secwatch.observer — SEC 8-K summary
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Issuer:     Inland Real Estate Income Trust, Inc. (INRE)
CIK:        0001528985
Form:       8-K
Filed at:   2023-03-06T23:59:59+00:00
Accession:  0000950170-23-006243
Event type: other_material
Sentiment:  negative
Materiality: 0.65
Item codes: 2.02, 7.01, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000095017023006243/0000950170-23-006243-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000095017023006243/ireit-20230306.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-006243

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer