Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 253

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 6
Chunk 253
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 flows (used in) provided by financing activities
    $
    (28,942
    )
    $
    (27,930
    )
    $
    237,669
     
    $
    (1,012
    )
    $
    (265,599
    )

Operating activities

Cash provided by operating activities increased $3.9 million during 2024 compared to 2023 and decreased $5.4 million during 2023 compared to 2022. The increase from 2023 to 2024 was primarily due to an increase in property net operating income primarily due to higher base rent, a decrease in cash paid for interest due to lower average debt outstanding and a decrease in business management fees in 2024 resulting from a change in the fee that became effective April 1, 2023. The decrease from 2022 to 2023 was primarily due to higher interest payments, the timing of payments to related parties and a decrease in prepaid rent.

Investing activities

    For the year ended December 31,
     
    Change

    2024
     
    2023
     
    2022
     
    2024 vs. 2023
     
    2023 vs. 2022

    (Dollar amounts in thousands)

    Purchase of investment properties
    $
    —
     
    $
    —
     
    $
    (277,880
    )
    $
    —
     
    $
    277,880

    Capital expenditures
     
    (13,908
    )
     
    (10,351
    )
     
    (12,404
    )
     
    (3,557
    )
     
    2,053

    Other assets
     
    —

    —

    (221
    )
     
    —

    221

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

During the year ended December 31, 2024, there was an increase in cash used in investing activities compared to 2023 due to an increase in capital expenditures. During the year ended December 31, 2023, there was a decrease in cash used in investing activities compared to 2022 primarily due