Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 252

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 6
Chunk 252
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 2024 and December 31, 2023, our borrowings were 52% of the purchase price of our investment properties. As of December 31, 2024 our cash and cash equivalents balance was $6.4 million.

As of March 5, 2025, in the next twelve months, we have four mortgage loans maturing with an aggregate principal balance of $137.7 million, which we intend to repay with cash flows from operating activities, cash on hand, proceeds available under the Revolving Credit Facility or proceeds from refinancing of mortgage loans. The weighted average interest rate on these four mortgage loans is 3.97% per annum as of December 31, 2024, which includes the effects of interest rate swaps.

During the year ended December 31, 2024, we generated proceeds of $5.0 million from the sale of shares through the DRP and used this capital to repurchase an aggregate of $5.0 million of shares of common stock pursuant to the SRP.

During the year ended December 31, 2024, we invested $13.9 million on capital expenditures and tenant improvements, which is approximately $3.6 million more than we did in the year ended December 31, 2023. For 2025, we have budgeted approximately $21.2 million for capital expenditures and tenant improvements.

42

As of December 31, 2024, we have paid all interest and principal amounts when due, and were in compliance with all financial covenants under the Credit Facility, as amended.

Cash Flow Analysis

    For the year ended December 31,
     
    Change

    2024
     
    2023
     
    2022
     
    2024 vs. 2023
     
    2023 vs. 2022

    (Dollar amounts in thousands)

    Net cash flows provided by operating activities
    $
    43,292
     
    $
    39,401
     
    $
    44,787
     
    $
    3,891
     
    $
    (5,386
    )

    Net cash flows used in investing activities
    $
    (13,908
    )
    $
    (10,351
    )
    $
    (290,505
    )
    $
    (3,557
    )
    $
    280,154

    Net cash