Inland Real Estate Income Trust, Inc. Reports Earnings Results for the Third Quarter Ended September 30, 2019
November 13, 2019 at 12:01 pm EST
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Inland Real Estate Income Trust, Inc. announced earnings results for the third quarter ended September 30, 2019. For the third quarter, the company announced total revenue was USD 32.039 million compared to USD 32.290 million a year ago. Operating income was USD 4.228 million compared to USD 5.120 million a year ago. Net loss was USD 2.832 million compared to USD 5.791 million a year ago. Basic loss per share from continuing operations was USD 0.08 compared to USD 0.16 a year ago. For the nine months, total revenue was USD 96.095 million compared to USD 96.808 million a year ago. Operating income was USD 12.877 million compared to USD 13.645 million a year ago. Net loss was USD 8.461 million compared to USD 10.205 million a year ago. Basic loss per share from continuing operations was USD 0.24 compared to USD 0.29 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. 
