Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 230

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 1A
Chunk 230
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 2024, 2023 and 2022, the Company declared quarterly distributions in an amount equal to $0.135600 per share, which represented an annualized rate of 3%, 3% and 3% based on the previously estimated per share NAV as of December 31, 2023, 2022 and 2021, respectively, payable in arrears the following quarter.The table below presents the distributions declared and paid during the years ended December 31, 2024, 2023 and 2022. 

        December 31,

        2024

        2023

        2022

        Distributions paid
         
        $
        19,602

        $
        19,636

        $
        19,583

        Distributions declared
         
        $
        19,595

        $
        19,634

        $
        19,602

       For federal income tax purposes, distributions may consist of ordinary dividend income, qualified dividend income, non-taxable return of capital, capital gains or a combination thereof. Distributions to the extent of the Company’s current and accumulated earnings and profits for federal income tax purposes are taxable to the recipient as either ordinary dividend income or, if so declared by the Company, qualified dividend income or capital gain dividends. Distributions in excess of these earnings and profits (calculated for income tax purposes) constitute a non-taxable return of capital rather than ordinary dividend income or a capital gain dividend and reduce the recipient’s tax basis in the shares to the extent thereof. Distributions in excess of earnings and profits that reduce a recipient’s tax basis in the shares have the effect of deferring taxation of the amount of the distribution until the sale of the stockholder’s shares. If the recipient's tax basis is reduced to zero, distributions in excess of the aforementioned earnings and profits (calculated for income tax purposes) constitute taxable gain.The following table sets forth the taxability of distributions on common shares, on a per share basis, paid in 2024, 2023 and 2022: 

        2024

        2023

        2022

        Ordinary income
         
        $
        —

        $
        —

        $
        —

        Capital gain
         
        $
        —

        $
        —

        $
        —

        Nontaxable return of capital
         
        $
        0.54

        $
        0.54