Inland Real Estate Income Trust, Inc. Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
November 08, 2023 at 03:57 pm EST
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Inland Real Estate Income Trust, Inc. reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was USD 36.32 million compared to USD 35.9 million a year ago. Revenue was USD 36.42 million compared to USD 35.98 million a year ago. Net loss was USD 3.71 million compared to USD 2.9 million a year ago. Basic loss per share from continuing operations was USD 0.1 compared to USD 0.08 a year ago.
For the nine months, sales was USD 111.26 million compared to USD 97.11 million a year ago. Revenue was USD 111.49 million compared to USD 97.28 million a year ago. Net loss was USD 11.27 million compared to USD 6.79 million a year ago. Basic loss per share from continuing operations was USD 0.31 compared to USD 0.19 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. 
