Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 242

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 5
Chunk 242
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Market Information

There is no established public trading market for our shares of common stock. To assist broker dealers with satisfying their customer account statement requirements under FINRA Rule 2231, our board has historically published an Estimated Per Share NAV. Our board last published an estimate in March 2024 but does not intend to publish an updated estimate while reviewing or considering strategic alternatives. The estimate is dated and should no longer be used for any purpose. The board will only consider evaluating net asset value and publishing an estimate if the strategic review does not result in a liquidity event or the board terminates its review of strategic alternatives.

As of March 4, 2025, we had 15,932 stockholders of record.

Distributions

We currently pay distributions on a quarterly basis. However, the actual amount and timing of distributions, if any, is determined by our board of directors in its discretion, based on its analysis of our actual and expected cash flow, capital expenditures and investments, as well as general financial conditions.

During both the years ended December 31, 2024 and 2023, we declared quarterly distributions in an amount equal to $0.135600 per share.

The following table shows the sources for the payment of distributions to common stockholders for the periods indicated (Dollar amounts in thousands):

    Year Ended December 31, 2024
     
    Year Ended December 31, 2023

    % ofDistributions

    % ofDistributions

    Distributions:

    Distributions paid in cash
    $
    14,601

    $
    12,660

    Distributions reinvested through DRP (1)
     
    5,001

    6,976

    Total distributions
    $
    19,602

    $
    19,636

    Source of distribution coverage:

    Cash flows provided by operating activities
    $
    19,602

    100
    %
    $
    19,636

    100
    %

    Proceeds from DRP
     
    —

    —
    %
     
    —

    —
    %

    Total source of distribution coverage
    $
    19,602

    100
    %
    $
    19,636

    100
    %

    Cash flows provided by operating activities   (GAAP basis)
    $
    43,292

    $
    39,401

    Net loss (in accordance with GAAP