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:   2023-06-29T23:59:59+00:00
Accession:  0000950170-23-030598
Event type: other_material
Sentiment:  positive
Materiality: 0.60
Item codes: 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000095017023030598/0000950170-23-030598-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000095017023030598/ireit-20230629.htm
  HTML page:      https://secwatch.observer/filing/0000950170-23-030598

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