Portfolio

 

 

Inland Real Estate Income Trust, Inc.

 

 

 

 

 

All data as of September 30, 2023

Portfolio Summary

Total Assets
$1,369,975,000
Debt to Total Assets*
61.8%
Total Number of Properties
52
Total Square Feet
7,166,282
Economic Occupancy1
91.9%
Physical Occupancy
91.3%
Distributions Paid YTD2
$14,729,000
Annualized Rate of Q2 2023 Distribution3
2.7%
*Excludes mortgage premium and unamortized debt issuance costs

Property Diversification (Based on ABR)

 

Top 5 Tenants

Tenant Name % of Annualized Base Rent Credit Rating4
Kroger 4.3 BBB
T.J.Maxx/Home Goods/Marshalls 3.4 A
Ulta Salon, Cosmetics & Fragrance Inc. 2.2 BBB+
Ross Dress for Less, Inc. 2.2 NR
Amazon/Whole Foods 2.1 AA
Total 14.2%  

Debt Maturity & Principal Payments

  Mortgages and Credit Facility Payable
2023 $83,000
2024 $341,000
2025 $92,951,000
2026 $178,727,000
2027 $575,000,000
Total $847,102,000

Lease Maturity (Percent of Leases Expiring)

 

1Economic occupancy is defined as the percentage of total gross leasable area for which a tenant is obligated to pay rent under the terms of its lease agreement, regardless of the actual use or occupation by that tenant of the area being leased.

2Distributions generally have been paid quarterly. This amount paid in 2023 includes the distribution to stockholders of record as of 12/31/22, which was paid in the first quarter of 2023. Distributions paid during the year ended 12/31/22 were funded by cash flow from operations.

3The annualized rate corresponds to the distribution paid to stockholders of record as of 9/2023, is based on the estimated per share net asset value (NAV) as of 12/31/22 of $19.86 and assumes distributions will be paid quarterly. Distributions are authorized by the board in its discretion, and the Company’s approach to distributions, such as the frequency and amounts of any future distributions, may be modified at any time.

4These Standard & Poor’s (S&P) credit ratings express the agency’s opinion about the ability and willingness of a company to meet its financial obligations in full and on time. Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). “NR” is used to classify securities for which a rating is not available.

This material is neither an offer to sell nor a solicitation of an offer to buy any security.

Important Risk Factors to Consider

Some of the risks related to investing in commercial real estate include, but are not limited to: economic market risks such as persistently high inflation and measures taken to combat inflation and local property supply and demand conditions; tenants’ inability to pay rent; tenant turnover; inflation and other increases in operating costs; adverse changes in laws and regulations; relative illiquidity of real estate investments; changing market demographics; acts of God such as a resurgence of COVID-19 or a new pandemic, earthquakes, floods or other uninsured losses; interest rate increases or fluctuations; and availability of financing.

An investment in Inland Income Trust’s shares involves significant risks. If Inland Income Trust is unable to effectively manage these risks, it may not meet its investment objectives and investors may lose some or all of their investment. Some of the risks related to investing in Inland Income Trust include, but are not limited to: competition from internet retailers with our tenants for sales revenue; there is limited liquidity because shares are not bought and sold on an exchange; our share repurchase program may be modified or terminated, and ours was previously suspended temporarily as a result of the COVID-19 pandemic; there is no guarantee that a liquidity event will occur, and the timing of any liquidity event is uncertain; distributions cannot be guaranteed and may be paid from sources other than cash flow from operations, including borrowings or proceeds of our distribution reinvestment plan; unexpected costs or losses incurred in pursuing redevelopments; and failure to continue to qualify as a REIT and thus being required to pay federal, state and local taxes. Please consult Inland Income Trust’s most recent Annual Report on Form 10-K for the fiscal year ended December 31, 2022, filed with the SEC on March 23, 2023, and subsequent Quarterly Reports on Form 10-Q on file with the SEC for more information on the specific risks. The Inland name and logo are registered trademarks being used under license.

This website is neither an offer to sell nor a solicitation of an offer to buy any security which can be made only by a prospectus or offering memorandum, which has been filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers and registered investment advisors authorized to do so. All of the content on inland-investments.com is subject to terms and conditions available on Important Disclosures.

The Inland name and logo are registered trademarks being used under license. "Inland" refers to The Inland Real Estate Group of Companies, Inc. which is comprised of a group of independent legal entities some of which may be affiliates, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof including the Inland Real Estate Investment Corporation (Inland Investments) and Inland Securities Corporation. Inland Securities Corporation, member FINRA/SIPC, is dealer manager and placement agent for programs sponsored by Inland Investments and Inland Private Capital, respectively. For more information on Inland Securities Corporation, visit FINRA BrokerCheck.