InPoint Commercial Real Estate Income Inc
For the period ended Sep 30, 2024. Filed Nov 8, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Sep 30, 2024 · Filed Nov 8, 2024
ICR-PA$19.59+0.1%Stored close · as of Nov 6, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
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Item 1. Consolidated Balance Sheets as of September 30, 2024 (unaudited) and December 31, 2023
CONSOLIDATED BALANCE SHEETS
(Dollar amounts in thousands, except per share amounts)
| September 30, 2024 (unaudited) | December 31, 2023 | |
|---|---|---|
| ASSETS | ||
| Cash and cash equivalents | $58,821 | $54,143 |
| Commercial mortgage loans: | ||
| Commercial mortgage loans at cost | 664,034 | 743,852 |
| Allowance for credit losses | (24,049) | (21,849) |
| Commercial mortgage loans at cost, net | 639,985 | 722,003 |
| Real estate owned, net of depreciation | 20,650 | — |
| Acquired lease intangible assets, net | 3,178 | — |
| Deferred debt finance costs | 798 | 604 |
| Accrued interest receivable | 3,026 | 3,283 |
| Prepaid expenses and other assets | 1,410 | 312 |
| Total assets | $727,868 | $780,345 |
| LIABILITIES AND EQUITY | ||
| Liabilities: | ||
| Repurchase agreements | $418,765 | $457,438 |
| Credit facility payable | — | 9,498 |
| Loan participations sold, net | 56,322 | 57,226 |
| Acquired lease intangible liabilities, net | 427 | — |
| Due to related parties | 1,541 | 2,028 |
| Accrued interest payable | 2,412 | 1,792 |
| Distributions payable | 1,051 | 1,050 |
| Accrued expenses and other liabilities | 1,796 | 762 |
| Total liabilities | 482,314 | 529,794 |
| Commitments and contingencies (Note 8) | ||
| Stockholders’ Equity: | ||
| Preferred stock, $0.001 par value, 50,000,000 shares authorized: | ||
| 6.75% Series A Cumulative Redeemable Preferred Stock, $0.001 par value, 4,025,000 shares authorized and 3,544,553 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | 4 | 4 |
| Class P common stock, $0.001 par value, 500,000,000 shares authorized, 8,562,777 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | 9 | 9 |
| Class A common stock, $0.001 par value, 500,000,000 shares authorized, 745,881 and 745,887 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | 1 | 1 |
| Class T common stock, $0.001 par value, 500,000,000 shares authorized, 290,345 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Class S common stock, $0.001 par value, 500,000,000 shares authorized, 0 shares issued and outstanding as of as of September 30, 2024 and December 31, 2023 | — | — |
| Class D common stock, $0.001 par value, 500,000,000 shares authorized, 48,015 shares issued and outstanding as of September 30, 2024 and December 31, 2023 | — | — |
| Class I common stock, $0.001 par value, 500,000,000 shares authorized, 470,980 and 469,168 shares issued and outstanding as of September 30, 2024 and December 31, 2023, respectively | — | — |
| Additional paid in capital | 339,518 | 339,581 |
| Accumulated deficit | (93,978) | (89,044) |
| Total stockholders’ equity | 245,554 | 250,551 |
| Total liabilities and stockholders’ equity | $727,868 | $780,345 |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.