Filing Flows › Inland Real Estate Income Trust (INRE) › Q2 2025
Inland Real Estate Income Trust (INRE) Q2 2025 earnings results (second quarter 2025)
10-Q filed Aug 12, 2025
Inland Real Estate Income Trust (INRE) reported revenue of $38.1M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -2% from the quarter before. Operating margin was 19.9%, net loss $2.2M (5.7% of revenue).
Inland Real Estate Income Trust, Q2 2025: revenue $38.1M (+2% year over year), operating margin 19.9%, net loss $2.2M, operating cash flow $14.8M. The chart follows the revenue to costs, profit and cash.
| Q2 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.1M | -2% | +2% |
| Operating profit | $7.6M | +7% | — |
| Net earnings | −$2.2M | — | — |
| Operating cash flow | $14.8M | +26% | +6% |
| Free cash flow | $11.9M | +80% | +19% |
What changed
Revenue was $38.1M in Q2 2025, up 2% year over year and down 2% from the previous quarter.
Operating profit was $7.6M, a 19.9% margin (up 0.9 points year over year). Of the extra revenue versus a year earlier, 75% reached operating profit, above the 19% margin then. Total costs grew 1% against revenue growth of 2%. The quarter ended with a net loss of $2.2M, narrower than the previous quarter's $2.6M loss. Net interest and other expense of $9.7M was the main reason.
Operating cash flow was $14.8M (up 6% year over year). Non-cash charges added back $14.3M of depreciation and amortization. Working capital and other items added $2.7M. Capital expenditures of $2.9M left free cash flow of $11.9M.
Questions
What was Inland Real Estate Income Trust's revenue in the second quarter 2025?
Inland Real Estate Income Trust (INRE) reported revenue of $38.1M for the second quarter 2025 (Q2 2025), +2% from a year earlier and -2% from the quarter before.
Was Inland Real Estate Income Trust profitable in the second quarter 2025?
Operating profit was $7.6M (19.9% of revenue) and net loss $2.2M.