First Quarter 2015 Earnings Conference Call and Webcast Thursday, May 07, 2015, 1:00 p.m. CT / 2:00 p.m. ET
Inland Real Estate Corporation owns and operates
high quality shopping centers in strong geographic markets. With $3.1 billion in
total assets under management, we have a substantial presence within the Central
U.S., including a commanding market position in the Chicago and Minneapolis MSAs.
We are expanding into the Southeastern region of the nation through recent acquisitions
of operating shopping centers and in-process retail developments. At December 31,
2014, the Company owned interests in 132 fee simple investment properties totaling
approximately 15 million square feet of gross leasable area (GLA). Our markets have
compelling demographics, diverse economies and high barriers to entry.
Inland Real Estate Corporation's diversified retail portfolio includes neighborhood,
community and power shopping centers as well as single-user assets. Our tenants
are national, regional and local retailers that provide value-oriented retail and
everyday goods and services. Approximately half of the Company's properties have
a grocery component. In addition, national and regional brand retailers provided
77% of total portfolio annual base rent as of December 30, 2014. Leased occupancy
for the total portfolio was 95.4% at year end 2014, demonstrating our ability to
capture strong retailer demand for space at our well-located centers.
Inland Real Estate Corporation is a self-advised and self-managed real estate investment
trust (REIT) and is listed on the NYSE under the ticker "IRC". The Company has a
total market capitalization of $2.3 billion as of December 31, 2014. Headquartered
in Oak Brook, Illinois, we celebrated 20 years of operations in 2014.