Exhibit 99.2
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Exhibit 99.2
| ++ Earnings Webcast ++ |
AMY:06 | 1st Quarter 2006 |
| May 4, 2006 |
In addition to historical information, this presentation contains forward-looking statements under the federal securities law. These statements are based on current expectations, estimates and projections about the industry and markets in which AmREIT operates, and beliefs and assumptions made by management. Past performance is not indicative of future returns. Forward-looking statements are not guarantees of future performance and involve certain risks and uncertainties, which are difficult to predict. The estimated 2006 amounts included herein are based solely on management’s 2006 forecast and do not represent historical results of operations or financial condition.
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[GRAPHICS APPEAR HERE]
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[GRAPHIC APPEARS HERE]
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FFO Per Share Quarter vs. Annual
[CHART APPEARS HERE]
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1 Real Estate Development and Operating Business
As a real estate development and operating company, we provide value by offering an array of services to our tenants and properties, to our asset advisory group’s portfolios and to third parties.
[GRAPHIC APPEARS HERE]
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Real Estate Development and Operating FFO Segment Contribution (in thousands)
[CHART APPEARS HERE]
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Our asset advisory business broadens the Company’s avenues to capital and raises private equity for a series of merchant development partnership funds.
[GRAPHIC APPEARS HERE]
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Capital Under Management in Advisory Group (in millions)
[CHART APPEARS HERE]
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[GRAPHIC APPEARS HERE]
[CHART APPEARS HERE]
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3 Portfolio of Irreplaceable Corners
AmREIT’s institutional-grade portfolio of Irreplaceable Corners (IC), our most recognized business, provides a foundation to our FFO growth through a steady stream of rental income.
[GRAPHIC APPEARS HERE]
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[GRAPHICS APPEAR HERE]
Ideal Characteristics of an Irreplaceable Corner |
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+ High barriers to entry |
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+ Strong 3-mile demographics |
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+ High traffic counts |
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+ Located on a lighted “Main and Main” corner |
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+ National and regional market dominant tenants |
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[GRAPHICS APPEAR HERE]
Uptown Plaza
Dallas, TX
Acquired March 2006
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Total FFO* by Segment vs. Total Dividends Paid (Class A, B, C & D Common Shares) (in millions)
[CHART APPEARS HERE]
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Becoming a leading company in generating FFO per share for our shareholders over the long-term is our number one financial goal.
[GRAPHICS APPEAR HERE]
Since 2003: | |
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• | 19% average annual growth in FFO per share |
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• | 15% average annual dividend growth |
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• | 108% average annual growth in total assets |
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• | 131% average annual growth in portfolio equity |
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Contact Names: | Debbie Lucas, | Date: | May 4, 2006 |
| Chad Braun, | Phone: | 1-800-888-4400 |
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Company: | AmREIT | Website: | www.amreit.com |
| 8 Greenway Plaza, Suite 1000 |
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| Houston, TX 77046 |
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[GRAPHICS APPEAR HERE]
DISCLAIMERS
Unless otherwise stated, all references to funds from operations (FFO) or FFO per share throughout this presentation represent amounts available to Class A shareholders.
All references to FFO within this presentation represent amounts available to Class A shareholders. References to 2003 and 2004 FFO have been adjusted for certain non-cash changes such as deferred merger charges and asset impairment charges.
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