InPoint Commercial Real Estate Income, Inc., a Maryland-based real estate investment trust (REIT), disclosed its latest net asset value (NAV) per share in a recent SEC filing. The NAV, calculated in accordance with the company's board-approved guidelines, was reported at $16.5986 per share as of June 30, 2024.
The company, which trades on the New York Stock Exchange under the ticker ICR PR A, specified that its NAV is updated monthly and made available on its website. The valuation process is overseen by Inland InPoint Advisor, LLC, the company’s Advisor.
As of June 30, the total NAV attributable to common stock was $167,911,000, with a number of outstanding shares totaling 10,116,000. The REIT provided a detailed breakdown of its NAV components, which included $688,884,000 in commercial mortgage loans and $44,557,000 in cash and cash equivalents, among other assets and liabilities.
The filing also noted that the company had not sold any Class S shares of common stock in its public offering. Following a unanimous board decision on January 30, 2023, the REIT suspended the sale of shares in the primary portion of its public offering and through its distribution reinvestment plan.
InPoint Commercial Real Estate Income, Inc. further broke down the NAV per share for each class of common stock, with Class P shares at $16.5873, Class A shares at $16.6372, Class T shares at $16.7125, Class D shares at $16.6355, and Class I shares at $16.6358. No Class S shares had been sold, and thus no NAV was reported for that class.
The company's NAV per share is a key financial metric for investors, reflecting the company's value on a per-share basis by accounting for the value of its assets minus its liabilities. The report is based on a press release statement filed with the SEC.
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