Corporate Profile
![]() INLAND REAL ESTATE CORPORATION (NYSE - IRC)
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| Market Value ($M) | 677.95 | | Stock Quote | $ 8.03 | | Change | $ (0.18) 
2.19 % | | Volume | 434,606 | | As of February 9, 2010 3:45 PM
Minimum 20 minute delay. |
|  | Webcast
2009 Fourth Quarter Earnings Conference Call & Webcast
Thursday, February 11, 2010
3:00 PM 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 approximately $1.8 billion in assets. We currently own interests in 139 properties totaling more than 14 million square feet of gross leasable area. Our shopping centers are largely value and necessity-based, with grocer, drug and discount-anchored centers comprising over 64 percent of total portfolio retail square footage.
Approximately 66% of our retail portfolio is concentrated in the Chicago metropolitan area and northwest Indiana. We also have a substantial presence in the Minneapolis-St. Paul area, where approximately 17% of our assets are located. We also own retail assets in southern Wisconsin, downstate Illinois, Ohio, Michigan, Missouri, Nebraska, and Tennessee.
Leased occupancy of our total portfolio is over 92%. Our tenants range from small independent stores to local chains to large national retailers. Our two largest tenants are SUPERVALU, Inc., which occupies approximately 7% of our total portfolio square footage and provides over 6% of our base rental income, and Dominick's Finer Foods, a subsidiary of Safeway, which occupies over 4% of our total portfolio and provides approximately 4% of our base rental income.
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.
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