Filing Flows › Inland Real Estate Income Trust (INRE) › Q3 2025
Inland Real Estate Income Trust (INRE) Q3 2025 earnings results (third quarter 2025)
10-Q filed Nov 6, 2025
Inland Real Estate Income Trust (INRE) reported revenue of $38.0M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -0.4% from the quarter before. Operating margin was 20.6%, net loss $2.0M (5.2% of revenue).
Inland Real Estate Income Trust, Q3 2025: revenue $38.0M (+2% year over year), operating margin 20.6%, net loss $2.0M, operating cash flow $12.6M. The chart follows the revenue to costs, profit and cash.
| Q3 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.0M | -0.4% | +2% |
| Operating profit | $7.8M | +3% | — |
| Net earnings | −$2.0M | — | — |
| Operating cash flow | $12.6M | -15% | -5% |
| Free cash flow | $8.5M | -28% | -16% |
What changed
Revenue was $38.0M in Q3 2025, up 2% year over year and roughly flat from the previous quarter.
Operating profit was $7.8M, a 20.6% margin (up 1.6 points year over year). Of the extra revenue versus a year earlier, 111% reached operating profit, above the 19% margin then. Total costs fell 0% while revenue rose 2%. The quarter ended with a net loss of $2.0M, narrower than the previous quarter's $2.2M loss. Net interest and other expense of $9.8M was the main reason.
Operating cash flow was $12.6M (down 5% year over year). Non-cash charges added back $14.3M of depreciation and amortization. Capital expenditures of $4.0M left free cash flow of $8.5M.
Questions
What was Inland Real Estate Income Trust's revenue in the third quarter 2025?
Inland Real Estate Income Trust (INRE) reported revenue of $38.0M for the third quarter 2025 (Q3 2025), +2% from a year earlier and -0.4% from the quarter before.
Was Inland Real Estate Income Trust profitable in the third quarter 2025?
Operating profit was $7.8M (20.6% of revenue) and net loss $2.0M.