Fourth Quarter 2013 Earnings Conference Call and Webcast
Thursday, February 20, 2014, 1:00 p.m. CT / 2:00 p.m. 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 total assets under management of approximately $2.8 billion. As of September 30, 2013, we owned interests in 161 properties totaling approximately 15 million square feet of gross leasable area. Our shopping centers are largely
value and necessity-based. Centers with a grocer, drug or discount component comprise
approximately 76% of total portfolio retail square footage.
Approximately 60% of our retail portfolio is concentrated in the Chicago metropolitan
area. We also have a substantial presence in the Minneapolis-St. Paul area, where
approximately 18% of our assets are located. We also own retail assets in downstate
Illinois, Wisconsin, Indiana, Ohio, Nebraska, Kentucky and Tennessee.
Leased occupancy of our total portfolio was 94.3% at 9/30/13. Our tenants range
from large national retailers to local chains and small independent stores. For
the total portfolio (excluding properties held through our joint venture with IPCC),
our three largest tenants are Roundy's which provides 3.9% of our annual base rent
and occupies 4.1% of our square footage, AB Acquisitions (Jewel-Osco) which represents
3.3% of annual base rent and occupies 4.0% of our square footage,and TJX Companies
which provides 3.3% of annual base rent and occupies 4.0% of our square footage.
The Company was formed in late 1994; qualified as a real estate investment trust
(REIT) for federal income tax purposes commencing with the tax year ending December
31, 1995; became self-administered and self-managed in 2000; and listed on the NYSE
under the ticker "IRC" in June 2004.
|Market Value ($M)||1,040.39|
|Stock Quote||$ 10.43|
|Change ||$ (0.35) |
|As of March 7, 2014|
Minimum 20 minute delay.