Last $10.41 USD
Change Today +0.08 / 0.77%
Volume 215.7K
As of 8:04 PM 08/29/14 All times are local (Market data is delayed by at least 15 minutes).

inland real estate corp (IRC) Snapshot

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11/26/13 - $11.08
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09/3/13 - $9.51
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inland real estate corp (IRC) Details

Inland Real Estate Corporation, a real estate investment trust (REIT), engages in the ownership, operation, and development of shopping centers and single-tenant retail properties in the Midwest region of the United States. As of December 31, 2007, the company owned interests in 152 investment properties, comprising 70 neighborhood retail centers totaling approximately 4,397,000 gross leasable square feet; 20 community centers totaling approximately 3,007,000 gross leasable square feet; 28 power centers totaling approximately 4,622,000 gross leasable square feet; 1 lifestyle center totaling approximately 562,000 gross leasable square feet; and 33 single-user properties totaling approximately 2,139,000 gross leasable square feet. Inland Real Estate Corporation has elected to be taxed as a REIT under the Internal Revenue Code and would not be subject to federal income tax to the extent it distributes at least 90% of its REIT taxable income to stockholders. The company was formed in 1994 and is based in Oak Brook, Illinois.

Founded in 1994

inland real estate corp (IRC) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: $570.0K
Chief Financial Officer, Principal Accounting...
Total Annual Compensation: $420.0K
Chief Investment Officer and Executive Vice P...
Total Annual Compensation: $410.0K
Senior Vice President, General Counsel and Co...
Total Annual Compensation: $315.0K
Senior Vice President of Transactions
Total Annual Compensation: $305.0K
Compensation as of Fiscal Year 2013.

inland real estate corp (IRC) Key Developments

Inland Real Estate Corporation and PGGM Joint Venture Announce Acquisition of Power Center in South Bend-Mishawaka, Indiana MSA

Inland Real Estate Corporation announced that its joint venture with PGGM has acquired the Princess City Plaza shopping center, located in Mishawaka, Indiana within the South Bend-Mishawaka MSA, for $28.6 million in cash, subject to future earnout payments. Princess City Plaza encompasses 178,500 square feet of retail space, including ground leases, and is nearly 99% leased to leading national retailers and chain restaurants including Dick's Sporting Goods, Old Navy, PetSmart, Gordmans, Shoe Carnival, Noodles and Company, and Carrabba's Italian Grill, among others. The center is shadow-anchored by Whole Foods Market and Kohl's.

Inland Real Estate Corporation Declares A Cash Distribution, Payable on September 17, 2014

Inland Real Estate Corporation declared a cash distribution of $0.0475 per share on the outstanding shares of its common stock, payable on September 17, 2014, to common stockholders of record at the close of business on September 2, 2014.

Inland Real Estate Corp. Announces Preferred Stock Payable on September 15, 2014

Inland Real Estate Corp. has declared a cash dividend of $0.169271 per share on the outstanding shares of its Preferred Stock, payable on September 15, 2014, to holders of record of Preferred Stock at the close of business on September 2, 2014.


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