015 191,280 Grocery exposure tenants OVERVIEW Accessories Merchandise Restaurant represent & 3.5
Slide 9: Lease Expiration Schedule
LEASE Approximately Weighted Significant % 40.00% 1) 2015 96.65% As of Total 2016 of11.93% 35.00% EXPIRATION 6/2/2015 average Gross 2017 renewals 10.45% 77% 30.00% 2018 Leasable remaining of have 2019 18.96% GLA SCHEDULE1 25.00% occurred Area 2020+ lease leased 11.66% Expiring1 20.00% term since thr
Slide 10: Strong Leasing Trends
STRONG Wheeler sectors 96.0% 1) Dec-12 94.3% 10 Source: 95.5% 94.3% of Mar-13 has REITs LEASING Investment maintained 95.0% 95.1% Jun-13 is measured 94.5% 95.0% TRENDS News. Sep-13 stable 94.0% 94.2% atDec-13 occupancy 93.6%1 93.5% 94.0% Mar-14 93.0% 94.7% ratesJun-14 – 95.2% average Sep-14 95.5% of
Slide 11: Integrated Platform, Proven Success
INTEGRATED Wheeler Over Since Development Extensive Predecessor Corporate 11 50 theassociates has acquisition pipeline &development acquisition, Accounting services PLATFORM, of of third-party generate Wheeler Asset leasing, segment PROVEN Management significant projects Development property develop
Slide 12: Case Study: Forrest Gallery, Tullahoma
CASE Investment Purchase Third-party Tullahoma Strong Improvements Peebles 1) 12 Number STUDY: frontage recently Price is one Summary property ranked include $11,500,000 ranked on FORREST exercised the as purchased new main in the2014 two #1 roof GALLERY—TULLAHOMA, LTV street “micropolitan” 5-year a
Slide 13: Case Study: Port Crossing, Harrisonburg
PORT(2013) Investment NOI Built/Renovated Wheeler Home Prior with Expanded 13 no toto CROSSING acquisition, restriction legacy James restaurant Summary $805,438 Madison asset 1999/2009 on –we space HARRISONBURG, purchased CAM Purchase identified University from passPrice in 2,650 through potential 2
Slide 14: Growth Strategy
GROWTH Well National High Opportunity Utilizing Maximizing large 14 located potential unlevered traffic &exterior STRATEGY regional count CAM to properties upside improve returns parking and reimbursement tenants ease (expected in revenue for secondary ofbuild access through cap income toand Ancilla
Slide 15: Pipeline Update
PIPELINE Company LTV time, Under Beaver Washington Sunshine Barnett Augusta Grove Woodland Burlington, Conyers Parkway Chesapeake Negotiating Property Two Total 15 Property of All the Contract LOI Contract Park Ruin 55% Portfolio Portfolio Crossing Name 1 2 Company Plaza Categories Plaza closed 270,
Slide 16: Investment Highlights
INVESTMENT Internally-Managed, Necessity-based High Attractive 16 Quality Niche Existing HIGHLIGHTS Retail Market Scalable Portfolio Opportunity Platform
Slide 17: Appendix
WHEELER REAL ESTATE INVESTMENT TRUST
Slide 18: Property Overview
PROPERTY Number Property Alex Amscot Berkley Bixby Brook Bryan Butler Clover Courtland Crockett Cypress Edenton Forrest Freeway Graystone Harbor Harps Harrodsburg Jenks LaGrange Laskin Lumber Monarch Perimeter Pierpont Port Riversedge Shoppes South Starbucks/Verizon St. Surrey Tampa The Tulls Twin W
Slide 19: Debt Profile
DEBT Strong Recently Weighted Total WHLR’s $90 Outstanding 2016 1) $21.6 19 As$80 2017 Outstanding of $16.4 /lending MATURITY 3/31/20145 $70 secured Debt average 2018 $2.6 Debt Indebtedness $60 Profile relationships 2019 $50 $10.1 a(in interest Debt: $45millions) PROFILE1 $40 2020 $4.5 million $147.
Slide 20: Consolidated Statement of Operations
CONSOLIDATED Three 2015 Rental REVENUE: (unaudited) Asset Commissions Tenant OPERATING Property Non-REIT Depreciation Provision Corporate Total Operating Interest Less: Preferred Net Common Loss Weighted-average Basic 20 Loss(4,223,189)(1,245,888) Loss per 2014 Revenue Operating Net and management M
Slide 21: Balance Sheet Summary
BALANCE March 2015 Investment ASSETS: (unaudited) Cash Rents Goodwill Deferred Loans LIABILITIES: Accounts Commitments 100,000 respectively) EQUITY: 1,809 Series 1,595,900 Common 7,841,196 respectively Additional Accumulated Noncontrolling Total 21 Assets 2014 and Shareholders’ Equity Liabilities sh
Slide 22: Core FFO Reconciliation
Threeper 2015 Preferred Acquisition Share-based Loan Above Tenant Recurring Weighted Total FFO Core 22 and FFO 2014 Core Common cost Months (below) improvement Common CORE stock Average amortization capital per $FFO available costs (986,705) compensation Common Ended Shares market dividends(2,502,22
Slide 23: Capital Structure
CAPITAL Assuming Current1 Oustanding Debt Senior Property Shares Equity Security Series Common Market 7654321Total 23 As After Assumes 648,425 Convertible 1,987,500 of Debt Capitalization A B CNon-Convertible Convertible Outstanding giving Value March 9% Preferred Debt Pro /warrants the STRUCTURE $1
Slide 24: Additional Information and Contacts
NASDAQ: For At Robin Laura Terry Adam Investor The Think REAL WHEELER the Additional Equity Downs Nguyen Retail. Prior Hanisch Company: ESTATE Relations WHLR Group Senior Associate Think Director Information Corporate INVESTMENT Inc. Counsel: Vice Wheeler.® TDowns@equityny.com of President Secretary
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