InPoint Commercial Real Estate Income, Inc. 8-K/A

What Happened

• InPoint Commercial Real Estate Income, Inc. (filed 8‑K on Jan 23, 2026) announced its net asset value (NAV) per share and a detailed NAV breakdown as of December 31, 2025. The company’s NAV per share (aggregated across all common share classes) is $14.1316.
• Inland InPoint Advisor, LLC (the Advisor) is ultimately responsible for determining NAV. The NAV is updated monthly and posted on the company website. The filing was signed by CFO Catherine L. Lynch.

Key Details

• Total net asset value attributable to common stock: $143,012 (thousands) = $143.012 million; outstanding common shares: 10,120 (thousands) = 10.12 million; aggregate NAV per share: $14.1316.
• Major asset/liability components (amounts per filing are in thousands):
  • Commercial mortgage loans: $350,881 ($350.881M)
  • Real estate owned: $98,877 ($98.877M)
  • Cash and restricted cash: $79,106 ($79.106M)
  • Repurchase agreements (secured by commercial mortgage loans): $(223,397) ($(223.397)M)
  • Preferred stock outstanding: $(88,133) ($(88.133)M)
• NAV per share by class (Dec. 31, 2025):
  • Class P: $14.1205 (8,563k shares)
  • Class A: $14.1682 (746k)
  • Class T: $14.3016 (290k)
  • Class D: $14.1942 (48k)
  • Class I: $14.1701 (473k)
  • (No Class S shares outstanding)
• Additional notes: GAAP accrual for stockholder servicing fees payable to the Dealer Manager was $645 (thousands) related to Class T and Class D shares. The company’s public offering terminated on November 1, 2025.

Why It Matters

• NAV and its per‑share calculation give investors a snapshot of the company’s portfolio value and how much each share represents in underlying assets minus liabilities. The filing shows the asset mix (large exposure to commercial mortgage loans and some owned real estate), material leverage via repurchase agreements, and the presence of substantial preferred equity.
• Investors can use the class‑level NAVs and the aggregate NAV per share to compare market price (if trading) to estimated intrinsic value and to assess relative value across share classes. The monthly NAV posting and Advisor responsibility provide transparency on valuation timing and oversight.