Business Context and Reporting Period
This Form 8-K filing by InPoint Commercial Real Estate Income, Inc. (InPoint) reports the determination of Net Asset Value (NAV) per share as of March 31, 2026. The report was filed on April 15, 2026. InPoint is a Maryland corporation focused on commercial mortgage loans and real estate assets. The company's public offering officially terminated on November 1, 2025.
Key Financial Metrics
The filing provides a detailed breakdown of the components of total net asset value attributable to common stock as of March 31, 2026. All figures are in thousands, except per share data.
| Asset/Liability Component | Amount ($) |
|---|---|
| Commercial mortgage loans | 333,449 |
| Real estate owned | 99,764 |
| Cash and cash equivalents and restricted cash | 82,627 |
| Other assets | 4,722 |
| Repurchase agreements - commercial mortgage loans | (215,074) |
| Loan participations sold | (47,715) |
| Mortgage loan payable | (23,978) |
| Due to related parties | (1,514) |
| Distributions payable | (1,052) |
| Interest payable | (2,950) |
| Accrued stockholder servicing fees | (280) |
| Other liabilities | (3,074) |
| Preferred stock | (88,313) |
| Net asset value attributable to common stock | 136,612 |
Share Data:
- Total outstanding shares: 10,120 (in thousands)
- Aggregate NAV per share: $13.4992
Material Changes and Class Breakdown
The filing details the NAV per share for each class of common stock as of March 31, 2026. No Class S shares were outstanding as of this date.
| Class | Outstanding Shares (000s) | NAV Attributable (000s) | NAV Per Share |
|---|---|---|---|
| Class P | 8,563 | 115,499 | $13.4884 |
| Class A | 746 | 10,096 | $13.5351 |
| Class T | 290 | 3,969 | $13.6705 |
| Class S | — | — | — |
| Class D | 48 | 651 | $13.5645 |
| Class I | 473 | 6,401 | $13.5369 |
| Total | 10,120 | 136,612 | $13.4992 |
Stockholder Servicing Fees: As of March 31, 2026, the company had accrued $645 (in thousands) of stockholder servicing fees payable to the Dealer Manager related to Class T and Class D shares under GAAP. No fees were accrued for Class S shares as none were sold.
Guidance, Outlook, and Risks
The filing does not provide forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard disclosure that NAV is determined by the Board and the Advisor (Inland InPoint Advisor, LLC). The filing notes that the public offering terminated on November 1, 2025, which may impact future capital raising activities, though no specific outlook on this impact is provided in this text.
Key Facts for Investor Verification
- NAV Calculation: Verify the aggregate NAV per share of $13.4992 against the company's website (www.inland-investments.com/inpoint) as stated in the filing.
- Debt Levels: Confirm the total leverage, specifically the $215,074 (in thousands) in repurchase agreements and $23,978 (in thousands) in mortgage loan payables.
- Asset Composition: Note that commercial mortgage loans ($333,449) and real estate owned ($99,764) constitute the primary asset base.
- Class S Status: Verify that no Class S shares are outstanding and no related servicing fees are accrued.
- Offering Status: Confirm the termination of the public offering on November 1, 2025, and its implications for share liquidity and capital structure.