All data as of December 31, 2024
Portfolio Summary
Total Assets
$1,294,825,000Debt to Total Assets*
64.7%Total Number of Properties
52Total Square Feet
7,168,608Economic Occupancy1
93.4%Physical Occupancy
93.1%Distributions Paid YTD2
$19,602,000Annualized Rate of Q4 2024 Distribution3
3%Property Diversification (Based on ABR)
Top 5 Tenants
| Tenant Name | % of Annualized Base Rent | Credit Rating4 |
|---|---|---|
| The Kroger Co. | 4.3 | BBB |
| The TJX Companies, Inc. | 3.4 | A |
| Ross Dress for Less, Inc. | 2.4 | BBB+ |
| Ulta Salon, Cosmetics & Fragrance Inc. | 2.1 | NR |
| Amazon/Whole Foods Market Group, Inc. | 2.1 | AA |
| Total | 14.3% |
Debt Maturity & Principal Payments
| Mortgages and Credit Facility Payable | |
|---|---|
| 2025 | $92,951,000 |
| 2026 | $169,728,000 |
| 2027 | $575,000,000 |
| Total | $837,679,000 |
Lease Maturity (Percent of Leases Expiring)
1Economic occupancy is defined as the percentage of total gross leasable area for which a tenant is obligated to pay rent under the terms of its lease agreement, regardless of the actual use or occupation by that tenant of the area being leased.
2Distributions generally have been paid quarterly. This amount paid in 2024 includes the distribution to stockholders of record as of 12/31/23 which was paid in the first quarter of 2024. Distributions were funded by cash flows from operating activities during the year ended December 31, 2024.
3The annualized rate corresponds to the distribution paid to stockholders of record as of 12/31/2024, is based on the estimated per share net asset value (NAV) as of 12/31/23. Distributions are authorized by the board in its discretion, and the Company’s approach to distributions, such as the frequency and amounts of any future distributions, may be modified at any time.
4These Standard & Poor’s (S&P) credit ratings express the agency’s opinion about the ability and willingness of a company to meet its financial obligations in full and on time. Credit-quality ratings are measured on a scale that generally ranges from AAA (highest) to D (lowest). “NR” is used to classify securities for which a rating is not available.
This material is neither an offer to sell nor a solicitation of an offer to buy any security, which can be made to the public only by a prospectus that has been filed or registered with appropriate state and federal regulatory agencies or pursuant to an exemption from those registration requirements. Neither the Securities and Exchange Commission nor any state securities regulator has approved or disapproved of the securities of Inland Income Trust. Any representation to the contrary is unlawful.
Important Risk Factors to Consider
An investment in Inland Real Estate Income Trust, Inc. (Inland Income Trust) is subject to certain risks including, without limitation, the uncertainties related to general economic, stock market and commercial real estate market conditions, competition with our tenants from internet businesses, the uncertainties of the ongoing review of strategic alternatives, including the sale of Inland Income Trust, unforeseen events affecting the commercial real estate industry, retail real estate, or particular markets, and other factors detailed under Risk Factors in Inland Income Trust’s most recent Form 10-K for the year ended December 31, 2024 filed on March 5, 2025 with the Securities and Exchange Commission.