InPoint Commercial REIT Year-Over-Year NAV Falls 14.9%

InPoint Commercial Real Estate Income Inc., a commercial mortgage nontraded real estate investment trust, reported total net asset value attributable to common stock of approximately $136.6 million as of March 31, 2026 – down 14.9% from the same period a year earlier and down approximately 3.1% from the nearly $141 million total NAV reported the prior month.

The REIT had 10.1 million shares outstanding as of March 31, 2026.

The company’s NAV per share as of March 31 was as follows.

Class P shares had a NAV per share of $13.4884, compared to $13.9182 the previous month, approximately a 3.1% decrease.

Class A shares had a NAV per share of $13.5351, compared to $13.9660 the previous month, approximately a 3.1% decrease.

Class T shares had a NAV per share of $13.6705, compared to $14.1028 the previous month, approximately a 3% decrease.

Class D shares had a NAV per share of $13.5645, compared to $13.9946 the previous month, approximately a 3.1% decrease.

Class I shares had a NAV per share of $13.5369, compared to $13.9678 the previous month, approximately a 3.1% decrease.

The company’s commercial mortgage loan portfolio decreased to $333.4 million as of March 31, compared to $350.9 million at the end of 2025.

The portfolio’s composition at the end of December 2025 also included approximately: $98.9 million in real estate owned, and $79.1 million in cash. Liabilities included approximately $223.4 million in repurchase agreements for commercial mortgage loans, $47.1 million in loan participations sold, $47 million in mortgage loans payable, and $88 million in preferred stock.

The board authorized cash distributions for common stockholders payable on or about April 17 for stockholders of record as of March 31. 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.

While the company did not originate any new loans during 2025, it resumed lending activity in February 2026 with an $11.4 million first mortgage loan.

Management is evaluating a strategic repositioning of the portfolio. This includes exploring the potential sale of foreclosed properties and redeploying those proceeds into new loan originations. The REIT’s share repurchase plan and distribution reinvestment plan remain suspended.

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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