Webcast 2011 Fourth Quarter Earnings Webcast Thursday, February 09, 2012 3:00 PM ET
Inland Real Estate Corporation is one of the largest owners/operators of community, neighborhood, power, life-style and single-tenant retail centers in the Midwest, with approximately $1.8 billion in asset acquisition value. We currently own interests in 159 properties totaling nearly 14 million square feet of gross leasable area. Our shopping centers are largely value and necessity-based. Centers with a grocer, drug or discount component comprise approximately 77% of total portfolio retail square footage.
Approximately 65% of our retail portfolio is concentrated in the Chicago metropolitan area and northwest Indiana. We also have a substantial presence in the Minneapolis-St. Paul area, where approximately 18% of our assets are located. We also own retail assets in southern Wisconsin, downstate Illinois, Ohio, Michigan, Missouri, Nebraska, and Tennessee.
Leased occupancy of our total portfolio is approximately 94%. Our tenants range from small independent stores to local chains to large national retailers. Our three largest tenants are SuperValu, Inc. which occupies over 8% of our total portfolio square footage and provides approximately 7% of our annual base rental income, and Dominick's Finer Foods (a subsidiary of Safeway)and Roundy's, each of which occupies nearly 4% of our total portfolio square footage and provides approximately 4% of our annual base rental income.
The Company was formed in late 1994; qualified as a real estate investment trust ("REIT") for federal income tax purposes commencing with the tax year ending December 31, 1995; became self-administered and self-managed in 2000; and listed on the NYSE under the ticker "IRC" in June 2004.
Inland Real Estate Corporation
2901 Butterfield Road
Oak Brook, IL 60523
(888) 331-4732
Investor Relations Contact
Dawn Benchelt
Director of Investor Relations
Inland Real Estate Corporation
(630) 218-7364 or (888) 331-4732 ir@inlandrealestate.com
Theresa B. Strino
Investor Services Manager
Inland Real Estate Corporation
(630) 954-4453 or (888) 331-4732
(630) 218-7357 fax ir@inlandrealestate.com
