Filing Flows › Inland Real Estate Income Trust (INRE) › Q1 2025
Inland Real Estate Income Trust (INRE) Q1 2025 earnings results (first quarter 2025)
10-Q filed May 7, 2025
Inland Real Estate Income Trust (INRE) reported revenue of $38.8M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +2% from the quarter before. Operating margin was 18.3%, net loss $2.6M (6.7% of revenue).
Inland Real Estate Income Trust, Q1 2025: revenue $38.8M (+4% year over year), operating margin 18.3%, net loss $2.6M, operating cash flow $11.8M. The chart follows the revenue to costs, profit and cash.
| Q1 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.8M | +2% | +4% |
| Operating profit | $7.1M | — | — |
| Net earnings | −$2.6M | — | — |
| Operating cash flow | $11.8M | +172% | -0.6% |
| Free cash flow | $6.6M | 14× | -24% |
What changed
Revenue was $38.8M in Q1 2025, up 4% year over year and up 2% from the previous quarter.
Operating profit was $7.1M, a 18.3% margin (down 0.4 points year over year). Of the extra revenue versus a year earlier, 6% reached operating profit, below the 19% margin then. Total costs grew 4% against revenue growth of 4%. The fastest-growing cost line was General & admin (+25%). The quarter ended with a net loss of $2.6M, narrower than the previous quarter's $5.2M loss. Net interest and other expense of $9.7M was the main reason.
Operating cash flow was $11.8M (down 1% year over year). Non-cash charges added back $14.5M of depreciation and amortization. Capital expenditures of $5.2M left free cash flow of $6.6M.
Questions
What was Inland Real Estate Income Trust's revenue in the first quarter 2025?
Inland Real Estate Income Trust (INRE) reported revenue of $38.8M for the first quarter 2025 (Q1 2025), +4% from a year earlier and +2% from the quarter before.
Was Inland Real Estate Income Trust profitable in the first quarter 2025?
Operating profit was $7.1M (18.3% of revenue) and net loss $2.6M.