Inland Real Estate Income Trust, Inc. Reports Earnings Results for the First Quarter Ended March 31, 2019
May 15, 2019 at 01:26 pm EDT
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Inland Real Estate Income Trust, Inc. announced earnings results for the first quarter ended March 31, 2019. For the first quarter, the company announced total revenue was USD 32.475 million compared to USD 32.648 million a year ago. Operating income was USD 4.181 million compared to USD 4.140 million a year ago. Net loss was USD 2.953 million compared to USD 2.240 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.06 a year ago.
Inland Real Estate Income Trust, Inc. is a real estate investment trust that acquires and manages a portfolio of commercial real estate investments located in the United States. The Company invests in joint ventures or acquires other real estate assets such as office and medical office buildings, multi-family properties and industrial/distribution and warehouse facilities. It is also focused on investing in real estate-related equity securities of both publicly traded and private real estate companies, as well as commercial mortgage-backed securities (CMBS). The Company's investment properties include Newington Fair, Wedgewood Commons, Park Avenue, North Hills Square, Mansfield Shopping Center, MidTowne Shopping Center, Settlers Ridge, Pick N Save Center, Wilson Marketplace, Regal Court, Pentucket Shopping Center, Blossom Valley Plaza, Branson Hills Plaza, Walgreens Plaza, and Fox Point Plaza. The Company owns approximately 52 retail properties, totaling 7.2 million square feet.
INLAND REAL ESTATE INCOME TRUST, INC. 
