Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 417

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 417
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 or liabilities that the entity has the ability to access.

      Level 2 −
       
      Observable inputs, other than quoted prices included in Level 1, such as quoted prices for similar assets and liabilities in active markets; quoted prices for identical or similar assets and liabilities in markets that are not active; or other inputs that are observable or can be corroborated by observable market data.

      Level 3 −
       
      Unobservable inputs that are supported by little or no market activity and that are significant to the fair value of the assets and liabilities. This includes certain pricing models, discounted cash flow methodologies and similar techniques that use significant unobservable inputs.
     
     The Company has estimated the fair value of its financial and non-financial instruments using available market information and valuation methodologies the Company believes to be appropriate for these purposes.Recurring Fair Value MeasurementsFor assets and liabilities measured at fair value on a recurring basis, the table below presents the fair value of the Company’s cash flow hedges as well as their classification on the consolidated balance sheets as of December 31, 2024 and 2023. 

        Fair Value

        Level 1

        Level 2

        Level 3

        Total

        December 31, 2024

        Interest rate swap agreements - Other assets
        $
        —

        $
        19,437

        $
        —

        $
        19,437

        Interest rate swap agreements - Other liabilities
        $
        —

        $
        —

        $
        —

        $
        —

        December 31, 2023

        Interest rate swap agreements - Other assets
        $
        —

        $
        23,285

        $
        —

        $
        23,285

        Interest rate swap agreements - Other liabilities
        $
        —

        $
        —

        $
        —

        $
        —

95

INLAND REAL ESTATE INCOME TRUST, INC.NOTES TO CONSOLIDATED FINANCIAL STATEMENTSDecember 31, 2024(Dollar amounts in thousands, except per share amounts) 

The fair value of derivative instruments was estimated based on data observed in the forward yield curve which is widely observed in the marketplace. The Company also incorporates credit valuation adjustments to appropriately reflect both its own nonperformance risk and the counterparty's nonperformance risk in the fair value measurements which utilize Level 3 inputs, such as estimates of current credit spreads. The Company has determined that the credit valuation adjustments are not significant to the overall valuation of