Inland Real Estate Income Trust, Inc. (INRE)
Inland Real Estate Income Trust, Inc. operates in the REIT - Diversified industry of the Real Estate sector, headquartered in Oak Brook, IL, US. The stock last traded at $9.30, down 2.15% on the session, giving a market capitalisation of $335.7M. On trailing twelve-month figures it carries a trailing P/E of -44.91, a net margin of -4.9%. Its beta of 617.16 implies it has historically moved more than the broad market.
Inland Real Estate Income Trust, Inc. was established on August 24, 2011, with the objective of acquiring and managing commercial real estate properties situated throughout the United States. Its primary strategy centers on owning retail assets, specifically aiming for a portfolio composed entirely of grocery-anchored properties. While primarily focused on retail, the company has engaged in joint ventures previously and may continue to pursue these, or other real estate acquisitions, if management determines their prospective returns surpass those achievable from retail properties. Additionally, it has the flexibility to invest in equity securities related to real estate, encompassing both publicly traded and private firms, alongside commercial mortgage-backed securities. Notably, the company operates without any direct employees. Its operations are overseen by IREIT Business Manager & Advisor, Inc., referred to as the "Business Manager," an entity that is an indirect, wholly-owned subsidiary of Inland Real Estate Investment Corporation (the "Sponsor"), in accordance with a formal Business Management Agreement.
Inland Real Estate Income Trust, Inc. is most often compared with the following Real Estate names: