InPoint Sets May NAV
Suspended share sales continue as company reports detailed asset breakdown and class-level valuations.
June 20, 2025
InPoint Commercial Real Estate Income, Inc. released its latest net asset value per share, clocking in at $16.0148 as of May 31, 2025. This monthly update offers investors a clear view into the company’s real estate loan book and overall financial positioning, including performance across all share classes.
At a high level, total net asset value attributable to common stock stood at just over $162 million, based on roughly 10.1 million shares outstanding. The valuation process follows guidelines approved by the board and is carried out each month by Inland InPoint Advisor, LLC.
Portfolio and Liabilities Breakdown
The numbers tell a familiar story: InPoint continues to focus on commercial mortgage loans, which made up $507 million of the asset base. Another $82.6 million came from real estate holdings, while liquidity remained solid with $34.6 million in cash and restricted cash on hand.
Balancing that out were liabilities tied to leverage, including:
- $324.5 million in repurchase agreements on commercial mortgage loans
- $47.8 million in loan participations sold
- $88.7 million in preferred stock
- Various payables including interest, distributions, related-party dues, and stockholder servicing fees
Class-Level NAV and Fee Treatment
Share class-level NAVs were closely grouped. Here’s how they stacked up as of May 31:
- Class P:$16.0031
- Class A:$16.0547
- Class T:$16.1738
- Class D:$16.0713
- Class I:$16.0550
- Class S: No shares sold, so no NAV assigned
Stockholder servicing fees were only applicable to Class T, S, and D shares. While these fees reduce NAV monthly, they are also recognized under GAAP as offering costs at the time of sale. Since no Class S shares were sold by the reporting date, no associated fees were accrued for that class.
Offering Status and Trading Update
The company’s public offering remains suspended, a move first approved by the board in early 2023. This affects both new share sales and the distribution reinvestment plan. That suspension continues as of May 31, 2025.
Meanwhile, InPoint’s preferred shares remain listed on the New York Stock Exchange under the ticker ICR PR A. These monthly NAV updates offer a consistent pulse on the company’s financial position and help investors stay informed as market conditions evolve.
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