InPoint Cuts Monthly Distribution to $0.026 and Will Engage a Bank on Strategic Options
The reduction lands on common stockholders who have had no exit from the non-traded REIT since its share repurchase plan was suspended in January 2023.
September 15, 2026
InPoint Commercial Real Estate Income will reduce the monthly distribution on its common stock to a gross $0.026 per share beginning with the payment to holders of record as of September 30, 2026. The board authorized the distribution for each class of common stock, with payment expected on or about October 19, 2026, in cash.
The reduction is steep. As previously reported, InPoint had paid a gross monthly distribution of $0.1042 per share — a rate the company held unchanged from at least January 2023 through the payment to holders of record on March 31, 2026. Management and the board said the prior level was insufficiently aligned with what the portfolio currently earns and the cash flow it generates, and that resetting the distribution better reflects the portfolio’s earnings capacity and forecasted cash flows.
An investment bank, and an open-ended review
The more consequential disclosure sits alongside the distribution news. In a letter to stockholders, InPoint said it has accelerated its evaluation of strategic options intended to enhance stockholder value and improve liquidity, and that management and the board intend to retain an investment bank to explore the alternatives available to the company. Those alternatives, as described, span:
- strategic transactions;
- portfolio-level solutions;
- other initiatives aimed at value and liquidity.
No timetable was given, and the engagement had not been completed as of the letter.
For InPoint’s common stockholders, the liquidity question is the whole question. There is no trading market for the common stock, and the share repurchase plan remains suspended, leaving the monthly distribution as effectively the only cash returning to common holders. The company’s 6.75 percent Series A Cumulative Redeemable Preferred Stock is the only InPoint security with a public market, listed on the New York Stock Exchange.
Class mechanics
The $0.026 figure is the gross amount for every class. Net distributions to Class D, Class S, and Class T holders will be lower, reduced by the stockholder servicing fees applicable to each class, while Class I and Class P holders receive the gross amount. The annualized rate for the fee-bearing classes is correspondingly lower.
Portfolio repositioning continues
InPoint framed the reset against a portfolio still working through a dislocation. The company said portions of the book have held up and that it has made progress repositioning loans and other investments. With lending markets beginning to stabilize, InPoint has resumed originating new loans and is selectively deploying capital where it sees meaningful risk-adjusted return potential. As legacy positions mature and proceeds are recycled into new originations, management expects the portfolio’s overall quality and positioning to improve, while cautioning that no outcome is assured.
That trajectory has been visible in the company’s recent reporting. Net asset value fell to $13.50 per share at March 31, 2026 from $14.13 at year-end 2025 as the loan book continued to contract. The prior year told a similar story with a net loss attributable to common stockholders and a loan portfolio that shrank by more than $200 million during 2025, a year in which the company originated nothing new and funded roughly 90 percent of its distributions from operating cash flow.
Read against that record, the distribution reset is the company acknowledging that the payout had outrun what the portfolio produces. Management positioned it as a building block toward financial flexibility rather than a retrenchment, arguing that a distribution matched to earnings better positions InPoint for whatever the strategic review produces.
The stockholder letter was signed by Chief Executive Officer Denise Kramer. The distribution disclosure was furnished rather than filed.
