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Inland Real Estate Income Trust (INRE) earnings and revenue breakdown
Latest: Q3 2026 · 10-Q filed Nov 6, 2026 · Inland Real Estate Income Trust (INRE) Q3 2026 earnings results →
Q3 2026 Revenue up 1% year over year to $38.4M · 2¢ of every $1 of revenue lost · operating margin 22.9%
Inland Real Estate Income Trust made $38.4M in Q3 2026 (+1% Y/Y). Operating margin 22.9%, net loss $859K. See where every dollar goes — costs, profit and cash — as a Sankey from the 10-Q filed Nov 6, 2026.
Drawing the Sankey…
Open the interactive Sankey → click any line for what the company wrote about it, compare Y/Y and Q/Q, export as PNG or PDF
What changed this quarter
Revenue was $38.4M in Q3 2026, up 1% year over year and up 1% from the previous quarter.
Operating profit was $8.8M, a 22.9% margin (up 2.3 points year over year). Of the extra revenue versus Q3 2025, 263% reached operating profit, above the 21% margin then. Total costs fell 2% while revenue rose 1%. The fastest-growing cost line was General & admin (+20%). The quarter ended with a net loss of $859K, after a profit of $1.1M the previous quarter. Net interest and other expense of $9.6M was the main reason.
Operating cash flow was $15.3M (up 22% year over year). Non-cash charges added back $14.3M of depreciation and amortization. Working capital and other items added $1.8M. Capital expenditures of $3.9M left free cash flow of $11.4M.
Quarterly history
| Quarter | Form | Filed | Revenue | Y/Y | Op. margin | Net earnings | Op. cash flow |
|---|---|---|---|---|---|---|---|
| Q3 2026 | 10-Q | Nov 6, 2026 | $38.4M | +1% | 22.9% | −$859K | $15.3M |
| Q2 2026 | 10-Q | Aug 5, 2026 | $37.8M | -0.7% | 16.1% | $1.1M | $13.8M |
| Q1 2026 | 10-Q | May 6, 2026 | $38.9M | +0.3% | 19.6% | −$2.2M | $10.8M |
| Q4 2025 | 10-K | Mar 11, 2026 | $38.7M | +2% | 13.4% | −$4.3M | $3.5M |
| Q3 2025 | 10-Q | Nov 6, 2025 | $38.0M | +2% | 20.6% | −$2.0M | $12.6M |
| Q2 2025 | 10-Q | Aug 12, 2025 | $38.1M | +2% | 19.9% | −$2.2M | $14.8M |
| Q1 2025 | 10-Q | May 7, 2025 | $38.8M | +4% | 18.3% | −$2.6M | $11.8M |
Charts
Interactive views
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💵Where each $1 goesinteractive
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🌏Named in Asian annual reportsinteractive
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🔄Rotation against the market and its industry (RRG)interactive
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🔍Earnings qualityinteractive
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⚖️Fair value by methodinteractive
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🔭Outlook & guidanceinteractive
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📈Investments: gains and what it boughtinteractive
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🏭Its industry’s money flow (input-output)interactive
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About Inland Real Estate Income Trust
Inland Real Estate Income Trust, Inc. (which we refer to herein as the “Company,” “we,” “our” or “us”) was formed and sponsored by Inland Real Estate Investment Corporation, referred to herein as our “Sponsor” or “IREIC,” on August 24, 2011. IREIC is part of The Inland Real Estate Group of Companies, Inc., which is comprised of independent legal entities that are either subsidiaries of the same entity, affiliates of each other, share some common ownership or have been sponsored and managed by such entities or subsidiaries thereof, including IREIC, some or all of which are sometimes referred to herein as “Inland.” We were formed to acquire and manage a portfolio of commercial real estate investments located in the United States and elected to be taxed as a real estate investment trust (a “REIT”) commencing with the tax year ended December 31, 2013.
In its own words, from its 10-K, filed Mar 11, 2026.
Inland Real Estate Income Trust against its Real Estate Investment Trusts peers
The largest companies of the same SEC industry, each at its latest quarter. Revenue growth: +1% against the peers' median +11%. Operating margin: 22.9% against the peers' median 20.6%.
| Company | Quarter | Revenue | Y/Y | Op. margin |
|---|---|---|---|---|
| INRE Inland Real Estate Income Trust | Q3 2026 | $38.4M | +1% | 22.9% |
| WELL Welltower | Q3 2026 | $3.7B | +38% | 9.1% |
| AMT American Tower | Q3 2026 | $2.8B | +2% | 45.6% |
| EQIX Equinix | Q3 2026 | $2.6B | +11% | 23.3% |
| PLD Prologis | Q1 2026 | $2.3B | +7% | 52.7% |
| IRM Iron Mountain | Q3 2026 | $2.0B | +14% | 20.6% |
| DLR Digital Realty Trust | Q3 2026 | $1.9B | +21% | 15.9% |
| WY Weyerhaeuser | Q3 2026 | $1.9B | +8% | 5.4% |
| VTR Ventas | Q3 2026 | $1.8B | +23% | 2.9% |
Source: Inland Real Estate Income Trust 10-Q on SEC EDGAR · CIK 1528985 · Real Estate Investment Trusts
Guidance and outlook
More on INRE
History
Every quarter: Q3 2026 results · Q2 2026 results · Q1 2026 results · Q4 2025 results · Q3 2025 results · Q2 2025 results · Q1 2025 results
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