Company profile
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
ExchangeRight Essential Income Strategy, ExchangeRight Income Fund Class I, ExchangeRight Income Fund, a Maryland statutory trust
SEC CIK
Corporate docs
Subsidiaries
ExchangeRight Income Fund Operating Partnership, LP • ExchangeRight Income Fund GP, LLC • ExchangeRight Income Fund Properties, LLC • ExchangeRight Income Fund RSLCA, LLC • ExchangeRight Income Fund Trustee, LLC • ExchangeRight NLP 3 Master Lessee, LLC • ExchangeRight NLP 4 Master Lessee, LLC • ExchangeRight NLP 5 Master Lessee, LLC • ExchangeRight NLP 6 Master Lessee, LLC • ExchangeRight NLP 7 Master Lessee, LLC ...
IRS number
367729360
Latest filings (excl ownership)
10-Q
2024 Q1
Quarterly report
3 May 24
8-K
Other Events
17 Apr 24
10-K
2023 FY
Annual report
11 Apr 24
D
$2.17 mm in equity
8 Apr 24
NT 10-K
Notice of late annual filing
1 Apr 24
D/A
$2.17 bn in investment fund, sold $438.27 mm, 2237 investors
28 Mar 24
8-K
Other Events
19 Mar 24
8-K
Other Events
14 Feb 24
D/A
$2.17 bn in investment fund, sold $438.27 mm, 2237 investors
29 Jan 24
8-K
Other Events
24 Jan 24
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
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Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | |
---|---|---|
Revenue | ||
Cost of revenue | ||
Operating income | ||
Operating margin | ||
Net income | ||
Net profit margin | ||
Cash on hand | ||
Change in cash | ||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 17.36 mm | 17.36 mm | 17.36 mm | 17.36 mm | 17.36 mm | 17.36 mm |
Cash burn (monthly) | 656.00 k | 305.17 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | 1.09 mm | 508.30 k | n/a | n/a | n/a | n/a |
Cash remaining | 16.27 mm | 16.85 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | 24.8 | 55.2 | n/a | n/a | n/a | n/a |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Mar 24 | Warren Thomas | Class A Common Shares of beneficial interest | Buy | Acquire P | No | No | 28.7 | 1,852.377 | 53.16 k | 3,760.377 |
31 Aug 23 | Warren Thomas | Operating Partnership Units Class I Common Shares of beneficial interest | Other | Acquire J | Yes | No | 28.05 | 4,891 | 137.19 k | 53,887 |