AmREIT (AMYRZ) 8-K AmREIT Reports Second Quarter Results

Exhibit 99.2

        Disclaimer

Statements included in this presentation that state the company’s or management’s intentions, hopes, beliefs, expectations or predictions of the future are “forward-looking” statements, within the meaning of the Private Securities Litigation Reform Act of 1995, which, by their nature, involve known and unknown risks and uncertainties. The company’s actual results, performance or achievements could differ materially from those expressed or implied by such statements.  Reference is made to the company’s regulatory filings with the Securities and Exchange Commission for information or factors which may impact the company’s performance.

Our Structure

• AMEX:  AMY

• Total Common Share Market Cap: $183M

• Irreplaceable Corners™

Our Capital Structure

•	Class A (AMEX: AMY)
	•     $8.26 (7/26/05)
	•     Yield = 6.05%

	Price		Yield		Preferred Dividend		Callable		Convertible Into A
Class B	$	9.25		8.0%		Yes		July 2005		Immediate
Class C	$	10.00		7.0%		Yes		Aug. 2006		Aug. 2010
Class D	$	10.00		6.5%		No		Sept. 2005		Sept. 2011

Strong National Tenants

Top 5 Tenants		% of Total Operating Revenue
1	Kroger	6.9%
2	IHOP	6.2%
3.	CVS/pharmacy	2.6%
4.	Linens ‘n Things	1.7%
5.	Landry’s	1.3%

As of 6/30/05

The Core: REIT Portfolio

• Total Assets = $279 million

• Primarily Irreplaceable Corners^TM

• Premiere shopping center focused

• 98% occupancy (as of 6/30/05)

• Strong & steady growth

Uptown Park

Demographics
Traffic Count:	Post Oak		64,467
	Loop 610		275,000
3-mile Radius:
Population			148,123
Avg HH Income		$	99,725
Per Capita Retail Sales		$	19,662

Source: Claritas Site Reports, Texas Dept. of Transportation

Real Estate Operating & Development Business

•	Fully integrated and wholly owned by AmREIT
•	Multiple sources of fee income:
		- Construction Management
		- Development
		- Property management
		- Brokerage
		- Leasing
•	Secure, strengthen & retain tenant relationships
•	Enhance revenue & control expenses

Wholesaling Securities Business

• Flexible capital sources

• NASD registered broker/dealer selling only AmREIT proprietary products

• Gives access to both private and public capital

Retail Partnership Business

• Over $85 million additional assets under management

• Focused on value-added properties and development

• Capture recurring fees for AmREIT

• Back-end profit participation

Contact Us

For more information contact:

Debbie Lucas
VP Investor Relations & Corporate Communications

Or

Chad Braun
Chief Financial Officer

AmREIT
8 Greenway Plaza, Suite 1000
Houston, TX  77046

713.850.1400
www.amreit.com