Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 254

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 6
Chunk 254
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 to the fact that we did not acquire any properties in 2023. We acquired eight properties during the year ended December 31, 2022.

Financing activities

    For the year ended December 31,
     
    Change

    2024
     
    2023
     
    2022
     
    2024 vs. 2023
     
    2023 vs. 2022

    (Dollar amounts in thousands)

    Total net changes related to debt
    $
    (9,340
    )
    $
    (9,674
    )
    $
    253,837
     
    $
    334
     
    $
    (263,511
    )

    Proceeds from DRP
     
    5,001

    6,976

    7,287

    (1,975
    )
     
    (311
    )

    Shares repurchased
     
    (5,001
    )
     
    (5,966
    )
     
    (3,645
    )
     
    965

    (2,321
    )

    Distributions paid
     
    (19,602
    )
     
    (19,636
    )
     
    (19,583
    )
     
    34

    (53
    )

    Early termination of interest rate swap agreements, net
     
    —

    370

    (227
    )
     
    (370
    )
     
    597

    Net cash (used in) provided by financing activities
    $
    (28,942
    )
    $
    (27,930
    )
    $
    237,669
     
    $
    (1,012
    )
    $
    (265,599
    )

During 2024 and 2023, cash was used to repay debt. During 2022, we drew approximately $278 million on the Credit Facility to fund purchase of properties. During the years ended December 31, 2024, 2023 and 2022, we generated proceeds from the sale of shares pursuant to the DRP of $5.0 million, $7.0 million and $7.3 million, respectively. During the years ended December 31, 2024, 2023 and 2022, share repurchases were $