Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 408

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 408
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 unrecognized compensation expense related to the unvested restricted shares and restricted share units, in the aggregate. As of December 31, 2024, the weighted average remaining period that compensation expense related to unvested restricted shares will be recognized is 1.75 years. The total fair value at the vesting date for restricted shares and restricted share units that vested during the years ended December 31, 2024, 2023 and 2022 was $90, $90 and $80, respectively.A summary of the Company’s restricted share and restricted share unit activity during the years ended December 31, 2024, 2023 and 2022 is as follows: 

        RestrictedShares
         
        RestrictedShare Units

        Outstanding at December 31, 2021
         
        8,108

        252

        Granted (at grant date fair value of $20.20 per share)
         
        4,752

        4

        Vested
         
        (3,688
        )
         
        (256
        )

        Outstanding at December 31, 2022
         
        9,172

        —

        Granted (at grant date fair value of $19.86 per share)
         
        4,834

        —

        Vested
         
        (4,529
        )
         
        —

        Outstanding at December 31, 2023
         
        9,477

        —

        Granted (at grant date fair value of $19.17 per share)
         
        8,346

        —

        Vested
         
        (4,670
        )
         
        —

        Outstanding at December 31, 2024
         
        13,153

        —

NOTE 8 – INCOME TAX AND DISTRIBUTIONS The Company qualifies as a REIT under the Internal Revenue Code of 1986, as amended, for federal income tax purposes. In order to maintain the Company’s status as a REIT, the Company must annually distribute at least 90% of its REIT taxable income, subject to certain adjustments and excluding any net capital gain, to its stockholders. For the years ended December 31, 2024, 2023 and 2022, the Company’s REIT taxable (loss) income was $(773) (unaudited), $(3,960) (unaudited) and