other material
confidence high
sentiment positive
materiality 0.85
Inland Real Estate Income Trust sets Dec 2021 NAV at $20.20, up from $18.08; repurchase price at $16.16
Inland Real Estate Income Trust, Inc.
- Total estimated net asset value ~$728.0M on ~36.0M shares outstanding as of Dec 31, 2021.
- Estimated per share NAV of $20.20, up 11.7% from $18.08 as of Dec 31, 2020.
- DRP share price set at $20.20; SRP repurchase price at $16.16 (80% of NAV) for ordinary and exceptional repurchases.
- Board selected $20.20 below CBRE Cap midpoint of $20.45, citing risks from non-grocery big box retailers (~36% of base rent).
- NAV increase driven by lower terminal cap rates, lower discount rates, increased market rents, and debt principal paydown.