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Inland Real Estate ate Income Trust (INRE) has issued an announcement.
Inland Real Estate Income Trust, Inc. has informed financial advisors and broker dealers about the newly established estimated net asset value (NAV) per share of its common stock, which the Board, including independent members, set at $19.17 as of December 31, 2023. This valuation, derived from comprehensive analyses by CBRE Capital Advisors, Inc., affects the purchase price under the company’s distribution reinvestment plan and the repurchase price under its share repurchase program. The Board’s decision reflects various considerations, including market interest rates and the impact of big box retailers, and will be reassessed and updated annually. The estimated NAV is crucial for shareholders and market participants, providing a current valuation benchmark for the company’s stock.
See more insights into INRE stock on TipRanks’ Stock Analysis page.
