Inland REIT declares $0.1356/share distribution, reports 93.5% occupancy and Bed Bath & Beyond lease restructuring

Inland Real Estate Income Trust, Inc.

$0.1356/share distribution declared for Q2 2023, payable July 7 to holders of record June 30.
Economic occupancy 93.5% as of March 31, 2023; portfolio of 52 retail properties, 7.2M sq ft.
Bed Bath & Beyond bankruptcy impacted four leases; two proactively terminated, letters of intent on two locations at 70% higher rent.
Company continues to analyze potential liquidity event but market environment not attractive due to high interest rates.
Retail rent on the rise as new construction at standstill, landlords have upper hand (ICSC conference).

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