{"schema_version":"secwatch.filing_event.v1","accession":"0000950170-23-006243","form_type":"8-K","ticker":"INRE","cik":"0001528985","company_name":"Inland Real Estate Income Trust, Inc.","filed_at":"2023-03-06T23:59:59+00:00","discovered_at":"2026-05-14T18:03:45.404448+00:00","generated_at":"2026-06-18T11:30:29.024128+00:00","sec_items":["2.02","7.01","5.03","8.01","9.01"],"event_type":"other_material","sentiment":"negative","materiality_score":0.65,"calibrated_materiality_score":0.65,"confidence":"high","headline":"Inland Real Estate Income Trust sets estimated NAV at $19.86 per share, down from $20.20","bullets":["Estimated per share NAV as of Dec 31, 2022 is $19.86, down from $20.20 as of Dec 31, 2021.","Board cites higher discount/terminal cap rates and big box retailer risks; Bed Bath & Beyond spaces expected to close in 2023, Party City in lease negotiations.","New DRP purchase price set at $19.86 per share; SRP repurchase price at $15.89 (80% of NAV).","Acquired eight shopping centers in May 2022; same-store real estate values decreased 7.8% vs original cost.","Weighted average discount rate 7.96%, terminal cap rate 7.14% used in valuation."],"urls":{"canonical":"https://secwatch.observer/filing/0000950170-23-006243","json":"https://secwatch.observer/filing/0000950170-23-006243.json","markdown":"https://secwatch.observer/filing/0000950170-23-006243.md","text":"https://secwatch.observer/filing/0000950170-23-006243.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1528985/000095017023006243/0000950170-23-006243-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1528985/000095017023006243/ireit-20230306.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-18T11:30:29.024128+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"9c5cb9aeeaba6a24e7ae8d4ed90c0f4789705c3d","claim":"Inland Real Estate Income Trust, Inc.: Adopted Fourth Amended and Restated Bylaws to update stockholder director nomination and proxy solicitation procedures in response to universal proxy rules (effective 2023-03-02).","evidence_excerpt":"On March 2, 2023, the board of directors of Inland Real Estate Income Trust, Inc. (the “Company”) approved and adopted the Company’s Fourth Amended and Restated Bylaws to update the Company’s bylaws to enhance the procedural and substantive requirements in connection with stockholder nominations of directors, solicitations of proxies and meetings to elect directors in part in response to the universal proxy rules adopted by the Securities and Exchange Commission.","evidence_source":"SEC 8-K Item 5.03/5.05/5.06","evidence_url":"https://www.sec.gov/Archives/edgar/data/1528985/000095017023006243/0000950170-23-006243-index.htm","confidence":0.9,"family_label":"Governance Changes","details":[{"label":"Change","value":"bylaw amendment"},{"label":"Effective","value":"2023-03-02"}],"fact_type":"governance_change"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}