Quarterly ResultAug 5, 2026, 03:26 PM
Inland Real Estate Q2 Net Income $1.07M; Property Sale Drives Gain
AI Summary
Inland Real Estate Income Trust, Inc. reported a net income of $1.07 million for the second quarter of 2026, a significant improvement from a net loss of $2.16 million in the prior year, primarily driven by a $4.99 million gain on the sale of an investment property. For the six months ended June 30, 2026, the company reduced its net loss to $1.18 million from $4.76 million year-over-year. The company also reinstated its Distribution Reinvestment Plan and Share Repurchase Program, and expanded its credit facility to $860 million.
Key Highlights
- Q2 2026 net income was $1.07 million, compared to a net loss of $2.16 million in Q2 2025.
- Q2 2026 diluted EPS was $0.03, up from $(0.06) in Q2 2025.
- Six-month net loss reduced to $1.18 million in 2026 from $4.76 million in 2025.
- Company completed the sale of The Village at Burlington Creek property for $30.33 million, recognizing a $4.99 million gain.
- Distribution Reinvestment Plan and Share Repurchase Program were reinstated effective February 1, 2026.
- Credit facility commitments increased to $860 million, with $810 million outstanding as of June 30, 2026.
- Total assets decreased to $1.21 billion as of June 30, 2026, from $1.25 billion at year-end 2025.
- Physical occupancy was 92.9% and economic occupancy was 93.1% as of June 30, 2026.
Price Impact
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