Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 139

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 1A
Chunk 139
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 equal to $0.135600 per share.

The following table shows the sources for the payment of distributions to common stockholders for the periods indicated (Dollar amounts in thousands):

    Year Ended December 31, 2024
     
    Year Ended December 31, 2023

    % ofDistributions

    % ofDistributions

    Distributions:

    Distributions paid in cash
    $
    14,601

    $
    12,660

    Distributions reinvested through DRP (1)
     
    5,001

    6,976

    Total distributions
    $
    19,602

    $
    19,636

    Source of distribution coverage:

    Cash flows provided by operating activities
    $
    19,602

    100
    %
    $
    19,636

    100
    %

    Proceeds from DRP
     
    —

    —
    %
     
    —

    —
    %

    Total source of distribution coverage
    $
    19,602

    100
    %
    $
    19,636

    100
    %

    Cash flows provided by operating activities   (GAAP basis)
    $
    43,292

    $
    39,401

    Net loss (in accordance with GAAP)
    $
    (14,978
    )

    $
    (15,123
    )

    ____________

(1)On September 18, 2024, in connection with the process to review strategic alternatives, including the sale of the Company, our board of directors suspended the DRP effective as of October 1, 2024.

Share Repurchase Program

We are authorized, through the share repurchase program or “SRP” to repurchase shares from stockholders who purchased their shares from us as opposed to another stockholder or received their shares through a non-cash transfer and have held their shares for at least one year. Repurchases are governed by the terms of the Fifth Amended and Restated Share Program (the “Fifth SRP”) adopted by the board on November 7, 2023, effective on December 27, 2023. Repurchases are made in our sole discretion. In the case of repurchases made upon the death of a stockholder or qualifying disability (“Exceptional Repurchases”), as defined in the SRP, the one year holding period does not