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 July 31, 2026. The report was filed on August 14, 2026. InPoint is a Maryland corporation focused on commercial real estate investments, with its public offering having officially terminated on November 1, 2025.
Key Financial Metrics
The filing details the components of total net asset value attributable to common stock as of July 31, 2026. All dollar amounts are in thousands, except per share data.
| Asset/Liability Component | Amount ($) |
|---|---|
| Commercial mortgage loans | 308,309 |
| Real estate owned | 96,089 |
| Real estate securities | 9,768 |
| Cash and cash equivalents and restricted cash | 76,104 |
| Other assets | 5,386 |
| Repurchase agreements - commercial mortgage loans | (193,938) |
| Loan participations sold | (46,594) |
| Mortgage loan payable | (24,094) |
| Due to related parties | (1,670) |
| Distributions payable | (1,052) |
| Interest payable | (3,419) |
| Accrued stockholder servicing fees | (290) |
| Other liabilities | (2,671) |
| Preferred stock | (89,052) |
| Net asset value attributable to common stock | 132,876 |
Share Data:
- Total outstanding shares: 10,120 (in thousands)
- Aggregate NAV per share: $13.1300
Material Changes and Class Breakdown
The filing provides a breakdown of NAV by share class. Class S shares have no outstanding balance or NAV as of the reporting date.
| Share Class | Outstanding Shares (000s) | NAV Attributable ($000s) | NAV Per Share |
|---|---|---|---|
| Class P | 8,563 | 112,332 | $13.1186 |
| Class A | 746 | 9,820 | $13.1654 |
| Class T | 290 | 3,864 | $13.3081 |
| Class S | — | — | — |
| Class D | 48 | 634 | $13.2005 |
| Class I | 473 | 6,226 | $13.1673 |
| Total | 10,120 | 132,876 | $13.1300 |
Note: This filing does not provide comparative financial data for the prior period (e.g., June 30, 2026) to calculate material changes in revenue, profit, or margins.
Management Commentary and Risks
- NAV Calculation: NAV is determined by Inland InPoint Advisor, LLC, in accordance with Board-approved guidelines, and is updated monthly.
- Stockholder Servicing Fees: Fees apply to Class T, Class S, and Class D shares. For NAV purposes, these are recognized as a reduction monthly. Under GAAP, the full cost was accrued as an offering cost at the time of sale. As of July 31, 2026, $645 (in thousands) of fees were accrued for Class T and Class D shares; no fees were accrued for Class S as none were sold.
- Offering Status: The public offering terminated on November 1, 2025.
- Risks/Contingencies: The filing does not explicitly list new risks or contingencies beyond standard valuation disclosures.
Key Facts for Investor Verification
- Verify the Aggregate NAV per share of $13.1300 against the company's website (www.inland-investments.com/inpoint) for the July 31, 2026 date.
- Confirm the termination of the public offering on November 1, 2025, and its impact on future capital raising.
- Review the leverage profile, noting $193,938 (in thousands) in repurchase agreements and $46,594 (in thousands) in loan participations sold against $308,309 (in thousands) in commercial mortgage loans.
- Check the cash position of $76,104 (in thousands) to assess liquidity relative to distributions payable ($1,052) and interest payable ($3,419).
- Validate the Preferred Stock liability of $89,052 (in thousands) and its impact on common equity.