Risk Factors

The words “we,” “us,” “our” and “Inland Income Trust” and the “Company” below refer to Inland Real Estate Income Trust, Inc. 

An investment in shares of Inland Income Trust involves significant risks. If the Company 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 the Company include, but are not limited to: the uncertainties related to general economic, stock market and commercial real estate market conditions; competition with our tenants from internet businesses; unforeseen events affecting the commercial real estate industry, retail real estate, or particular markets; unexpected costs or losses incurred in pursuing redevelopments; 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; there is no current public trading market for the Company’s common stock, and the Company does not expect that such a market will develop; our Business Manager and its affiliates face conflicts of interest caused by, among other things, their compensation arrangements with us, and the simultaneous overlapping leadership roles certain of our executive officers have at the Business Manager and its affiliates, which could result in actions that are not in the long-term best interests of our stockholders; market disruptions resulting from any future disruptions from a possible global pandemic or epidemic; geopolitical events affecting the financing markets generally, inflation, tariffs, volatility in interest rates, supply chain shortages that affect our tenants or other disruptions caused by events beyond our control may adversely impact the economy generally and the retail sector in particular; we have incurred net losses on a GAAP basis in prior years, and future net losses could have a material adverse impact on our financial condition, operations, cash flow, and our ability to service our indebtedness or pay distributions to our stockholders; Inland Investments may face a conflict of interest in allocating personnel and resources between its affiliates, our Business Manager and our Real Estate Manager; we do not have arm’s-length agreements with our Business Manager, our Real Estate Manager or any other affiliates of Inland Investments; we pay fees, which may be significant, to our Business Manager, Real Estate Manager and other affiliates of Inland Investments; our properties may compete with the properties owned by other programs sponsored by Inland Investments for, among other things, tenants; and failure to continue to qualify as a REIT and thus being required to pay federal, state and local taxes. You should carefully review the “Risk Factors” section of our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q for a discussion of the risks and uncertainties that we believe are material to our business, operating results, prospects and financial condition.