Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 239

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 2
Chunk 239
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(Dollar amounts in thousands, except per square foot amounts)

The table below presents a summary of our investment properties as of December 31, 2024 and 2023.

    As of December 31, 2024

    As of December 31, 2023

    Number of properties
     
    52

    52

    Purchase price
    $
    1,624,667

    $
    1,624,667

    Total square footage
     
    7,168,608

    7,167,446

    Physical occupancy
     
    93.1
    %

    91.6
    %

    Economic occupancy
     
    93.4
    %

    92.0
    %

    Weighted average remaining lease term (years) (a)
     
    4.6

    4.6

(a)Weighted average remaining lease term is based on a weighting by ABR as of December 31, 2024.

31

As of December 31, 2024 and 2023, ABR per square foot averaged $19.72 and $19.61, respectively, for all properties owned. ABR is calculated by annualizing the monthly base rent for leases in-place as of the applicable date, excluding ground leases. ABR per square foot including ground leases averaged $16.93 and $16.79, as of December 31, 2024 and 2023, respectively.

During the years ended December 31, 2024 and 2023, we did not purchase or sell any properties.

32

The table below presents information for each of our investment properties as of December 31, 2024.

    Property
     
    Location
    SquareFootage
     
    PhysicalOccupancy
     
    EconomicOccupancy
     
    MortgageBalance
     
    InterestRate (b)

    Newington Fair (a)
     
    Newington, CT
     
    186,205

    100.0
    %
     
    100.0
    %
    $
    —

    —

    Wedgewood Commons (a)
     
    Olive Branch, MS
     
    169,558

    89.8
    %
     
    91.9
    %
     
    —

    —

    Park Avenue (a)
     
    Little Rock,