Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 310

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 6
Chunk 310
---
    Preferred stock, $.001 par value, 40,000,000 shares authorized, none outstanding
     
    —

    —

    Common stock, $.001 par value, 1,460,000,000 shares authorized, 36,104,130 and    36,163,852 shares issued and outstanding as of December 31, 2024 and 2023,    respectively
     
    36

    36

    Additional paid in capital
     
    816,149

    816,047

    Accumulated distributions and net loss
     
    (467,427
    )

    (432,854
    )

    Accumulated other comprehensive income
     
    20,678

    25,126

    Total stockholders’ equity
     
    369,436

    408,355

    Total liabilities and stockholders’ equity
    $
    1,294,825

    $
    1,344,040

See accompanying notes to consolidated financial statements.

74

INLAND REAL ESTATE INCOME TRUST, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

(Dollar amounts in thousands, except per share amounts)

For the years ended December 31, 2024, 2023 and 2022

    2024

    2023

    2022

    Income:

    Rental income
    $
    149,829

    $
    149,636

    $
    133,432

    Other property income
     
    376

    336

    214

    Total income
     
    150,205

    149,972

    133,646

    Expenses:

    Property operating expenses
     
    30,721

    30,088

    25,073

    Real estate tax expense
     
    17,923

    18,362

    17,210

    General and administrative expenses
     
    5,817

    5,237

    5,400

    Business management fee
     
    8,963

    9,632

    10,212

    Depreciation and amortization
     
    60,809

    59,542

    55