All data as of December 31, 2018
Debt to Total Assets*54%
Total Number of Properties59
Total Square Feet6,870,124
Distributions Paid$40,313,000 (YTD through 12/31/18)
Annualized Distribution Rate26.0%
Tenant Diversification (Based on Gross Leaseable Area)
Property Diversification (Based on ABR)
Top 5 Tenants
|Tenant Name||# of Leases||% of Annualized Base Rent||Credit Rating3|
|Dick’s Sporting Goods||6||3.6||NR|
|Ross Dress for Less||9||2.5||A-|
Debt Maturity & Principal Payments
|Mortgages and Credit Facility Payable|
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.