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:   2024-03-05T23:59:59+00:00
Accession:  0000950170-24-025835
Event type: other_material
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 7.01, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Inland REIT sets Dec 31 2023 estimated NAV at $19.17, down from $19.86
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- Estimated NAV per share $19.17, down from $19.86 a year earlier; total NAV ~$693.3M on 36.2M shares.
- Real estate asset values fell 9.8% vs. original cost plus CapEx; higher discount/cap rates cited.
- 31% of annualized base rent from non-grocery big box retailers, a stressed sector per the Board.
- DRP purchase price set at $19.17; SRP repurchase price at $15.34 (80% of NAV).
- CBRE Cap provided valuation range $18.57–$20.95; Board selected below midpoint due to big box concerns.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1528985/000095017024025835/0000950170-24-025835-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1528985/000095017024025835/ireit-20240304.htm
  HTML page:      https://secwatch.observer/filing/0000950170-24-025835

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