Inland Real Estate Income Trust, Inc. filings document current reports for a Maryland real estate issuer with common stock, stockholder distributions and board-administered liquidity programs. The company's 8-K disclosures cover distribution authorizations, the tax character of annual distributions, estimated per share NAV determinations, distribution reinvestment plan pricing and amendments to its share repurchase program.
The filing record also documents governance and capital-structure matters, including annual meeting votes, director elections, executive officer changes, independent auditor ratification and material credit agreements. Financing disclosures describe revolving and term loan facilities used for general corporate purposes, property acquisitions, investments, capital expenditures, development, redevelopment, reserves and working capital.
Inland Real Estate Income Trust, Inc. reported a GAAP net loss of $2.2 million for the three months ended March 31, 2026, slightly improved from $2.6 million a year earlier. Rental income was stable at $38.7 million and property net operating income was $25.3 million.
At quarter-end, the company owned 52 grocery-anchored and necessity-based shopping centers totaling 7.2 million square feet with physical and economic occupancy of 92.4% and 92.6%. Total assets were $1.24 billion and debt was $840 million, equal to 52% of property purchase price.
The credit facility totaled $860 million, with $265 million outstanding on the revolver and $575 million on the term loan, both maturing in 2029. The trust entered a $34 million sale agreement for The Village at Burlington Creek and expects to use proceeds mainly to repay borrowings.
Inland Real Estate Income Trust, Inc. has authorized a cash distribution of $0.135600 per share on its common stock. The distribution will be made to stockholders of record as of March 31, 2026 and is expected to be paid on or about April 7, 2026.
Stockholders may receive the distribution in cash or have it reinvested in additional shares through the company’s distribution reinvestment plan. The company also includes a customary caution that expectations about future events are subject to various economic and industry risks.
Inland Real Estate Income Trust, Inc. is a non-traded REIT focused on U.S. grocery-anchored shopping centers. As of December 31, 2025 it owned 52 retail properties totaling 7.2 million square feet with physical occupancy of 92.0% and economic occupancy of 92.2%.
The company reported GAAP net losses of $11.0 million, $15.0 million and $15.1 million for 2025, 2024 and 2023, which it warns may pressure its ability to service debt and pay distributions. There is no established public market for its 36,126,755 outstanding shares as of March 10, 2026.
It reported an Estimated Per Share NAV of $16.89 as of September 30, 2025, down $2.28 from the prior estimate, and emphasizes that this is a snapshot, not a liquidation or trading value. A strategic review in 2024–2025 did not result in a sale or other liquidity event.
The distribution reinvestment plan and share repurchase program were suspended during the review but reinstated effective February 1, 2026. Under the current program, ordinary repurchases occur at 80% of Estimated Per Share NAV, while death and disability repurchases are at full Estimated Per Share NAV.
Inland Real Estate Income Trust, Inc. filed an initial insider ownership report for director Alan F. Feldman as of 01/28/2026. The filing states in the remarks that no securities are beneficially owned, and both non-derivative and derivative holdings tables show no reported positions.
Inland Real Estate Income Trust, Inc. announced a planned leadership transition. Mark E. Zalatoris notified the board he would resign as President and Chief Executive Officer effective February 2, 2026, and stepped down from the board immediately, with the company stating his resignation was not due to any disagreement.
On January 28, 2026, the board elected long-time director Bernard J. Michael as the new President and CEO, effective February 2, 2026. He will continue as a director but no longer be considered independent, and will be compensated by the company’s business manager rather than directly by the company.
The board also elected Alan Feldman as an independent Class II director to fill the vacancy, appointed him to all key board committees, and reshuffled committee chair and Lead Independent Director roles, with defined annual cash fees for these leadership positions.
Inland Real Estate Income Trust, Inc. reports the income tax characterization of its 2025 stockholder distributions. For the year ended December 31, 2025, the Company paid total distributions of approximately $19.6 million. For income tax purposes only, 27.1% of these distributions were treated as ordinary dividends and 72.9% as nondividend distributions, which are treated as a return of capital to the extent of a stockholder's basis and thereafter as capital gain.
On each of the four quarterly record dates (December 31, 2024; March 31, 2025; June 30, 2025; and September 30, 2025), stockholders received total cash distributions of $0.135600 per share, including $0.036728 per share as ordinary dividend and $0.098872 per share as nondividend distribution, with no amounts classified as capital gain. The Company recommends that stockholders consult their tax advisors regarding the specific tax treatment of these distributions.
Inland Real Estate Income Trust, Inc. reported that its board of directors has authorized a cash distribution of $0.135600 per share on its common stock. The payment will go to stockholders of record as of December 31, 2025, and the Company expects to pay the distribution on or about January 7, 2026.
The Company also included a standard cautionary note that these expectations are "forward-looking statements" and may change based on factors such as general economic conditions, persistently high inflation and interest rates, competition from internet retailers, unforeseen events affecting commercial and retail real estate, and other risks described in its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q.
Inland Real Estate Income Trust, Inc. updated its share repurchase program and reported results of its 2025 annual stockholder meeting. The board approved a Sixth Amended and Restated Share Repurchase Program, under which shares repurchased due to death or qualifying disability will be bought at 100% of the Share Price, and shares repurchased from stockholders who have held their shares for at least one year will be bought at 80% of the Share Price. Using the estimated per share net asset value as of September 30, 2025, this equates to $16.89 per share for exceptional repurchases and $13.51 per share for ordinary repurchases. Stockholders elected two Class I directors, ratified KPMG LLP as auditor for 2025, approved a non-binding advisory vote on executive compensation, and supported holding the advisory “Say on Pay” vote every year.
A director of Inland Real Estate Income Trust, Inc. received a grant of 2,368.265 shares of common stock on December 17, 2025 at a price of $ 0 under the company’s Employee and Director Restricted Plan, in connection with service as a non-employee director.
Following this grant, the director beneficially owns 12,200.316 shares of common stock held directly. The award vests in three equal installments of 33-1/3% on December 17, 2026, December 17, 2027, and December 17, 2028, and any unvested shares become fully vested upon a liquidity event or if service ends due to death or disability.