Tranche Update on Inland Real Estate Income Trust, Inc.'s Equity Buyback Plan announced on April 1, 2013.
March 23, 2023 at 03:58 pm EDT
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From October 1, 2022 to December 31, 2022, the company has repurchased 55,828 shares, representing 0.15% for $0.9 million. With this, the company has completed the repurchase of 5,326,616 shares, representing 15.65% for $73.29 million under the buyback announced on April 1, 2013.
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. 
