Inland Income Trust Distributes Q3 Dividend

Amid economic headwinds and market shifts, the Board weighs sale options while maintaining retail strength.

October 15, 2025

Dividend Distributed Amid Changing Market Conditions

Inland Income Trust is moving forward with a steady hand. The company issued a third-quarter dividend of $0.1356 per share to stockholders of record as of September 30, with payments sent around October 7. This follows a year of shifting economic dynamics—and a portfolio that continues to perform.

The broader environment has been marked by volatility. While equity markets reached new highs in Q3, the Fed cut its benchmark rate by 25 basis points in mid-September, pointing to growing concerns around labor softness and persistent inflation. Inflation sat at 2.9% in August, still above the Fed’s 2% target. Meanwhile, job creation slowed: only 22,000 jobs were added in August, and earlier gains were revised downward. Treasury yields have hovered in the 4.0% to 4.5% range, reflecting the uncertain outlook.

Portfolio Performance Holds Steady

Even so, Inland’s portfolio continues to show strength. As of June 30, the portfolio spanned 52 retail centers with 816 tenants and a 91.6% occupancy rate. Most properties are anchored or shadow-anchored by grocers—87% in total—making them well-positioned to attract consistent foot traffic. This type of retail continues to benefit from demand for everyday essentials. Inland also pointed to solid seasonal activity, with back-to-school and college shopping projected to exceed 2024 levels, helping support leasing momentum.

Strategic Review Remains Ongoing

At the same time, the Board is still reviewing strategic alternatives. The process began in September 2024, and while no timeline has been announced, potential outcomes include a sale of the company, refinancing maturing debt, or pursuing joint venture opportunities. The review is happening against the backdrop of volatile capital markets—shaped by shifting tariff policy, federal budget debates, and international uncertainty. The Board has also reserved the option to suspend or end the review altogether.

Annual Meeting and Shareholder Actions

Looking ahead, Inland’s annual stockholder meeting is scheduled for November 19, 2025. Four proposals are up for vote, including a non-binding advisory resolution on executive compensation. Stockholders can vote in person or by proxy, and are encouraged to vote early to help streamline the process.

Despite the uncertain environment, Inland is focused on stability and execution. The company continues to return capital to stockholders, maintain strong retail occupancy, and evaluate long-term strategic options.