I
InPoint Commercial Real Estate Income, Inc.
ICR-PACIK 0001690012NYSENon-AcceleratedSmaller ReportingReal Estate Investment TrustsMarylandFY ends Dec 31
Period
FY 2025
Revenue
$23.01M
Net Income
$-1.57M
Total Assets
$529.24M
Equity
$226.25M
Shares Out
7.53M
Op. Cash Flow
$11.39M
Business
InPoint Commercial Real Estate Income, Inc. is a REIT that originates, acquires and manages a diversified portfolio of commercial real estate debt and related securities. The portfolio consists primarily of floating-rate first mortgage loans, subordinate mortgage and mezzanine loans, loan participations, CMBS securities, senior unsecured REIT debt, and select equity investments in net-leased properties. The company is externally managed by an advisor that is a subsidiary of Inland Real Estate Investment Corporation, with sub-advisory duties delegated to Sound Point CRE Management, and invests in U.S. commercial real estate across multiple property types and geographies.
Summary from 10-K filed 2026-03-13
Financials
Consolidated Statement of Income
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Interest income | 38 | 58 | 68 | 45 | 29 | |
| Less: Interest expense | −24 | −37 | −42 | −21 | — | |
| Net interest income | 14 | 22 | 26 | 23 | 20 | |
| Revenue from real estate | 9 | 3 | 13 | 15 | 8 | |
| Total income | 23 | 24 | 39 | 38 | 28 | |
| Advisory fee | 3 | 3 | 3 | 4 | 3 | |
| Amortization of debt finance costs | 1 | 1 | 2 | 2 | 1 | |
| Directors compensation | 76,000 | 78,000 | 80,000 | 81,000 | 73,000 | |
| Professional service fees | 1 | 936,000 | 286,000 | 914,000 | 1 | |
| Real estate operating expenses | 6 | 2 | 12 | 15 | 10 | |
| Provision for asset impairment | 0 | 0 | 7 | 0 | 0 | |
| Depreciation and amortization | 5 | 2 | 514,000 | 1 | 1 | |
| Other expenses | 1 | 1 | 2 | 1 | 1 | |
| Total operating expenses | 18 | 10 | 26 | 24 | 18 | |
| Reversal of (provision for) credit losses | 1 | −2 | −17 | −4 | 0 | |
| Gain on sale of real estate | 0 | 0 | 206,000 | 0 | 0 | |
| Net realized (loss) gain on disposition of commercial loans | −8 | 929,000 | 0 | 0 | — | |
| Total other loss | −7 | −1 | −17 | −4 | 0 | |
| Net (loss) income before income taxes | −2 | 13 | −4 | 10 | 10 | |
| Income tax provision | 0 | 0 | −22,000 | 0 | 0 | |
| Net (loss) income | −2 | 13 | −4 | 10 | 10 | |
| Gain on repurchase and retirement of preferred stock | 0 | 0 | 21,000 | 306,000 | 0 | |
| Net (loss) income attributable to common stockholders | −8 | 7 | −10 | 4 | 8 | |
| Net (loss) income per share attributable to common stockholders, basic | −0.75 | 0.66 | −1.03 | 0.42 | 0.72 | |
| Net (loss) income per share attributable to common stockholders, diluted | −0.75 | 0.66 | −1.03 | 0.42 | 0.72 | |
| Basic | 10 | 10 | 10 | 11 | 11 | |
| Diluted | 10 | 10 | 10 | 11 | 11 |
Consolidated Balance Sheet
As of · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Cash and cash equivalents | 77 | 65 | 54 | 29 | 57 | |
| Restricted cash | 3 | 0 | — | — | — | |
| Commercial mortgage loans at cost | 352 | 563 | 744 | 846 | — | |
| Allowance for credit losses | −4 | −14 | −22 | −4 | — | |
| Carrying Value | 348 | 549 | 722 | 842 | 665 | |
| Real estate owned, net of depreciation | 93 | 40 | 0 | 31 | 32 | |
| Acquired lease intangible assets, net | 4 | 3 | 0 | — | — | |
| Deferred debt finance costs | 438,000 | 453,000 | 604,000 | 872,000 | 1 | |
| Accrued interest receivable | 1 | 3 | 3 | 3 | 1 | |
| Prepaid expenses and other assets | 3 | 2 | 312,000 | 2 | 2 | |
| Total assets | 529 | 661 | 780 | 914 | 764 | |
| Repurchase agreements | 223 | 361 | 457 | 488 | 307 | |
| Loan participations sold, net | 47 | 49 | 57 | 99 | 110 | |
| Mortgage loan payable, net | 24 | 0 | — | — | — | |
| Acquired lease intangible liabilities, net | 598,000 | 404,000 | 0 | — | — | |
| Due to related parties | 1 | 1 | — | — | — | |
| Accrued interest payable | 3 | 2 | 2 | 1 | 364,000 | |
| Distributions payable | 1 | 1 | 1 | 1 | 1 | |
| Accrued expenses and other liabilities | 3 | 2 | 762,000 | — | — | |
| Total liabilities | 303 | 417 | 530 | 636 | 457 | |
| Commitments and contingencies (Note 8) | — | — | — | — | — | |
| 6.75% Series A Cumulative Redeemable Preferred Stock, $0.001 par value, 4,025,000 shares authorized, 3,544,553 shares issued and outstanding as of December 31, 2025 and December 31, 2024 | 4,000 | 4,000 | 4,000 | 4,000 | 4,000 | |
| Additional paid in capital | 341 | 340 | 340 | 339 | 359 | |
| Accumulated deficit | −115 | −95 | −89 | −61 | −52 | |
| Total stockholders' equity | 226 | 245 | 251 | 279 | 307 | |
| Total liabilities and stockholders equity | 529 | 661 | 780 | 914 | 764 |
Consolidated Statement of Cash Flows
Year Ended · In millions, except per-share amounts
| Concept | Trend | FY 2025 2025-12-31 | FY 2024 2024-12-31 | FY 2023 2023-12-31 | FY 2022 2022-12-31 | FY 2021 2021-12-31 |
|---|---|---|---|---|---|---|
| Depreciation and amortization expense | 5 | 2 | 514,000 | 1 | 1 | |
| Reduction in the carrying amount of the right-of-use asset | 0 | 0 | 30,000 | 72,000 | 71,000 | |
| Amortization of acquired above- and below-market leases, net | −77,000 | −36,000 | 0 | 0 | — | |
| Amortization of equity-based compensation | 30,000 | 30,000 | 31,000 | 32,000 | 34,000 | |
| Amortization of debt finance costs to operating expense | 1 | 1 | 2 | 2 | 1 | |
| Amortization of debt finance costs to interest expense | 87,000 | 0 | 3,000 | 120,000 | 69,000 | |
| Amortization of origination fees | 0 | 0 | −15,000 | −217,000 | −702,000 | |
| Amortization of deferred exit fees | 0 | 0 | 36,000 | 0 | 6,000 | |
| Amortization of loan extension fees | −881,000 | −529,000 | −652,000 | −317,000 | −314,000 | |
| Accrued interest receivable | 891,000 | 542,000 | −162,000 | −2 | −248,000 | |
| Accrued expenses and other liabilities | 933,000 | 2 | −7 | 3 | — | |
| Accrued interest payable | 344,000 | 735,000 | 715,000 | 1 | 387,000 | |
| Due to related parties | −411,000 | 6,000 | 47,000 | −671,000 | 456,000 | |
| Prepaid expenses and other assets | −1 | −1 | 2 | −164,000 | −1 | |
| Net cash provided by operating activities | 11 | 18 | 16 | 19 | 12 | |
| Origination/funding of commercial loans | −2 | −10 | −23 | −301 | −337 | |
| Loan extension fees received on commercial loans | 665,000 | 520,000 | 637,000 | 584,000 | 231,000 | |
| Principal repayments of commercial loans | 100 | 124 | 108 | 120 | 115 | |
| Proceeds from sale of commercial loan | 39 | 14 | 0 | 0 | — | |
| Real estate capital expenditures | −931,000 | 0 | −496,000 | −810,000 | −150,000 | |
| Proceeds from sale of real estate | 0 | 0 | 12 | 0 | — | |
| Net cash provided by investing activities | 136 | 128 | 97 | −181 | −222 | |
| Proceeds from issuance of common stock | 0 | 0 | 342,000 | 5 | 199,000 | |
| Repurchase of preferred stock | 0 | 0 | −83,000 | −977,000 | — | |
| Payment of offering costs | −36,000 | −121,000 | −282,000 | −2 | −5 | |
| Reimbursement Of Offering Costs | 2 | — | — | — | — | |
| Proceeds from repurchase agreements | 0 | 12 | 360 | 259 | 194 | |
| Principal repayments of repurchase agreements | −137 | −109 | −391 | −78 | −178 | |
| Proceeds From Mortgage Loan Payable | 25 | — | — | — | — | |
| Principal repayments of credit facility | 0 | −9 | −9 | −14 | — | |
| Proceeds from sale of loan participations | 66,000 | 0 | 435,000 | 5 | 110 | |
| Principal repayments of loan participations | −2 | −9 | −29 | −15 | — | |
| Debt finance costs | −2 | −1 | −2 | −1 | −2 | |
| Distributions paid to common stockholders | −13 | −13 | −13 | −12 | −12 | |
| Distributions paid to preferred stockholders | −6 | −6 | −6 | −6 | −2 | |
| Net cash used in financing activities | −133 | −135 | −88 | 134 | 196 | |
| Net change in cash, cash equivalents and restricted cash | 15 | 10 | 25 | −28 | −15 | |
| Amortization of deferred exit fees due to related party | 661,000 | −593,000 | −176,000 | 82,000 | 430,000 | |
| Interest paid | 23 | 37 | 42 | 20 | 9 | |
| Net assets acquired upon foreclosure of commercial loans | 59 | 44 | 0 | 0 | — | |
| Deferred interest capitalized on real estate loan | 631,000 | — | — | — | — | |
| Accrued stockholder servicing fee due to related party | −36,000 | −34,000 | −39,000 | −108,000 | −85,000 | |
| Accrued capital expenditures | 0 | −62,000 | 0 | 0 | — | |
| Distribution reinvestment | 0 | 0 | 85,000 | 725,000 | 583,000 |
Filings
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Frequently asked questions
What is InPoint Commercial Real Estate Income, Inc.'s CIK number?
InPoint Commercial Real Estate Income, Inc.'s SEC CIK number is 0001690012 (1690012). The CIK (Central Index Key) is the permanent identifier the SEC assigns to every EDGAR filer — unlike a ticker symbol, it never changes.
Where can I find InPoint Commercial Real Estate Income, Inc.'s SEC filings?
All of InPoint Commercial Real Estate Income, Inc.'s EDGAR filings — 10-K annual reports, 10-Q quarterly reports, 8-K material events, and insider transactions — are listed on this page, sourced live from SEC EDGAR.