Exhibit 99.1
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Delivering Dependable
Monthly Income Through
Irreplaceable CornersTM
Virtual REIT Forum
September 20, 2005
[LOGO OF AMREIT]
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.
• | Quick Facts |
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• | Operating Strategy |
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• | Our Structure |
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• | Financial Results |
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• | Why AmREIT? |
• | Publicly Traded Equity REIT | |
| • | AMEX: AMY |
| • | Total Common Share Market Cap: $183M |
| • | Listed July 2002 |
| • | Monthly dividends |
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• | Property Type: Retail | |
| • | ”Irreplaceable CornersTM” – high quality commercial retail real estate |
[LOGO OF AMERICAN STOCK EXCHANGE]
• | Acquire & develop Irreplaceable Corners ™ - retail shopping centers | |
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• | Focus on markets where we have experience and local market knowledge | |
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• | Anchor our centers with national/regional market dominant tenants | |
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• | Enhance our business through the activities of our synergistic: | |
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| • | Real estate operating and development platform, |
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| • | Wholesaling securities broker-dealer, and |
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| • | Affiliated retail partnership business |
• | 100% owned by AmREIT Shareholders |
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• | Deep pool of talented professionals |
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• | Sustainable growth |
[CHARTS APPEARS HERE]
[GRAPHIC APPEARS HERE]
• | Irreplaceable CornersTM |
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• | Premiere shopping center focused |
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• | 97.6% occupancy (as of 6/30/05) |
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• | Strong & steady growth: |
[CHART APPEARS HERE]
[GRAPHIC APPEARS HERE]
[GRAPHIC APPEARS HERE]
Demographics |
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Traffic Count: Post Oak |
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| 64,467 |
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Loop 610 |
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| 275,000 |
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3-mile Radius: |
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Population |
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| 148,123 |
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Avg HH Income |
| $ | 99,725 |
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Per Capita Retail Sales |
| $ | 19,662 |
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Source: Claritas Site Reports, Texas Dept. of Transportation |
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[GRAPHIC APPEARS HERE]
[CHART APPEARS HERE]
[GRAPHIC APPEARS HERE]
Top 10 Tenants |
| % of Total |
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1. Kroger |
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| 7.0% |
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2. IHOP |
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| 6.2% |
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3. CVS/pharmacy |
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| 2.6% |
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4. Golden Corral Corp. |
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| 1.7% |
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5. Linens ‘n Things |
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| 1.7% |
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6. Landry’s |
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| 1.3% |
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7. Bank of America |
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| 1.2% |
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8. Barnes & Noble |
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| 1.1% |
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9. Carlson Restaurants |
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| 1.0% |
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10. Ninfa’s |
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| 1.0% |
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As of 6/30/05
• | Majority of REIT Portfolio located in our backyard –sunbelt states with an emphasis on Texas | |
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• | We are intimately familiar with our markets | |
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| • | 80% of our 2004 acquisitions were not broadly marketed |
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• | Sunbelt metropolitan areas show significant demographic expansion | |
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| • | If Texas were a nation it would represent the world’s 8th largest economy |
[GRAPHIC APPEARS HERE]
Real Estate Operating & Development Business
• | Fully integrated and wholly owned by AmREIT | |
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• | Multiple sources of fee income: | |
| - | Construction Management |
| - | Development |
| - | Property management |
| - | Brokerage |
| - | Leasing |
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• | Secure, strengthen & retain tenant relationships | |
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• | Enhance revenue & control expenses |
[GRAPHIC APPEARS HERE]
Wholesaling Securities Business
• | Flexible capital sources |
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• | NASD registered broker/dealer selling only AmREIT proprietary products |
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• | Gives access to both private and public capital |
[GRAPHIC APPEARS HERE]
• | Focused on value-added properties and development |
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• | Capture recurring fees for AmREIT |
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• | Back-end profit participation |
[CHARTS APPEARS HERE]
[GRAPHIC APPEARS HERE]
[CHART APPEARS HERE]
• | Class A (AMEX: AMY) | |
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| • | $8.10 (6/30/05) |
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| • | Yield = 6.17% |
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| Price |
| Yield |
| Preferred |
| Callable |
| Convertible |
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Class B |
| $ | 9.25 |
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| 8.0 | % |
| Yes |
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| July 2005 |
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| Immediate |
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Class C |
| $ | 10.00 |
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| 7.0 | % |
| Yes |
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| Aug. 2006 |
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| Aug. 2010 |
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Class D |
| $ | 10.00 |
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| 6.5 | % |
| No |
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| Sept. 2005 |
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| Sept. 2011 |
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Good Things Happen
on Great Real Estate
• | 17% FFO* Growth/Share |
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• | 100% Total Asset Growth |
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• | 111% Revenue Growth |
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• | 33% Total Shareholder Returns |
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* NAREIT FFO, adjusted for non-cash, non-operational charges |
[CHARTS APPEARS HERE]
[GRAPHIC APPEARS HERE]
[CHART APPEARS HERE]
[CHART APPEARS HERE]
*Net of Securities Commission Expense |
Consistent FFO & Dividend Growth
[CHART APPEARS HERE]
• | Continue to grow FFO/Share |
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• | Increase Total Assets by $200 Million by midyear 2006 |
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• | Raise accretive capital both for our REIT portfolio and our affiliated retail partnership funds |
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• | Strengthen Portfolio Quality by Selling Non-Core Assets and Keeping Debt to Total Assets Under 55% |
• | High quality real estate |
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• | Our strong platform |
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• | Dynamic capital structure |
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• | Our local market knowledge and relationships |
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• | Experienced management team |
[GRAPHICS APPEARS HERE]
Kerr Taylor
Chief Executive Officer
ktaylor@amreit.com
Chad Braun
Chief Financial Officer
cbraun@amreit.com
Debbie Lucas
VP Investor Relations
& Corporate Communications
dlucas@amreit.com
www.amreit.com
1-800-888-4400
[GRAPHIC APPEARS HERE]