Monitor next month's NAV update for continued erosion in loan portfolio values or leverage trends. The preferred stock (ICR PR A) is not directly impacted by this routine NAV fluctuation — credit coverage remains adequate with $135.6M common equity cushion below $88.9M preferred.
Price Chart
Executive Summary
InPoint Commercial Real Estate Income, Inc. disclosed its April 30, 2026 net asset value (NAV) per share of $13.4029, down from $13.4410 in the prior month (March 31, 2026). The decline reflects a $3.1M reduction in NAV attributable to common stock, driven by lower commercial mortgage loan values and increased leverage. This is a routine monthly NAV update with no material operational or credit event.
Key Facts
- Aggregate NAV per share as of April 30, 2026: $13.4029
- Total NAV attributable to common stock: $135.6 million
- Commercial mortgage loans: $319.9 million (largest asset)
- Repurchase agreements (debt): $205.7 million
- Preferred stock liquidation preference: $88.9 million
- Outstanding common shares: 10.12 million
- Public offering terminated November 1, 2025
Financial Impact
NAV per share declined ~$0.038 (0.28%) from prior month; total common NAV down ~$3.1M
Risk Factors
- Continued decline in commercial real estate values could pressure NAV further
- High leverage (repurchase agreements + loan participations = $253.5M vs. $319.9M loans) increases sensitivity to market downturns
- No prior-month NAV comparison provided in filing — trend analysis limited
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-226806 |
| Document: 0001193125-26-226806-index-headers.html | 0001193125-26-226806 |
| Document: 0001193125-26-226806-index.html | 0001193125-26-226806 |
| Document: 0001193125-26-226806.txt | 0001193125-26-226806 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
May 28, 2026 21w ago | 8-K | $8.26 $8.26 | · 0.00% | ▲ +1.79% | $3.11 (−62.34%) |
May 15, 2026 23w ago | 8-K | $8.16 $8.26 | ▲ +1.28% | ▼ −0.30% | $3.11 (−61.86%) |
US Market Status
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