Portfolio

 

 

Inland Real Estate Income Trust, Inc.

 

 

 

 

 

All data as of September 30, 2019

Portfolio Summary

Total Assets
$1,287,759,000
Debt to Total Assets*
54%
Total Number of Properties
59
Total Square Feet
6,870,249
Economic Occupancy1
95.0%
Physical Occupancy
94.6%
Distributions Paid YTD
$33,437,000
Annualized Distribution Rate2
6.0%
*Excludes mortgage premium and unamortized debt issuance costs

Property Diversification (Based on ABR)

 

Top 5 Tenants

Tenant Name % of Annualized Base Rent Credit Rating3
Kroger 3.5 BBB
Dick’s Sporting Goods 3.4 NR
T.J.Maxx/HomeGoods/Marshalls 3.3 A+
PetSmart 3.0 NR
Ross Dress for Less 2.7 A-
Total 15.9%  

Debt Maturity & Principal Payments

  Mortgages and Credit Facility Payable
2019 $7,520,000
2020 $897,000
2021 $84,271,000
2022 $227,675,000
2023 $241,556,000
Thereafter $138,019,000
Total 699,938,000

Lease Maturity (Percent of Leases Expiring)

 

1 Economic 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. Economic occupancy excludes square footage that Inland Income Trust owns but which is not occupied by a tenant and which is subject to an earnout component on the original purchase price.

2 Distributions are payable quarterly and are generally based on the then-current estimated per share net asset value (NAV). Distributions are not guaranteed and may be modified at any time. For the twelve months ended December 31, 2018, 100% of distributions were paid from cash flow from operations.

3 These 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, which can be made only by a prospectus filed or registered with appropriate state and federal regulatory agencies, and sold only by broker dealers and registered investment advisors authorized to do so.

Important Risk Factors to Consider

Some of the risks related to investing in commercial real estate include, but are not limited to: market risks such as 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 earthquakes, floods or other uninsured losses; interest rate 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: there is limited liquidity because shares are not bought and sold on an exchange; repurchase programs may be modified or terminated; there is no guarantee that a liquidity event will occur; 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; 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 year ended December 31, 2018 filed on March 20, 2019 with the Securities and Exchange Commission for more information on the specific risks.

The Inland name and logo are registered trademarks being used under license. This material has been distributed by Inland Securities Corporation, member FINRA/SIPC, dealer manager for Inland Income Trust.

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.

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. Inland Securities Corporation, member FINRA/SIPC, is dealer manager for investment programs sponsored by Inland Investments. For more information on Inland Securities Corporation, visit FINRA BrokerCheck.