Inland Real Estate Income Trust, Inc.
Inland Real Estate Income Trust, Inc. is a non-listed REIT formed to acquire and manage primarily grocery-anchored retail properties across the United States.
Inland Real Estate Income Trust, Inc. (Inland Income Trust) was formed and sponsored by Inland Investments to acquire and manage a portfolio of commercial real estate investments located in the United States. Inland Income Trust’s strategic plan has focused primarily on acquiring and owning a portfolio substantially all of which is comprised of grocery-anchored properties. A majority of Inland Income Trust’s properties are multi-tenant, necessity-based retail shopping centers located primarily in major regional markets and growing secondary markets throughout the United States. Inland Income Trust has elected to be taxed as a REIT for U.S. federal income tax purposes.
Inland Income Trust Portfolio
Total Assets
$1,255,058,000
Debt to Total Assets*
66.2%
Total Number of Properties
52
Total Square Feet
7,169,567
Economic Occupancy1
91.6%
Physical Occupancy
91.3%
Distributions Paid YTD2
$14,692,000
Annualized Rate of Q1 2025 Distribution3
2.8%
Top 5 Tenants
| Tenant Name | % of Annualized Base Rent | Credit Rating4 |
|---|---|---|
|
The Kroger Co. |
4.3 | BBB |
| The TJX Companies, Inc. | 3.4 | A |
| Ross Dress for Less, Inc. | 2.5 | BBB+ |
| Ulta Salon, Cosmetics & Fragrance Inc. | 2.2 | NR |
| Amazon/Whole Foods Market Group, Inc. | 2.0 | AA |
| Total | 14.4% |
Debt Maturity & Principal Payments
| Mortgages and Credit Facility Payable | |
|---|---|
| 2025 | $92,686,000 |
| 2026 | $162,727,000 |
| 2027 | $575,000,000 |
| Total | $830,413,000 |
Lease Maturity (Percent of Leases Expiring)
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.
2 Distributions generally have been paid quarterly. This amount paid in 2025 includes the distribution to stockholders of record as of 12/31/24 which was paid in the first quarter of 2025. Distributions were funded by cash flows from operating activities during the nine months ended September 30, 2025.
3 The annualized rate corresponds to the distribution paid to stockholders of record as of 9/30/2025, is based on the estimated per share net asset value (NAV) as of 12/31/23. 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.
4 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 to the public only by a prospectus that has been filed or registered with appropriate state and federal regulatory agencies or pursuant to an exemption from those registration requirements. Neither the Securities and Exchange Commission nor any state securities regulator has approved or disapproved of the securities of Inland Income Trust. Any representation to the contrary is unlawful.
Important Risk Factors to Consider
An investment in Inland Real Estate Income Trust, Inc. (Inland Income Trust) is subject to certain risks including, without limitation, 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, and other factors detailed under Risk Factors in Inland Income Trust’s most recent Form 10-K for the year ended December 31, 2024 filed on March 5, 2025 and subsequent quarterly reports filed on Form 10-Q with the Securities and Exchange Commission.