Inland Real Estate Income Trust, Inc. (INRE)
Inland Real Estate Income Trust, Inc. was established on August 24, 2011, with the objective of acquiring and managing commercial real estate properties situated throughout the United States. Its primary strategy centers on owning retail assets, specifically aiming for a portfolio composed entirely of grocery-anchored properties. While primarily focused on retail, the company has engaged in joint ventures previously and may continue to pursue these, or other real estate acquisitions, if management determines their prospective returns surpass those achievable from retail properties. Additionally, it has the flexibility to invest in equity securities related to real estate, encompassing both publicly traded and private firms, alongside commercial mortgage-backed securities. Notably, the company operates without any direct employees. Its operations are overseen by IREIT Business Manager & Advisor, Inc., referred to as the "Business Manager," an entity that is an indirect, wholly-owned subsidiary of Inland Real Estate Investment Corporation (the "Sponsor"), in accordance with a formal Business Management Agreement.
Sector: Real Estate Investment Trusts
Industry: REIT - Diversified
Inland Real Estate Income Trust, Inc.
OTC:INREReal Estate · REIT - Diversified
+0.00%$9.50
Mkt Cap$342.11M
Float35.9M
O/S36.01M
Inst Own0.0%
SI<0.1%
Div Yield5.71%
Dilution
Delisting Issues Timeline
Financials Summary
Revenue$153.58M
Net Income-$11.05M
Total Assets$1.25B
Free Cash Flow$20.67M
Debt & Equity
Debt 73%
Equity 27%
Total Debt$893.83M
Total Equity$325.36M
Shares Outstanding
Short Interest
Split History1 split · 1 reverse
- 1:30Reverse splitJan 12, 200630 shares → 1
Balance Sheet Details
Assets$1.25B
Liabilities$922.57M
Accounts Receivable$26.84M
Accounts Payable$0
Inventory$0
PP&E (Net)$12.99M
Goodwill$0
Intangible Assets$39.35M
Income Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Revenue | $153.58M | $150.21M | $149.97M | $133.65M | $119.14M | $115.69M | $128.91M | $128.7M | $129.16M | $121.5M | $76.54M | $18.95M | $0 | $102K |
| YoY Growth | 2.2% | 0.2% | 12.2% | 12.2% | 3.0% | -10.3% | 0.2% | -0.4% | 6.3% | 58.7% | 304.0% | - | - | - |
| Cost of Revenue | $175.07M | $57.61M | $58.08M | $52.49M | $44.99M | $42.84M | $48.29M | $38.61M | $38.36M | $35.66M | $20.79M | $4.77M | $0 | $1.04M |
| Gross Profit | -$21.49M | $92.6M | $91.89M | $81.15M | $74.15M | $72.84M | $80.61M | $90.09M | $90.8M | $85.84M | $55.75M | $14.18M | $0 | -$940K |
| Gross Margin | -14.0% | 61.6% | 61.3% | 60.7% | 62.2% | 63.0% | 62.5% | 70.0% | 70.3% | 70.6% | 72.8% | 74.8% | - | -921.5% |
| Research and Development | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Selling, General, and Administrative | $8.12M | $5.82M | $5.24M | $5.4M | $4.78M | $5.21M | $5.04M | $14.21M | $14.4M | $14.49M | $10.46M | $3.2M | $0 | $518K |
| Other | -$57.25M | $60.81M | $59.54M | $55.32M | $48.91M | $52.83M | $57.69M | $57.84M | $61.8M | $59.86M | $34.57M | $7.68M | $0 | $0 |
| Total Operating Expenses | -$49.14M | $66.63M | $64.78M | $60.72M | $53.69M | $58.04M | $62.73M | $72.05M | $76.2M | $74.35M | $45.03M | $10.88M | $0 | $518K |
| Operating Income (EBIT) | $27.65M | $25.97M | $27.11M | $20.43M | $20.46M | $17.03M | $18.03M | $18.01M | $5.31M | $13.04M | -$3.18M | -$1.84M | -$1.12M | -$1.46M |
| Operating Margin | 18.0% | 17.3% | 18.1% | 15.3% | 17.2% | 14.7% | 14.0% | 14.0% | 4.1% | 10.7% | -4.2% | -9.7% | - | -1429.3% |
| Interest Expense | $50.41M | $41.27M | $42.45M | $33.07M | $23.24M | $25.35M | $28.3M | $27.14M | $24.58M | $21.64M | $10.34M | $2.62M | $0 | $98K |
| Interest Income | $0 | $322K | $217K | $19K | $274K | $157K | $143K | $516K | $147K | $378K | $205K | $95K | $0 | $0 |
| Other Income (Expense) | -$38.69M | -$40.95M | -$42.23M | -$33.05M | -$22.97M | -$27.42M | -$29.3M | -$41.29M | -$24.41M | -$21.26M | -$10.25M | -$2.53M | -$20K | $318K |
| Income Before Tax (EBT) | -$11.05M | -$14.98M | -$15.12M | -$12.62M | -$2.5M | -$10.39M | -$11.42M | -$23.28M | -$19.1M | -$7.96M | -$13.44M | -$4.36M | -$1.14M | -$1.14M |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $168K | $630K | $87K | $0 | $0 | $0 |
| Net Income | -$11.05M | -$14.98M | -$15.12M | -$12.62M | -$2.5M | -$10.39M | -$39.73M | -$23.28M | -$19.1M | -$7.96M | -$13.44M | -$4.36M | -$1.14M | -$1.14M |
| Net Income Margin | -7.2% | -10.0% | -10.1% | -9.4% | -2.1% | -9.0% | -30.8% | -18.1% | -14.8% | -6.6% | -17.6% | -23.0% | - | -1117.7% |
| Supplementary Data | ||||||||||||||
| EPS | -0.31 | -0.41 | -0.42 | -0.35 | -0.07 | -1.05 | -1.11 | -0.65 | -0.54 | -0.23 | -0.39 | -0.53 | -18.04 | -18.04 |
| Diluted EPS | -0.31 | -0.41 | -0.42 | -0.35 | -0.07 | -1.05 | -1.11 | -0.65 | -0.54 | -0.23 | -0.39 | -0.53 | -18.04 | -18.04 |
| Weighted Average OS | 36.10M | 36.12M | 36.20M | 36.13M | 36.03M | 36.02M | 35.75M | 35.59M | 35.57M | 34.96M | 34.65M | 8.23M | 63,198 | 63,198 |
| EBITDA | $96.61M | $87.17M | $84.55M | $74.95M | $68.87M | $65.72M | $74.58M | $61.7M | $67.28M | $72.34M | $31.39M | $5.79M | $980K | -$1.2M |
| EBITDA Margin | 62.9% | 58.0% | 56.4% | 56.1% | 57.8% | 56.8% | 57.9% | 47.9% | 52.1% | 59.5% | 41.0% | 30.6% | - | -1173.2% |
Balance Sheet
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Assets | ||||||||||||||
| Current Assets | ||||||||||||||
| Cash and Cash Equivalents | $7.95M | $6.42M | $5.97M | $4.86M | $8.23M | $12.91M | $4.52M | $15.24M | $11.9M | $10.86M | $83.84M | $105.87M | $26.63M | $2.24M |
| Short-Term Investments | $0 | $0 | $0 | $0 | $1.02B | $0 | $0 | $0 | $0 | $0 | $0 | $3.65M | $723K | $0 |
| Cash and Short-Term Investments | $7.95M | $6.42M | $5.97M | $4.86M | $8.23M | $12.91M | $4.52M | $15.24M | $11.9M | $10.86M | $83.84M | $109.52M | $27.36M | $2.24M |
| Accounts Receivable | $26.84M | $23.36M | $23.64M | $20.11M | $18.56M | $21.85M | $17.23M | $16.18M | $15.15M | $11.67M | $7.31M | $1.98M | $142K | $0 |
| Inventory | $0 | $0 | $0 | $0 | $0 | $0 | $38.75M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Assets | $0 | $480K | $479K | $477K | $5.15M | $1.08M | $1.02M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Assets | $34.8M | $30.25M | $30.1M | $25.45M | $31.94M | $35.84M | $61.52M | $32.42M | $27.06M | $22.53M | $91.16M | $111.49M | $27.5M | $2.24M |
| Long-Term Assets | ||||||||||||||
| Property, Plant & Equipment Net | $12.99M | $13.36M | $13.74M | $14.15M | $14.57M | $15.01M | $15.48M | $0 | $1.19B | $1.17B | $1.13B | $0 | $0 | $0 |
| Goodwill | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Intangible Assets | $39.35M | $49.05M | $61.83M | $76.96M | $58.2M | $71.54M | $89.35M | $115.36M | $138.66M | $150.11M | $164.77M | $51.69M | $5.85M | $3.33M |
| Long-Term Investments | $1.15B | $19.44M | $0 | $33.27M | $0 | $0 | $715K | $0 | $7.13M | $126K | $0 | $0 | $0 | $0 |
| Deferred Tax Assets | $0 | $0 | $0 | -$33.27M | $0 | $0 | -$715K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Assets | -$1.15B | $1.18B | $1.24B | $1.28B | $1.02B | $1.05B | $1.09B | $1.17B | $14.71M | $14.19M | $11.55M | $0 | $0 | $0 |
| Total Long-Term Assets | $52.35M | $1.26B | $1.31B | $1.37B | $1.09B | $1.14B | $1.19B | $1.29B | $1.35B | $1.34B | $1.31B | $51.69M | $5.85M | $3.33M |
| Other Assets | $1.16B | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $408.3M | $57.88M | $29.69M |
| Total Assets | $1.25B | $1.29B | $1.34B | $1.4B | $1.13B | $1.18B | $1.25B | $1.32B | $1.38B | $1.36B | $1.4B | $571.49M | $91.24M | $35.26M |
| Liabilities | ||||||||||||||
| Current Liabilities | ||||||||||||||
| Accounts Payable | $0 | $10.79M | $11.18M | $10.27M | $9.09M | $8.98M | $7.95M | $8.85M | $10.17M | $7.27M | $13.93M | $0 | $0 | $0 |
| Short-Term Debt | $19.99M | $0 | $341K | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Income Tax Payable | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Current Unearned Revenue | $0 | $0 | $0 | $0 | -$231.16M | $0 | -$897K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Current Liabilities | $0 | $0 | -$341K | $0 | $231.16M | $0 | $1.72M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Current Liabilities | $19.99M | $18.36M | $18.88M | $19.21M | $16.51M | $14.32M | $25.53M | $23.38M | $18.42M | $21.28M | $45.79M | $0 | $0 | $0 |
| Long-Term Liabilities | ||||||||||||||
| Long-Term Debt | $818.75M | $835.75M | $843.55M | $852.35M | $595.54M | $628.72M | $680.43M | $705.88M | $691.47M | $606.02M | $584.5M | $0 | $0 | $0 |
| Long-Term Unearned Revenue | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Long-Term Deferred Tax Liabilities | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Long-Term Liabilities | $28.74M | $46M | $44.62M | $51.91M | $52.33M | $65.01M | $64.38M | $73.73M | $74.01M | $75.8M | $105.34M | $0 | $0 | $0 |
| Total Long-Term Liabilities | $902.58M | $907.03M | $913.16M | $928.97M | $672.27M | $717.77M | $768.51M | $779.61M | $765.48M | $681.83M | $664.74M | $0 | $0 | $0 |
| Other Liabilities | $0 | $0 | $3.64M | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities | $922.57M | $925.39M | $935.68M | $948.18M | $688.78M | $732.09M | $794.04M | $802.99M | $783.9M | $703.11M | $710.52M | $0 | $0 | $0 |
| Stockholders' Equity | ||||||||||||||
| Preferred Stock | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Common Stock | $36K | $36K | $36K | $36K | $36K | $36K | $36K | $35K | $35K | $88K | $86K | $42K | $7K | $276 |
| Retained Earnings | -$498.06M | -$467.43M | -$432.85M | -$398.1M | -$365.88M | -$348.72M | -$338.33M | -$283.86M | -$212.88M | -$140.42M | -$80.01M | $0 | $0 | -$1.17M |
| Comprehensive Income & Other | $7.11M | $20.68M | $25.13M | $34.17M | -$7.47M | -$17.57M | -$6.91M | $5.49M | $5.75M | $2.31M | -$3.59M | -$1.53M | $0 | $0 |
| Other Stockholders' Equity | $823.39M | $836.83M | $841.17M | $849.12M | $803.76M | $792.64M | $798.81M | $800.9M | $804.32M | $794.78M | $770.76M | $351.42M | $52.75M | $193K |
| Total Equity | $325.36M | $369.44M | $408.36M | $451.06M | $437.92M | $443.96M | $460.52M | $517.08M | $591.47M | $654.45M | $690.84M | $351.46M | $52.75M | -$980K |
| Minority Interest | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Total Liabilities and Equity | $1.25B | $1.29B | $1.34B | $1.4B | $1.13B | $1.18B | $1.25B | $1.32B | $1.38B | $1.36B | $1.4B | $351.46M | $52.75M | -$980K |
| Supplementary Data | ||||||||||||||
| Total Debt | $893.83M | $861.03M | $868.88M | $877.06M | $619.94M | $652.75M | $705.02M | $705.88M | $691.47M | $606.02M | $584.5M | $0 | $0 | $0 |
| Net Debt | $885.88M | $854.62M | $862.91M | $872.2M | $611.71M | $639.85M | $700.51M | $690.64M | $679.56M | $595.16M | $500.66M | -$105.87M | -$26.63M | -$2.24M |
Cash Flow Statement
| Period | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 | FY 2017 | FY 2016 | FY 2015 | FY 2014 | FY 2013 | FY 2012 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Currency | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD | USD |
| Period Ending | 2025-12-31 | 2024-12-31 | 2023-12-31 | 2022-12-31 | 2021-12-31 | 2020-12-31 | 2019-12-31 | 2018-12-31 | 2017-12-31 | 2016-12-31 | 2015-12-31 | 2014-12-31 | 2013-12-31 | 2012-12-31 |
| Operating Activities | ||||||||||||||
| Net Income | -$11.05M | -$14.98M | -$15.12M | -$12.62M | -$2.5M | -$10.39M | -$11.42M | -$22.41M | -$19.1M | -$7.87M | -$13.44M | -$4.36M | -$2.53M | -$1.14M |
| Depreciation & Amortization | $57.25M | $60.88M | $57.22M | $54.5M | $48.13M | $50.76M | $58.18M | $57.84M | $61.8M | $59.86M | $34.57M | $7.68M | $980K | $41K |
| Deferred Income Tax | $0 | $0 | $0 | $0 | $443K | $465K | -$264K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Stock-Based Compensation | $0 | $102K | $88K | $74K | $51K | $68K | $53K | $48K | $33K | $14K | $0 | $0 | $0 | $0 |
| Changes in Working Capital: | ||||||||||||||
| Accounts Receivable | -$1.16M | $1.35M | -$2.44M | -$849K | $3.73M | -$2.16M | -$672K | $906K | -$1.02M | -$1.39M | -$3.39M | -$1.52M | -$81K | $0 |
| Inventory | $0 | $0 | $0 | $0 | -$3.73M | $2.16M | $672K | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Accounts Payable | $1.36M | -$1.34M | $957K | $721K | $112K | $328K | -$196K | -$1.85M | $3.25M | -$1.32M | $3.72M | $0 | $0 | $484K |
| Other Working Capital | -$3.02M | -$3.45M | -$4.46M | $158K | $1.35M | -$2.99M | $1.42M | -$1.07M | $236K | -$5.89M | $8.55M | $767K | $118K | -$484K |
| Total Working Capital Change | -$2.82M | -$3.43M | -$3.5M | $30K | $1.47M | -$2.67M | $1.22M | -$2.02M | $2.46M | -$8.6M | $8.88M | -$378K | $37K | $484K |
| Other Non-Cash Items | -$690K | $720K | $720K | $2.8M | $559K | -$1.1M | -$1M | $128.25M | $127.08M | $115.24M | $65.88M | -$164K | $549K | $90K |
| Net Cash from Operating | $42.7M | $43.29M | $39.4M | $44.79M | $48.15M | $37.14M | $46.76M | $45.05M | $50.87M | $36.2M | $27.08M | $2.92M | -$961K | -$524K |
| Investing Activities | ||||||||||||||
| Capital Expenditures | -$22.03M | -$13.91M | -$10.35M | -$12.4M | -$5.88M | -$4.02M | -$10.01M | -$15.89M | -$6.21M | -$9.32M | -$6.21M | -$131K | -$316K | $0 |
| Acquisitions | $0 | $0 | $0 | $0 | $0 | $0 | $0 | -$2.74M | -$6.92M | $0 | $0 | $0 | $0 | $0 |
| Purchases of Investments | $0 | $0 | $0 | -$277.88M | $0 | $0 | $0 | -$2.74M | -$76.87M | -$79.03M | -$734.33M | $0 | $0 | -$32.16M |
| Sales of Investments | $0 | $0 | $0 | $0 | $0 | $37.26M | $14.87M | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Other Investing Activities | $0 | $0 | $0 | -$221K | $0 | $0 | $14.87M | -$5.8M | $853K | $320K | -$1.89M | -$234K | -$30.06M | -$32.16M |
| Net Cash from Investing | -$22.03M | -$13.91M | -$10.35M | -$290.5M | -$5.88M | $33.23M | $4.86M | -$18.62M | -$82.23M | -$88.03M | -$740.54M | -$310.49M | -$30.38M | -$32.16M |
| Financing Activities | ||||||||||||||
| Debt Repaid | -$4.05M | $9.34M | $9.67M | -$259.75M | $34.07M | $52.95M | $25.16M | -$15.78M | -$85.48M | -$22.84M | -$342.23M | -$84.74M | - | - |
| Common Stock Issuance | $0 | $0 | $6.98M | $7.29M | $3.75M | $4.55M | $19.64M | $19.34M | $27.07M | $27.83M | $443.79M | $350.95M | $0 | $0 |
| Common Stock Repurchases | $0 | $0 | -$5.97M | -$3.65M | -$2.78M | -$2.4M | -$12.57M | -$19.61M | -$19.98M | -$8.75M | -$3.33M | -$260K | $0 | $0 |
| Dividends Paid | -$19.59M | -$19.6M | -$19.64M | -$19.58M | -$9.77M | -$10.84M | -$44.24M | -$40.31M | -$53.31M | -$52.36M | -$42.54M | -$10.6M | -$998K | $0 |
| Other Financing Activities | -$3.6M | $5M | $370K | -$6.14M | $0 | -$273K | $0 | $142K | -$6.86M | -$10.71M | -$48.72M | -$38.03M | $56.73M | $34.89M |
| Net Cash from Financing | -$19.14M | -$28.94M | -$27.93M | $237.67M | -$42.87M | -$61.92M | -$62.33M | -$27.03M | $32.4M | -$21.15M | $691.43M | $386.8M | $55.73M | $34.89M |
| Forex Effect | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Change in Cash | $1.52M | $442K | $1.12M | -$8.05M | -$602K | $8.45M | -$10.71M | $4.34M | $1.04M | -$72.98M | -$22.03M | $79.24M | $24.4M | $2.2M |
| Supplementary Data | ||||||||||||||
| Operating Cash Flow | $42.7M | $43.29M | $39.4M | $44.79M | $48.15M | $37.14M | $46.76M | $45.05M | $50.87M | $36.2M | $27.08M | $2.92M | -$961K | -$524K |
| Capital Expenditure | -$22.03M | -$13.91M | -$10.35M | -$12.4M | -$5.88M | -$4.02M | -$10.01M | -$15.89M | -$6.21M | -$9.32M | -$6.21M | -$131K | -$316K | $0 |
| Free Cash Flow | $20.67M | $29.38M | $29.05M | $32.38M | $42.27M | $33.12M | $36.75M | $29.16M | $44.66M | $26.88M | $20.87M | $2.79M | -$1.28M | -$524K |
| Cash at Beginning | $6.9M | $6.45M | $5.33M | $13.38M | $13.98M | $5.53M | $16.24M | $11.9M | $10.86M | $83.84M | $105.87M | $26.63M | $2.24M | $34K |
| Cash at End | $8.42M | $6.9M | $6.45M | $5.33M | $13.38M | $13.98M | $5.53M | $16.24M | $11.9M | $10.86M | $83.84M | $105.87M | $26.63M | $2.24M |