Inland Real Estate Income Trust Files Proxy Statement

TL;DR

IREIT filed a proxy statement, likely for shareholder votes. Stay tuned.

AI Summary

Inland Real Estate Income Trust, Inc. (IREIT) filed a DEFA14A proxy statement on December 9, 2025. This filing is related to soliciting materials under Section 240.14a-12 of the Securities Exchange Act of 1934. The company, previously known as Inland Monthly Income Trust, Inc. and Inland Core Assets Real Estate Trust, Inc., is headquartered in Oak Brook, IL.

Why It Matters

This filing indicates that Inland Real Estate Income Trust is engaging in activities that require shareholder communication and potential voting, which could impact the company's strategic direction or governance.

Risk Assessment

Risk Level: low — This is a routine proxy filing and does not inherently indicate significant new risks.

Key Players & Entities

• Inland Real Estate Income Trust, Inc. (company) — Registrant
• 2901 BUTTERFIELD ROAD (location) — Business Address
• OAK BROOK (location) — City
• IL (location) — State
• 60523 (location) — ZIP Code
• Inland Monthly Income Trust, Inc. (company) — Former Company Name
• Inland Core Assets Real Estate Trust, Inc. (company) — Former Company Name

FAQ

Key Financial Figures

• $16.89 — (the “Valuation Date”) of $16.89 per share. To assist the board in estab
• $15.76 — a range for the Company’s NAV of $15.76 to $18.02. The mid-point of the range o
• $18.02 — r the Company’s NAV of $15.76 to $18.02. The mid-point of the range of values p
• $609.9 m — total estimated NAV to be approximately $609.9 million, or $16.89 per share, based on a
• $2.28 — his mid-point represented a decrease of $2.28 (or approximately 11.9%) compared to th
• $13.51 — death or qualifying disability will be $13.51 (80% of $16.89), subject to change by t

Filing Documents

• ireit_2025_defa_14a_9.htm (DEFA14A) — 30KB
• 0001193125-25-312909.txt ( ) — 31KB

From the Filing

DEFA14A UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14A Proxy Statement Pursuant to Section 14(a) of the Securities Exchange Act of 1934 (Amendment No. ____) Filed by the Registrant Filed by a Party other than the Registrant Preliminary Proxy Statement Confidential, for Use of the Commission Only (as permitted by Rule 14a-6(e)(2)) Definitive Proxy Statement Definitive Additional Materials Soliciting Material under Section 240.14a-12 Inland Real Estate Income Trust, Inc. (Name of Registrant as Specified In Its Charter) (Name of Person(s) Filing Proxy Statement, if other than the Registrant) Payment of Filing Fee (Check the appropriate box): No fee required. Fee paid previously with preliminary materials. Fee computed on table in exhibit required by Item 25(b) per Exchange Act Rules 14a-6(i)(l) and 0-11. INLAND REAL ESTATE INCOME TRUST, INC. SUPPLEMENT TO PROXY STATEMENT FOR 2025 ANNUAL MEETING OF STOCKHOLDERS To be held at 10:00 a.m., Central Time, on December 17, 2025 This proxy statement supplement, dated December 9, 2025 (this “Supplement”), supplements the definitive proxy statement on Schedule 14A of Inland Real Estate Income Trust, Inc. (the “Company”), dated September 24, 2025, as supplemented form time to time (the “Proxy Statement”), for the Company’s Annual Meeting of Stockholders to be held on Wednesday, December 17, 2025 (the “Annual Meeting”). THIS SUPPLEMENT SHOULD BE READ IN CONJUNCTION WITH THE PROXY STATEMENT. EXCEPT AS SPECIFICALLY SUPPLEMENTED BY THE INFORMATION CONTAINED HEREIN, THIS SUPPLEMENT DOES NOT MODIFY ANY OTHER INFORMATION SET FORTH IN THE PROXY STATEMENT. Determination of Estimated Per Share NAV On December 9, 2025, the Company announced that its board of directors (the “Board”), including all the independent members of the Board, determined and established the estimated per share net asset value (“NAV”) of the Company’s common stock as of September 30, 2025 (the “Valuation Date”) of $16.89 per share. To assist the board in establishing the estimated per share NAV, the Company engaged SitusAMC Real Estate Valuation Services, LLC (“SitusAMC”) to appraise the Company’s real estate investments and to determine the fair value of the Company’s long-term indebtedness. SitusAMC provided its valuation analysis of the Company’s assets and liabilities to the board in a report presented on December 8, 2025 that contained, among other information, a range for the Company’s NAV of $15.76 to $18.02. The mid-point of the range of values provided by SitusAMC was $16.89. In addition to reviewing the Valuation Report, the Board met with representatives from SitusAMC and considered the material assumptions and valuation methodologies applied and described therein, as well as the business manager’s assumptions regarding portfolio valuation. Taking into consideration the conclusions contained in the Valuation Report, on December 8, 2025, the Board determined the Company’s total estimated NAV to be approximately $609.9 million, or $16.89 per share, based on a share count of approximately 36.1 million shares issued and outstanding as of the Valuation Date. This mid-point represented a decrease of $2.28 (or approximately 11.9%) compared to the last NAV published by the Company as of December 31, 2023. The Company believes that the decrease in the value of the real estate assets was largely attributable to an increase in the discount rates and terminal capitalization rates primarily because of higher market interest rates, greater capital expenditure assumptions and market uncertainty, including the effects of tariffs. The estimated per share NAV determined by the Board of $16.89 assumes a weighted average discount rate equal to 8.36% and a weighted average terminal capitalization rate of 7.47%, as compared to an average discount rate equal to 8.15% and a weighted average terminal capitalization rate of 7.30% for the Company’s last published NAV as of December 31, 2023. Additionally, the Board has decided to reinstate the Company’s distribution reinvestment plan (the “DRP”), effective as of February 1, 2026. The purchase price for shares issued under the DRP will be $16.89 per share, subject to change by the Board. The Board has also decided to reinstate the Company’s share repurchase program (the “SRP”), effective as of February 1, 2026. The purchase price under the SRP for ordinary repurchases and repurchases for death or qualifying disability will be $13.51 (80% of $16.89), subject to change by the Board. For additional information on the Company’s estimated per share NAV, please refer to the Current Report on Form 8-K filed with the Securities and Exchange Commission on December 9,

View Full Filing

View this DEFA14A filing on SEC EDGAR