SEC Info - Inland Retail Real Estate Trust Inc - 8-K - For 8/19/05

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Inland Retail Real Estate Trust, Inc.

Annual Meeting of Stockholders

August 23, 2005

[LOGO]

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Inland Retail Real Estate Trust, Inc.

History of Inland Retail

Barry Lazarus

Chief Executive Officer, President and Director

Forward-Looking Statements

This presentation may contain forward-looking statements. Forward-looking statements are statements that are not historical, including statements regarding management’s intentions, beliefs, expectations, representations, plans or predictions of the future, and are typically identified by such words as “believe,” “expect,” “anticipate,” “intend,” “estimate,” “may,” “will,” “should” and “could.” We intend that such forward-looking statements be subject to the safe harbor provisions created by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, and the Federal Private Securities Litigation Reform Act of 1995, and we include this statement for the purpose of complying with such safe harbor provisions. Future events and actual results, performance, transactions or achievements, financial or otherwise, may differ materially from the results, performance, transactions or achievements expressed or implied by the forward-looking statements. Risks, uncertainties and other factors that might cause such differences, some of which could be material, include, but are not limited to:

National or local economic business, real estate and other market conditions, including the ability of the general economy to recover timely from economic downturns;

• The effect of inflation and other factors on operating expenses and real estate taxes;

• Risks of joint venture activities;

• The competitive environment in which we operate and the supply of and demand for retail goods and services in our markets;

• Financial risks, such as the inability to renew existing tenant leases or obtain debt or equity financing on favorable terms;

• The level and volatility of interest rates, including the recent trend towards rising interest rates;

• The increases in property and liability insurance costs;

• Financial stability of tenants, including the ability of tenants to pay rent, the decision of tenants to close stores and the effect of bankruptcy laws;

• The ability to maintain our status as a REIT for federal income tax purposes;

• The effects of hurricanes and other natural disasters;

• Environmental/safety requirements and costs;

• Risks of acquiring real estate, including continued competition for new properties and the downward affect on capitalization rates;

• Risks of real estate development, including the failure of pending developments and redevelopments to be completed on time and within budget and the failure of newly acquired or developed properties to perform as expected; and

• Other risks identified in our quarterly and annual reports and in other reports we file with the Securities and Exchange Commission (SEC).

We disclaim any intention or obligation to update or revise any forward-looking statement whether as a result of new information, future events or otherwise. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of August 15, 2005. This presentation should also be read in conjunction with our quarterly and annual reports filed with the SEC.

Inland Retail Real Estate Trust, Inc.

Company Overview

• Formed in 1998

• Began raising capital in 1999

• Acquires, owns, develops and manages neighborhood and community shopping centers

• Geographic concentration in Florida, Georgia and North Carolina

• Experienced management team with significant company investment

• Completed acquisition of property management and the advisor companies in 2004

• Consistent distribution history

• Average age of properties in the portfolio is 6 years

History of Equity Investment

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* Net Capital Raised = initial capital raised from investors plus distribution reinvestment proceeds minus funds distributed through share repurchases

History of Property Acquisitions

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* Number shown is through July 31, 2005

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Inland Retail Real Estate Trust, Inc.

Portfolio Performance Overview

JoAnn Armenta

President of Property Operations

Current Portfolio Property Locations & Offices

[GRAPHIC]	Corporate & Regional Office Locations	[GRAPHIC]


[GRAPHIC]	Satellite Office Locations


[GRAPHIC]	Current Property Locations

Does not reflect free standing properties located in the following states: CA, CO, OK, TX and WA which is a total of approximately 700,000 square feet

Peer Group Comparisons

Throughout this presentation we will show you how we compare to our peer group shown below:

Developers Diversified Realty Corp (DDR)

Equity One, Inc (EQY)

Federal Realty Investment Trust (FRT)

Heritage Property Investment Trust Inc (HTG)

Kimco Realty Corp (KIM)

New Plan Excel Realty Trust, Inc (NXL)

Ramco Gershenson Properties Trust (RPT)

Regency Centers Corp (REG)

Weingarten Realty Investors (WRI)

Ticker symbols shown parenthetically

Portfolio Makeup

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Occupancy Comparisons – Peer Group

2004

Company Name		% Occupied
Inland Retail Real Estate Trust, Inc.		95
Developers Diversified Realty Corp (DDR)		95
Equity One, Inc (EQY)		95
Federal Realty Investment Trust (FRT)		95
Heritage Property Investment Trust Inc (HTG)		93
KimcoRealty Corp (KIM)		95
Ramco Gershenson Properties Trust (RPT)		93
Regency Centers Corp (REG)		93
Weingarten Realty Investors (WRI)		95

Based on Physical Occupancy at 12/31/04

Information gathered from various documents filed as required by the SEC for public companies

Lease Expirations

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Retail Sales Per Capita

Compared to National Average

(Florida, Georgia and North Carolina)

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Source = www.bls.gov (US Department of Labor, Bureau of Labor Statistics) percent based on square footage within each state

Property Highlights

South Square
Durham, NC

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	Purchase Date:	July 6, 2005

	Leaseable Sq. Ft.:	107,818

[GRAPHIC]	Purchase Price:	$16,219,015

	Major Tenants:	Ross, Office Depot

South Square

Durham, NC

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Property Highlights

North Hampton Market
Greer, SC

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	Purchase Date:	April 18, 2005

	Leaseable Sq. Ft.:	114,926

[GRAPHIC]	Purchase Price:	$16,155,000

	Major Tenants:	PETsMART, Hobby Lobby, Panera Bread

North Hampton Market

Greer, SC

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Property Highlights

Shoppes at Wendover II
Greensboro, NC

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	Purchase Date:	June 3, 2005

	Leaseable Sq. Ft.:	134,067

[GRAPHIC]	Purchase Price:	$23,970,429

	Major Tenants:	Costco, Petco

Shoppes at Wendover II

Greensboro, NC

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Property Highlights

Heather Island
Ocala, FL

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	Purchase Date:	May 20, 2005

	Leaseable Sq. Ft.:	70,970

	Purchase Price:	$9,474,800

	Major Tenants:	Publix, Dollar Tree

Heather Island

Ocala, FL

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Diversified Tenant Mix

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Percentage based on total square footage as of 7/31/2005

Our Largest Anchors – Total Square Feet

		Total Square Feet	Number of Stores	% of Portfolio Based on Square Feet
1.	PUBLIX SUPERMARKETS	2,204,518	49	6.56	%
2.	WAL-MART	1,555,887	9	4.63	%
3.	LOWE’S HOME CENTER	927,875	8	2.76	%
4.	KOHL’S DEPARTMENT STORES	801,945	9	2.39	%
5.	BI-LO, INC.	714,019	16	2.12	%
6.	PETSMART	701,221	31	2.09	%
7.	CIRCUIT CITY	698,407	21	2.08	%
8.	ROSS DRESS FOR LESS	668,370	23	1.99	%
9.	MICHAELS STORES	649,651	29	1.93	%
10.	GOODY’S	639,852	18	1.90	%

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Inland Retail Real Estate Trust Inc · 8-K · For 8/19/05 · EX-99.1

Filed On 8/19/05 4:21pm ET · SEC File 0-30413 · Accession Number 1104659-5-40500

Current Report · Form 8-K
Filing Table of Contents

EX-99.1 · Miscellaneous Exhibit
Exhibit Table of Contents

This is an EDGAR HTML document rendered as filed. [ Alternative Formats ]

Inland Retail Real Estate Trust Inc · 8-K · For 8/19/05 · EX-99.1

Filed On 8/19/05 4:21pm ET · SEC File 0-30413 · Accession Number 1104659-5-40500

Current Report · Form 8-KFiling Table of Contents

EX-99.1 · Miscellaneous ExhibitExhibit Table of Contents

This is an EDGAR HTML document rendered as filed. [ Alternative Formats ]

Current Report · Form 8-K
Filing Table of Contents

EX-99.1 · Miscellaneous Exhibit
Exhibit Table of Contents