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Inland Real Estate Income Trust cash flow, quarter by quarter

Latest: Q3 2026 · from the cash-flow statements filed with the SEC

Free cash flow$11.4M in Q3 2026 · $20.0M over twelve months

Operating cash flow$15.3M
Capital spending−$3.9M
Free cash flow+$11.4M

Analysis

In Q3 2026, Inland Real Estate Income Trust generated $15.3M of operating cash flow and spent $3.9M on capital projects, leaving free cash flow of $11.4M. That is $2.9M more than in Q3 2025 ($8.5M).

Over the twelve months to Sep 30, 2026, operating cash flow was $43.4M; the largest uses were net borrowing (+) / repaid (−) ($25.4M), capital spending ($23.3M), dividends ($19.6M); besides operations, cash came from other investing ($30.3M); the cash balance fell by $184K.

Operating cash flow was $15.3M against net income of −$859K. The largest differences: depreciation & amortization +$14.3M, receivables +$1.3M, payables +$399K.

Free cash flow

Inland Real Estate Income Trust: free cash flow by quarterInland Real Estate Income Trust: free cash flow by quarter$486KQ4 2024$6.6MQ1 2025$11.9MQ2 2025$8.5MQ3 2025−$6.4MQ4 2025$7.8MQ1 2026$7.2MQ2 2026$11.4MQ3 2026
Operating cash flow less capital spending.
Inland Real Estate Income Trust: operating cash flow against capital spendingInland Real Estate Income Trust: operating cash flow against capital spendingOperating cash flowCapital spending$4.3M$3.9MQ4 2024$11.8M$5.2MQ1 2025$14.8M$2.9MQ2 2025$12.6M$4.0MQ3 2025$3.5M$9.9MQ4 2025$10.8M$2.9MQ1 2026$13.8M$6.6MQ2 2026$15.3M$3.9MQ3 2026
Latest (Q3 2026): Operating cash flow $15.3M, Capital spending $3.9M.

Capital allocation, year by year

Inland Real Estate Income Trust: where the cash came from (up) and went (down), by fiscal yearInland Real Estate Income Trust: where the cash came from (up) and went (down), by fiscal yearOperating cash flowNet borrowingShares issuedCapital spendingBuybacksDividendsFY2021: Operating cash flow $48.1MFY2021: Net borrowing −$34.1MFY2021: Shares issued $3.7MFY2021: Capital spending −$5.9MFY2021: Buybacks −$2.8MFY2021: Dividends −$9.8M$51.9MFY2021FY2022: Operating cash flow $44.8MFY2022: Net borrowing $260MFY2022: Shares issued $7.3MFY2022: Capital spending −$12.4MFY2022: Buybacks −$3.6MFY2022: Dividends −$19.6M$312MFY2022FY2023: Operating cash flow $39.4MFY2023: Net borrowing −$9.7MFY2023: Shares issued $7.0MFY2023: Capital spending −$10.4MFY2023: Buybacks −$6.0MFY2023: Dividends −$19.6M$46.4MFY2023FY2024: Operating cash flow $43.3MFY2024: Net borrowing −$9.3MFY2024: Shares issued $5.0MFY2024: Capital spending −$13.9MFY2024: Buybacks −$5.0MFY2024: Dividends −$19.6M$48.3MFY2024FY2025: Operating cash flow $42.7MFY2025: Capital spending −$22.0MFY2025: Dividends −$19.6M$42.7MFY2025
Over these 5 years operating cash flow totalled $218M; the largest uses were dividends ($88.2M) and capital spending ($64.6M). Cash-flow statements as filed.

Cash runway and the debt wall

Cash & investments$11.4M
Debt$802M
Net debt$790M
Due within a year$93.0M

Inland Real Estate Income Trust funds itself: free cash flow was $20.0M over the last twelve months, and $11.4M of cash and investments stands against $802M of debt ($93.0M due within a year, 0.1× covered by cash).

Inland Real Estate Income Trust: debt maturities by year (FY2024)Inland Real Estate Income Trust: debt maturities by year (FY2024)$93.0MYear 1$170MYear 2$575MYear 3
Principal due in each year as disclosed in the annual report, against $11.4M of cash and investments now.

Where the cash came from and went

Inland Real Estate Income Trust: sources (+) and uses (−) of cash, Q3 2026Inland Real Estate Income Trust: sources (+) and uses (−) of cash, Q3 2026Operating cash flow$15.3MNet borrowing (+) / repaid (−)−$5.0MDividends−$4.9MCapital spending−$3.9MBuybacks−$1.0MCash drawn (+) / kept (−)−$555KShares issued$43K
Inland Real Estate Income Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Inland Real Estate Income Trust: sources (+) and uses (−) of cash, TTM to Q3 2026Operating cash flow$43.4MOther investing$30.3MNet borrowing (+) / repaid (−)−$25.4MCapital spending−$23.3MDividends−$19.6MOther financing−$5.5MCash drawn (+) / kept (−)$184K

From profit to cash

Inland Real Estate Income Trust: net income to operating cash flow, Q3 2026Inland Real Estate Income Trust: net income to operating cash flow, Q3 2026Net income−$859KDepreciation & amortization$14.3MOther non-cash$62KReceivables$1.3MPayables$399KPrepaid and other assets$195KOther liabilities$106KOperating cash flow$15.3M
Non-cash charges are added back; money tied up in receivables or inventory is subtracted.

Every quarter

QuarterOperating cash flowCapital spendingBuybacksDividendsNet borrowing (+) / repaid (−)Shares issuedCash drawn (+) / kept (−)Free cash flow
Q3 2026$15.3M−$3.9M−$1.0M−$4.9M−$5.0M$43K−$555K$11.4M
Q2 2026$13.8M−$6.6M—−$4.9M−$30.0M—−$1.6M$7.2M
Q1 2026$10.8M−$2.9M—−$4.9M−$1.7M—−$1.2M$7.8M
Q4 2025$3.5M−$9.9M—−$4.9M$11.3M—$3.6M−$6.4M
Q3 2025$12.6M−$4.0M—−$4.9M−$4.1M—$461K$8.5M
Q2 2025$14.8M−$2.9M—−$4.9M−$3.1M—−$3.9M$11.9M
Q1 2025$11.8M−$5.2M—−$4.9M−$88K—−$1.6M$6.6M
Q4 2024$4.3M−$3.9M—−$4.9M−$86K—$4.5M$486K

Inland Real Estate Income Trust: income statement and cash flow

Inland Real Estate Income Trust, Q3 2026: revenue $38.4M (+1% year over year), operating margin 22.9%. The chart follows the revenue to costs, profit and cash.

Inland Real Estate Income Trust: every quarter, Q/Q and Y/Y → Open in the app

Read automatically from the company’s XBRL cash-flow statements; quarterly figures for the fourth quarter are the year less the first three. Errors are possible. Not investment advice.