---
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"
generated_at: "2026-06-18T11:30:29.024128+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Inland Real Estate Income Trust sets estimated NAV at $19.86 per share, down from $20.20

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: other_material
- sentiment: negative
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 2.02, 7.01, 5.03, 8.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000950170-23-006243
- JSON: https://secwatch.observer/filing/0000950170-23-006243.json
- Plain text: https://secwatch.observer/filing/0000950170-23-006243.txt

## Key facts
- Governance Changes
  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).
  - Change: bylaw amendment
  - Effective: 2023-03-02
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/1528985/000095017023006243/0000950170-23-006243-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.