Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 143

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 1A
Chunk 143
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 example, reduce the demand for rental space;

•If a transaction does not occur as a result of the board’s strategic review, we may pursue redevelopment activities, which are subject to several risks, including, but not limited to: expending resources to determine the feasibility of the project or projects that are then not pursued or completed; construction delays or cost overruns; failure to meet anticipated occupancy or rent levels within the projected time frame, if at all; exposure to fluctuations in the general economy due to the significant time lag between commencing and completing the project; and reduced rental income during the period of time we are redeveloping an asset or assets;

•Our Business Manager and its affiliates face conflicts of interest caused by, among other things, their compensation arrangements with us, and the simultaneous overlapping leadership roles certain of our executive officers have at the Business Manager and its affiliates, which could result in actions that are not in the long-term best interests of our stockholders;

•Market disruptions resulting from any future disruptions from a possible global pandemic or epidemic, the ongoing hostilities between Israel and Hamas and between Russia and Ukraine, NATO and the international community’s response thereto and other geopolitical events affecting the financing markets generally, inflation, tariffs, volatility in interest rates, supply chain shortages that affect our tenants or other disruptions caused by events beyond our control may adversely impact the economy generally and the retail sector in particular;

•We have incurred net losses on a GAAP basis for the years ended December 31, 2024, 2023 and 2022, and future net losses could have a material adverse impact on our financial condition, operations, cash flow, and our ability to service our indebtedness or pay distributions to our stockholders;

•Our Sponsor may face a conflict of interest in allocating personnel and resources between its affiliates, our Business Manager and our Real Estate Manager;

•We do not have arm’s-length agreements with our Business Manager, our Real Estate Manager or any other affiliates of our Sponsor;

•We pay fees, which may be significant, to our Business Manager, Real Estate Manager and other affiliates of our Sponsor;

•Our properties may compete with the properties owned by other programs sponsored by our Sponsor or IPC for, among other things, tenants;

•Our Business Manager is under no obligation, and may not agree, to forgo or defer its business management fee; and

•If we fail to continue to qualify as a REIT, our operations and distributions to stockholders, if any, will be adversely affected.

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Forward-looking statements