InPoint Commercial Real Estate Income, Inc. 8-K

What Happened
InPoint Commercial Real Estate Income, Inc. filed an 8‑K (Jan 15, 2026) announcing its net asset value (NAV) per share as of December 31, 2025: $14.3519. The company reported total net asset value attributable to common stock of $145,242,000 and 10,120,000 outstanding common shares (figures converted from the filing’s amounts, which are presented in thousands). Inland InPoint Advisor, LLC is the advisor responsible for determining NAV; the company updates NAV monthly and posts it on its website.

Key Details

• Total NAV attributable to common stock: $145,242,000; NAV per share (aggregate): $14.3519.
• Major components (converted from filing, amounts in thousands):
  • Commercial mortgage loans: $353.111M
  • Real estate owned: $98.877M
  • Cash and cash equivalents: $79.106M
  • Repurchase agreements (liability): $223.397M
  • Preferred stock outstanding: $88.133M
• NAV per share by class (as of 12/31/2025): Class P $14.3407, Class A $14.3892, Class T $14.5246, Class D $14.4155, Class I $14.3911. Class S had no outstanding shares.
• The company’s public offering terminated on November 1, 2025. The Dealer Manager does not retain stockholder servicing fees; those fees are paid to participating broker‑dealers. Under GAAP the company accrued $645,000 of stockholder servicing fees payable related to certain share classes.

Why It Matters
NAV per share provides a snapshot of the fund’s reported underlying value and the class-level NAV differences can affect investors who compare share classes or evaluate price vs. NAV. The breakdown of assets and liabilities (notably large mortgage loan and repurchase agreement balances and preferred stock) gives investors context on the portfolio composition and leverage. The termination of the public offering (Nov 1, 2025) means no further share issuance through that offering, and the advisor’s monthly NAV updates are the official source for ongoing per‑share valuations.