InPoint Commercial Real Estate Income Total NAV Dips 4.4%
InPoint Commercial Real Estate Income Inc., a commercial mortgage non-traded real estate investment trust, reported a total net asset value attributable to common stock of approximately $154.7 million as of Sept. 30, 2025. This was nearly a 4.4% decrease from the $161.8 million total NAV the prior month.
The REIT’s total NAV was also down 7.3% year-over-year.
Its number of outstanding shares at the end of September 2025 was 10.1 million.
The company’s NAV per share as of Sept. 30 was as follows.
Class P shares had a NAV per share of $15.2725, compared to $15.9763 per share the previous month, a 4.4% decrease.
Class A shares had a NAV per share of $15.3231, compared to $16.0288 per share the previous month, a 4.4% decrease.
Class T shares had a NAV per share of $15.4563 compared to $16.1629 per share the previous month, approximately a 4.4% decrease.
Class D shares had a NAV per share of $15.3458, compared to $16.0508 per share the previous month, approximately a 4.4% decrease.
Class I shares had a NAV per share of $15.3238, compared to $16.0292 per share the previous month, a 4.4% decrease.
The portfolio’s composition at the end of September 2025 included approximately $379.2 million in commercial mortgage loans, $105.1 million in real estate owned, and $73.9 million in cash. Liabilities included $242.3 million in repurchase agreements for commercial mortgage loans, $47.1 million in loan participations sold, $23.8 million in mortgage loans payable, and $88 million in preferred stock.
The board recently authorized cash distributions for common stock payable on or about Oct. 17 for stockholders of record as of Sept. 30. The gross distribution per share for Classes P, A, D, and I was $0.1042. Net distributions for Class D and Class T were slightly lower due to stockholder servicing fees.
As of June 30, 2025, the company still stated it was positioning the portfolio to attempt to pursue a strategic transaction once capital market conditions become more favorable, citing elements such as lower interest rates, improved capital access, and stable asset valuations. The board had previously suspended the sale of shares in its primary public offering and through its distribution reinvestment plan effective Jan. 30, 2023, and this suspension remains in effect.
The board also suspended share repurchases and terminated the Series A Preferred Repurchase Program at the same time in early 2023, citing the pace of fundraising and the amount of monthly redemption requests in excess of fundraising.
In fall 2024, as reported by AltsWire, the REIT’s board appointed Donald MacKinnon as the company’s president and chairman of the board, and Denise C. Kramer – president of the REIT’s adviser, Inland InPoint Advisor – as the REIT’s chief executive officer, and as a member of the REIT’s board – all which were effective Dec. 1, 2024.
InPoint Commercial Real Estate Income seeks to originate, acquire, and manage a diversified credit portfolio secured by commercial real estate properties primarily within the United States. The REIT launched its private offering in October 2016.
InPoint is advised by an affiliate of Inland Real Estate Investment Corporation and sub-advised by an affiliate of Sound Point Capital Management LP. Inland Securities Corporation serves as the dealer manager.
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