Filing Flows › Inland Real Estate Income Trust (INRE) › Q4 2025
Inland Real Estate Income Trust (INRE) Q4 2025 earnings results (fourth quarter 2025)
10-K filed Mar 11, 2026
Inland Real Estate Income Trust (INRE) reported revenue of $38.7M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +2% from the quarter before. Operating margin was 13.4%, net loss $4.3M (11.2% of revenue).
Inland Real Estate Income Trust, Q4 2025: revenue $38.7M (+2% year over year), operating margin 13.4%, net loss $4.3M, operating cash flow $3.5M. The chart follows the revenue to costs, profit and cash.
| Q4 2025 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $38.7M | +2% | +2% |
| Operating profit | $5.2M | -34% | — |
| Net earnings | −$4.3M | — | — |
| Operating cash flow | $3.5M | -72% | -18% |
What changed
Revenue was $38.7M in Q4 2025, up 2% year over year and up 2% from the previous quarter.
Operating profit was $5.2M, a 13.4% margin (up 0.8 points year over year). Of the extra revenue versus a year earlier, 54% reached operating profit, above the 13% margin then. Total costs grew 1% against revenue growth of 2%. The fastest-growing cost line was General & admin (+135%). The quarter ended with a net loss of $4.3M, wider than the previous quarter's $2.0M loss. Net interest and other expense of $9.5M was the main reason.
Operating cash flow was $3.5M (down 18% year over year). Non-cash charges added back $14.2M of depreciation and amortization. Working capital and other items used $6.3M. Capital expenditures of $9.9M exceeded it, leaving free cash flow of −$6.4M.
Questions
What was Inland Real Estate Income Trust's revenue in the fourth quarter 2025?
Inland Real Estate Income Trust (INRE) reported revenue of $38.7M for the fourth quarter 2025 (Q4 2025), +2% from a year earlier and +2% from the quarter before.
Was Inland Real Estate Income Trust profitable in the fourth quarter 2025?
Operating profit was $5.2M (13.4% of revenue) and net loss $4.3M.