Company: INRE
Filing Date: 2025-03-05
Form Type: 10-K
Source: 0000950170-25-033568
Chunk: 140

Company: Inland Real Estate Income Trust, Inc.
Filing Date: 2025-03-05
Form: 10-K
Item: Item 1A
Chunk 140
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 apply. Under the Fifth SRP, the board of directors has discretion to establish the proceeds available to fund repurchases each quarter and could use proceeds from all sources available to us, in the board’s sole discretion. The board of directors also has the discretion to determine the amount of repurchases, if any, to be made each quarter based on its evaluation of our business, cash needs and any other requirements of applicable law. The entirety of the Fifth SRP can be found on our website. The SRP will immediately terminate if our shares of common stock become listed for trading on a national securities exchange. In addition, our board of directors, 

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in its sole discretion, may, at any time, amend or terminate the SRP. During the years ended December 31, 2024, 2023 and 2022, we made repurchases aggregating $5.0 million, $6.0 million and $3.6 million, respectively, funded primarily with the proceeds from the DRP. On September 18, 2024, the board suspended the SRP effective as of October 1, 2024 in connection with the board’s review of strategic alternatives. During the suspension, we will not repurchase shares under the SRP. Any outstanding repurchase requests will automatically roll over for processing under the terms and conditions of the SRP if the SRP is reinstated unless a stockholder withdraws the request for repurchase. There is no assurance the SRP will be reinstated.

The following table summarizes the repurchases of shares of our common stock under the SRP during the year ended December 31, 2024 (Dollar amounts in thousands except per share amounts):

    Period
     
    Total SharesRequestedto beRepurchased (1)

    Total Numberof SharesRepurchased

    Average Price Paid per Share

    Amount of Shares Repurchased

    Total Number of Shares Repurchased as Part of Publicly Announced Plans or Programs

    Maximum Number of Shares that May Yet be Purchased Under the Plans or Programs

    January 1, 2024 – January 31, 2024

    2,005,220

    106,452

    $
    15.89

    $
    1,691

    106,452

    1,701,741

    February 1, 2024 – February 29, 2024

    —

    —

    —

    —

    —

    1,