30 slides from Inventrust Properties's shareholder meeting presentation, Dec 15, 2015
Slide 1: Annual Stockholders Meeting Presentation, December 15, 2015
Exhibit 99.1 Annual Stockholders December Presentation Exhibit 99.1 15, 2015 Meeting
Slide 2: Forward-Looking Disclaimer
Forward-Looking Disclaimer are “expect,” similar cause operating included Exchange undertake looking other This in may 1with understanding statements not presentation the forward-looking actual expressions. statements, be SEC in“intend,” activities Act Commission. nocomparable InvenTrust’s results o
Slide 3: Multi-Tenant Retail Strategy
Multi-Tenant Retail Strategy
Slide 4: Retail Landscape: Bricks vs. Clicks
Retail Landscape Minimal Retailers Bricks 3Consumer andNew are Experience Clicks Expanding Development VS. is Bricks Again—Cautiously Important or Clicks
Slide 5: Key Retail Strategy: Hub and Spoke
Retail Key “Hub Vertically Strong Targeted InvenTrust Investments Creates Leverage Recycle Significant Results Heightened Attractive 4The InvenTrust Market & Segment Tenant operating Spoke” capital Acquisitions relationships Integrated Risk-Adjusted Retail Improved Cash Concentration inRelationships
Slide 6: Multi-Tenant Portfolio Snapshot
Multi-Tenant Portfolio Square Power Community 128 Center #Neighborhood 5*Includes of 24 Properties Centers 18.9 Feet Breakdown 1894% ¢ers Retail 32% 68% # of States Snapshot* in bytheMillion IAGM Retail JV / AsSq. of Ft. 9/30/15 Occupancy
Slide 7: InvenTrust's Top Retail Markets
Retail InvenTrust’s Top 4.2% 5.1% 6.6% 8.0% 7.8% 12.0% 12.4% 13.0% 16.0% 2.6% 4.0% 0.0% Dallas City/Tulsa Job Pop. Income 18.3% Source: ’19E) 6*Includes Growth Markets Growth 4.1% 2.4% (1) Strategy Houston 15.7% Growth Green 18 Antonio 4.1% (‘15 largest by (‘15 centers 17.5% Street –Altanta (‘15 Gro
Slide 8: Retail Lease Expiration
Retail Leases Lease 15.0% 15.2% 16.0% 20.0% 10.0% 13.6% 2016 0.0% 5.0% As 7Growing of 2017 9/30/15 Expiration Lease 14.4% 8.8% rolling Average 2018 Expiration during 2019 by Base %predicted 2020 of Rent Brings Total (ABR) Value Annualized inflationary over Creation theRent time next Opportunity peri
Slide 9: Focus on Deep Tenant Relationships
Focus on Deep 8InvenTrust’s scale Tenant and Relationships locations in growing vibrant markets promotes favorable relationships with top local and national tenants
Slide 10: University House Platform Strategy
University House Platform Strategy
Slide 11: University House Strategy
University Markets Well-positioned Universities Newer Maintain 10 DEVELOPMENT ACQUISITIONS assets with solid, House with within high flexible assets competitive Strategy barriers walking with capital tostrong distance entry student structure market acceptance to providing campus position University
Slide 12: University House National Footprint
University House National Footprint* 11
Slide 13: Continued University House Portfolio Growth
Continued 02University 2,000 4,000 6,000 8,000 10,000 12,000 *14,000 12 007 Includes 2008 UH Portfolio House 2009Arena 2010 Communities Growth District 2011 2012andBeds 2013 development 2014 2015* pipeline 2016* 2017*
Slide 14: Quality and Quantity of Assets
Quality Distance 0.8 10 0.7 0.6 Miles 0.5 In 0.4 0.3 Average 68% 26,464 60% $50% Public *Includes 2016 1327,000 26,500 26,000 25,500 25,000 0.5 10/0.6 8 2 0 In As Peer Over Undergrad 4to 26,536 40% Years of UHCampus Set 9/30/15 Quantity Arena UHC 670% 3 Enrollment Age District /Public 62% Public – B
Slide 15: Quality Properties
Quality Properties* 100 97% 94 50 075 25 Avg. Loan-to-Value $than Public *After **As 80% 775 800 711 700 600 20100% 40% Rent of 90% Peer developments Over 9/30/15 Per 95% Occupancy** Set Quantity Bed** isUHC less come Public – Best-In-Class online Peer Set in 2016, UHC Portfolio portfolio will conta
Slide 16: Georgia Tech Successful Development
Georgia Located Opened 100% 19-story High-end 15 pre-leased in Tech. in residential student August—706 the Another popular by amenities tower spring Midtown Successful beds offering of include 2015 & approximately area Development one-, a of clubroom, Atlanta two-, three- 9,000 studyand square loung
Slide 17: University of Texas Property
University Located Property 16 just features ofone Texas block premier – August west amenities of2016 the University including of amenity Texas deck, in the sky popular lounge, Westfitness Campus center, neighborhood and study areas of Austin
Slide 18: Capital Allocation Strategies, Balance Sheet Management & Financial Results
Capital Allocation Strategies, Balance Sheet Management & Financial Results
Slide 19: Timing: Current U.S. Retail Cycle
Timing: Current U.S. Retailers Retail *Source: 18 retail sales Estimated In-Step are REIS—Q2 iscontinue in expanding recovery with Location 2015/ to Retail grow again, phase Dividend Market inmoderately although RetailOpportunity Capital Cycle new andconstruction Research are aboveReport; pre-recess
Slide 20: Multi-Tenant Retail Acquisition Strategies
Multi-Tenant Open-Air Location, Properties Job Focus With Investment 19 ¤t on wagekey Location, Centers—grocery-anchored with opportunities growth competitive Retail retail strong markets Acquisition Location Population demographics exist—retailers environment, growth Strategies centers, High
Slide 21: Focus on Markets with Expected Demographic Growth
Retail (5) 4Dallas P to L H Orange Sa Fort Seattle Oakland Los O San Tampa Ph Raleigh A Philad Inland D Bo New St. Northern C Baltim InvenTrust Source: (1) 20ustin ortlan ahica tlan olum oneonix rlando enver .CLouis (4) Market sto sA uF D Lauderdale JYork Vegas . ston ra ntonio ngeles Market ose M t
Slide 22: Recent Retail Acquisitions
Recent The Outside 169K $45.8M Rio Orlando, Grocery 100% 124K $34M ABR Price Katy, Acquired Power 206K $35.8M 3-mile 21 Pinar Highlands Plaza of TX sq. Occupied Center Avg. Population Retail Dallas $16.73 Anchored—Publix FL ft. June Nov. Plaza HH Acquisitions 2015 of psf Income—$144,000 Income—$101,
Slide 23: Declining Debt, Manageable Maturities
Declining $8.0 36.9% 45.7% 54.6% $2.0 20% $3.6 $4.0 $6.0 $1.9 2012 Total Balance 87% 13% Manageable $1,000 The Position 2016 $- $250 $500 $750 Fixed 1Line 22 0%New 60% $3.2 2013 2017* Debt Variable Rate of 37.2% *Sheet the Credit th Term Debt in 2014 Debt 2018 Company Mortgage Billions 40% Managemen
Slide 24: Q3 2015 Financial Results
Q3 Modified Retail Student Modified FFO *Economic related (1) GAAP 23 2015 per =financial thereto Housing 94% Share YTD Same-Store occupancy same-store economic Financial is =measures. being = $0.22 95%NOI is “swept” (includes occupancy physical Results net the Please increased operating percentage
Slide 25: InvenTrust's Asset Complex History
InvenTrust’s A The Asset Announced 24large assembly diversified and percentage JVnew Complex values ofportfolio strategy ourofdeclined $12 assets History was in billion 2012, ineffective during the portfolio focusing portfolio theduring real primarily on were estate the thepurchased great 3crisis. f
Slide 26: Many Large, Complex Transactions Executed
Manybillion 2015 $460 Announced Internalization $395 (Repurchased $1.1 Total (Does Successful Highlighted 25 2014 million other Large, not include 2013 liquidity portfolio $1.8 sale and apartment modified Complex shares ofof developed billion management Xenia) select event: repositioning at “Dutch T
Slide 27: Final Thoughts
Final Committed Experienced Dividend Strategies the Strong, Additional Non-Core, 26 Board Thoughts Flexible Rate would Legacy Time toManagement Executing ison Balance Needed reconsider Based InvenTrust Assets on on to Sheet Continue Team Current Complete the 3 Unique &÷nd in Remaining Capital
Slide 28: InvenTrust Properties
Inventrust Properties
Slide 29: Appendix
Inventrust Properties Appendix
Slide 30: GAAP Net Income to NAREIT FFO Reconciliation
GAAP For September 2015 Net Add: Depreciation Loss Provision Less: Gain NAREIT 29 the income on from 2014 to three contribution FFO Non-GAAP for property sales 2015 30, (loss) months and asset Applicable September reflected of 2014 amortization attributable investment impairment sales of ended Recon