Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 259

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 6
Chunk 259
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ollar amounts in thousands)

A total of 44 investment properties that were acquired on or before January 1, 2022 and classified as held and used as of December 31, 2023 and 2022 represent our “same store” properties during the years ended December 31, 2023 and 2022. “Non-same store,” as reflected in the table below, consists of properties acquired after January 1, 2022. For the years ended December 31, 2023 and 2022, eight properties that were acquired on May 17, 2022 constituted non-same store properties.

The following table presents the property net operating income broken out between same store and non-same store, prior to straight-line income (expense), net, amortization of intangibles, interest, and depreciation and amortization for the years ended December 31, 2023 and 2022, along with a reconciliation to net loss, calculated in accordance with GAAP.

    Total
     
    Same Store
     
    Non-Same Store

    For the year ended December 31,
     
    For the year ended December 31,
     
    For the year ended December 31,

    2023
     
    2022
     
    Change
     
    2023
     
    2022
     
    Change
     
    2023
     
    2022
     
    Change

    Rental income
    $
    146,421
     
    $
    132,030
     
    $
    14,391
     
    $
    122,427
     
    $
    117,492
     
    $
    4,935
     
    $
    23,994
     
    $
    14,538
     
    $
    9,456

    Other property income
     
    336

    214

    122

    183

    112

    71

    153

    102

    51

    Total income
     
    146,757

    132,244

    14,513

    122,610

    117,604

    5,006

    24,147

    14,640

    9,507

    Property operating expenses
     
    29