ExchangeRight Income Fund Files 8-K

TL;DR

ExchangeRight Income Fund (ERIF) filed an 8-K on 10/24/25 for events as of 9/30/25. Standard reporting.

AI Summary

ExchangeRight Income Fund filed an 8-K on October 24, 2025, reporting events as of September 30, 2025. The filing includes information on "Other Events" and "Financial Statements and Exhibits." The company, formerly known as ExchangeRight Essential Income Strategy, is a Maryland-incorporated real estate investment trust based in Pasadena, CA.

Why It Matters

This 8-K filing provides an update on the company's activities and financial reporting as of September 30, 2025, which is important for investors to stay informed about the REIT's status.

Risk Assessment

Risk Level: low — This filing appears to be a routine 8-K for reporting purposes and does not indicate any unusual or high-risk events.

Key Numbers

• 000-56543 — SEC File Number (Identifies the company's filing history with the SEC.)
• 36-7729360 — IRS Employer Identification No. (Company's tax identification number.)

Key Players & Entities

• ExchangeRight Income Fund (company) — Registrant
• September 30, 2025 (date) — Reporting Period End Date
• October 24, 2025 (date) — Filing Date
• Maryland (jurisdiction) — State of Incorporation
• Pasadena, CA (location) — Business Address

FAQ

Key Financial Figures

• $711,365,000 — Company as of September 30, 2025 to be $711,365,000 (or $27.30 per Class I, Class A, Class
• $27.30 — ptember 30, 2025 to be $711,365,000 (or $27.30 per Class I, Class A, Class S, Class D,
• $2.165 billion — offering on a continuous basis of up to $2.165 billion of common shares of beneficial interest
• $508.9 million — ate Offering for total consideration of $508.9 million. Of these issued Common Shares, 5,665,8
• $1.391 billion — of September 30, 2025, there was up to $1.391 billion of Common Shares available for future i
• $0.1449 — any declared dividends in the amount of $0.1449 per share for each class of its outstan
• $1.3 million — f 47,458 Class I Common Shares totaling $1.3 million in connection with OP Unitholder and Cl

Filing Documents

• er-20250930.htm (8-K) — 196KB
• 0001193125-25-249701.txt ( ) — 318KB
• er-20250930.xsd (EX-101.SCH) — 26KB
• er-20250930_htm.xml (XML) — 5KB

01 Other Events

Item 8.01 Other Events. September 30, 2025 NAV per Common Share On October 24, 2025, ExchangeRight Income Fund Trustee, LLC (the "Trustee"), which serves as the sole trustee of ExchangeRight Income Fund, doing business as ExchangeRight Essential Income REIT (the "Company"), declared the net asset value ("NAV") of the Company as of September 30, 2025 to be $711,365,000 (or $27.30 per Class I, Class A, Class S, Class D, Class ER-I, Class ER-A, Class ER-S, and Class ER-D common share as well as the common units of limited partnership interest ("OP Units") in ExchangeRight Income Fund Operating Partnership, LP (the "Operating Partnership"). The NAV set forth above is based on the midpoint of the range of real estate values as of September 30, 2025 of the Company's owned properties as determined by an independent valuation firm, combined with the value of the Company's cash and cash equivalents, restricted cash, and other assets, and less the Company's liabilities. We calculate NAV per share in accordance with the valuation guidelines that have been approved by our Trustee. Our NAV per unit/share, which is updated as of the last calendar day of each quarter, will be posted on our website at https://www.exchangeright.com/the-essential-income-reit/ and is the same for each of our Class I, Class A, Class S, Class D, Class ER-I, Class ER-A, Class ER-S, and Class ER-D common shares and OP Units. For a description of how our NAV is calculated, see the disclosures under the caption " Net Asset Value" beginning on page 60 of our Form 10-K filed with the Securities and Exchange Commission on February 27, 2025. Our Trustee is ultimately responsible for determining our NAV. The following table provides a breakdown of the components of the Company's total NAV and NAV per Class I, Class A, Class S, Class D, Class ER-I, Class ER-A, Class ER-S, and Class ER-D common share and OP Units as of September 30, 2025: Components September 30, 2025 Investments in real estate $ 1

Forward-Looking Statements

Forward-Looking Statements Certain statements contained in this Current Report on Form 8-K other than historical facts may be considered "forward-looking statements," and, as such, may involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from future results, performance or achievements expressed or implied by such forward-looking statements. For these statements, the Company claims the protections of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995. Forward-looking statements, which are based on certain assumptions and describe the Company's future plans, strategies and expectations, are generally identifiable by use of the words "may", "will", "should", "estimates", "projects", "anticipates", "believes", "expects", "intends", "future" and words of similar import, or the negative thereof. Forward-looking statements in this report include information about possible or assumed future events, including, among other things, discussion and analysis of our future financial condition, results of operations, our strategic plans and objectives, and other matters. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this report. Any such forward-looking statements are subject to unknown risks, uncertainties and other factors, which in some cases are beyond the Company's control and are based on a number of assumptions involving judgments with respect to, among other things, future economic, competitive and market conditions, all of which are difficult or impossible to predict accurately. To the extent that our assumptions differ from actual results, our ability to meet such forward-looking statements, including our ability to generate positive cash flow from operations, provide distributions to shareholders and maintain the v

01 Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits. (d) Exhibits. Exhibit No. Description 104* Cover Page Interactive Data File (embedded within the Inline XBRL Document) * The above exhibits are being furnished with this Current Report on Form 8-K. 5

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. EXCHANGERIGHT INCOME FUND By: ExchangeRight Income Fund Trustee, LLC, its trustee By: ExchangeRight Real Estate, LLC, its manager Date: October 24, 2025 By: /s/ David Fisher David Fisher Executive Managing Principal 6

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View this 8-K filing on SEC EDGAR