Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 384

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 8
Chunk 384
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March 5, 2025

73

INLAND REAL ESTATE INCOME TRUST, INC.

CONSOLIDATED BALANCE SHEETS

(Dollar amounts in thousands, except per share amounts)

    December 31, 2024

    December 31, 2023

    ASSETS

    Assets:

    Investment properties held and used:

    Land
    $
    330,456

    $
    330,456

    Building and other improvements
     
    1,226,896

    1,209,740

    Total
     
    1,557,352

    1,540,196

    Less accumulated depreciation
     
    (385,932
    )

    (335,700
    )

    Net investment properties held and used
     
    1,171,420

    1,204,496

    Cash and cash equivalents
     
    6,416

    5,975

    Restricted cash
     
    480

    479

    Accounts and rent receivable
     
    23,355

    23,645

    Acquired lease intangible assets, net
     
    49,052

    61,827

    Operating lease right-of-use asset, net
     
    13,359

    13,745

    Other assets
     
    30,743

    33,873

    Total assets
    $
    1,294,825

    $
    1,344,040

    LIABILITIES AND EQUITY

    Liabilities:

    Mortgages and credit facility payable, net
    $
    835,746

    $
    843,890

    Accounts payable and accrued expenses
     
    10,792

    11,182

    Operating lease liability
     
    25,286

    24,992

    Distributions payable
     
    4,898

    4,905

    Acquired intangible liabilities, net
     
    34,056

    37,420

    Due to related parties
     
    2,668

    2,796

    Other liabilities
     
    11,943

    10,500

    Total liabilities
     
    925,389

    935,685

    Commitments