What is Inland Real Esta's earnings per share (EPS)?

Inland Real Esta (INRE) reported diluted earnings per share of $-0.31 for fiscal year 2025. This represents a 24.4% change compared to the previous fiscal year. EPS represents the portion of a company's net income allocated to each outstanding share of common stock and is widely used to evaluate profitability on a per-share basis.

Inland Real Esta Financials

INRE

Source SEC Filings (10-K/10-Q) Updated Mar 31, 2026 Currency USD FYE December

This page shows Inland Real Esta (INRE) financial statements, including the income statement, balance sheet, cash flow statement, and key financial ratios. View 14 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).

Rhea AI INRE FY2025 2026-05-06

Recurring operating cash flow is being absorbed by interest and shareholder payouts, while equity keeps thinning beneath a largely steady debt load.

Across FY2023-FY2025, operating cash flow stayed near $40M even though net losses persisted, which signals earnings are heavily shaped by non-cash charges rather than a collapse in cash receipts. In FY2025, $39.1M of interest and $19.6M of dividends together exceeded that cash generation, so the real constraint is how much operating cash is already spoken for.

Leverage rose because equity shrank, not because borrowing jumped: over the last three years, equity fell from $451.1M to $325.4M while long-term debt stayed in the same general range. That pushed debt-to-equity from 1.9x to 2.6x, meaning the same debt stack now rests on a thinner owner cushion.

Liquidity looks thin on hand: year-end cash was $8.0M, or under 1.0% of total liabilities. That makes this a cash-through model rather than a cash-rich one, with flexibility relying on continued operating inflow more than on balance-sheet reserves or opportunistic debt paydown.

Financial Health Signals

Financial Profile 15/100

Based on FY2025 annual data, averaged across the last 3 years for performance metrics (most-recent year weighted highest). How this score is calculated →

Health score ≠ stock price. This rates the quality of Inland Real Esta's business: profitability, growth, balance sheet strength. It doesn't tell you whether the stock is a good buy at today's price. Not financial advice. Use it alongside valuation analysis and your own research.

Growth

Inland Real Esta's revenue grew a modest 2.2% year-over-year to $153.6M. This slow but positive growth earns a score of 35/100.

Leverage

Inland Real Esta has a moderate D/E ratio of 2.57. This balance of debt and equity financing earns a leverage score of 50/100.

Returns

Inland Real Esta generates a -3.4% ROE, indicating limited profit relative to shareholders' investment. This results in a returns score of 3/100. This is up from -4.0% the prior year.

Piotroski F-Score Neutral

4/9

Inland Real Esta passes 4 of 9 financial strength tests. 3 of 4 profitability signals pass, no leverage/liquidity signals pass (rising debt, declining liquidity, or share dilution), both operating efficiency signals pass.

Earnings Quality Mixed

-3.87x

For every $1 of reported earnings, Inland Real Esta generates $-3.87 in operating cash flow ($42.7M OCF vs -$11.0M net income). This mixed ratio suggests some earnings may rely on non-cash accounting items.

Key Financial Metrics

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Earnings & Revenue

Revenue

$153.6M

YoY+2.2%

5Y CAGR+5.8%

Inland Real Esta generated $153.6M in revenue in fiscal year 2025. This represents an increase of 2.2% from the prior year.

EBITDA

N/A

Net Income

-$11.0M

YoY+26.2%

Inland Real Esta reported -$11.0M in net income in fiscal year 2025. This represents an increase of 26.2% from the prior year.

EPS (Diluted)

$-0.31

YoY+24.4%

Inland Real Esta earned $-0.31 per diluted share (EPS) in fiscal year 2025. This represents an increase of 24.4% from the prior year.

Cash & Balance Sheet

Free Cash Flow

N/A

Cash & Debt

$8.0M

YoY+23.9%

5Y CAGR-9.2%

10Y CAGR-21.0%

Inland Real Esta held $8.0M in cash against $837.5M in long-term debt as of fiscal year 2025.

Dividends Per Share

$0.54

YoY+0.0%

5Y CAGR+19.0%

Inland Real Esta paid $0.54 per share in dividends in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Shares Outstanding

36M

YoY+0.0%

5Y CAGR+0.0%

10Y CAGR-8.3%

Inland Real Esta had 36M shares outstanding in fiscal year 2025. This represents an increase of 0.0% from the prior year.

Margins & Returns

Gross Margin

N/A

Operating Margin

N/A

Net Margin

-7.2%

YoY+2.8pp

5Y CAGR+1.8pp

Inland Real Esta's net profit margin was -7.2% in fiscal year 2025, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.

Return on Equity

-3.4%

YoY+0.6pp

5Y CAGR-1.1pp

10Y CAGR-1.5pp

Inland Real Esta's ROE was -3.4% in fiscal year 2025, measuring profit generated per dollar of shareholder equity. This is up 0.6 percentage points from the prior year.

Capital Allocation

R&D Spending

N/A

Share Buybacks

N/A

Capital Expenditures

N/A

INRE Income Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Revenue	$153.6M+2.2%	$150.2M+0.2%	$150.0M+12.2%	$133.6M+12.2%	$119.1M+3.0%	$115.7M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$8.1M+39.6%	$5.8M+11.1%	$5.2M-3.0%	$5.4M+12.9%	$4.8M-8.1%	$5.2M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$39.1M-5.2%	$41.3M-2.8%	$42.5M+28.4%	$33.1M+42.3%	$23.2M-8.3%	$25.3M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$11.0M+26.2%	-$15.0M+1.0%	-$15.1M-19.9%	-$12.6M-404.1%	-$2.5M+75.9%	-$10.4M
EPS (Diluted)	$-0.31+24.4%	$-0.41+2.4%	$-0.42-20.0%	$-0.35-400.0%	$-0.07+75.9%	$-0.29

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Revenue	$38.9M+0.6%	$38.7M+1.8%	$38.0M-0.4%	$38.1M-1.8%	$38.8M+2.4%	$37.9M+1.5%	$37.3M-0.4%	$37.5M
Cost of Revenue	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Gross Profit	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
R&D Expenses	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
SG&A Expenses	$1.3M-62.5%	$3.5M+180.1%	$1.3M-9.7%	$1.4M-27.4%	$1.9M+27.7%	$1.5M+13.1%	$1.3M-7.1%	$1.4M
Operating Income	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Interest Expense	$9.9M+1.3%	$9.8M-0.6%	$9.8M+0.3%	$9.8M+0.7%	$9.7M-3.3%	$10.1M-3.3%	$10.4M+0.2%	$10.4M
Income Tax	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Income	-$2.2M+48.0%	-$4.3M-120.8%	-$2.0M+9.0%	-$2.2M+17.1%	-$2.6M+50.3%	-$5.2M-63.1%	-$3.2M-0.1%	-$3.2M
EPS (Diluted)	$-0.06	N/A	$-0.05+16.7%	$-0.06+14.3%	$-0.07	N/A	$-0.090.0%	$-0.09

INRE Balance Sheet

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Total Assets	$1.2B-3.6%	$1.3B-3.7%	$1.3B-3.9%	$1.4B+24.2%	$1.1B-4.2%	$1.2B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$8.0M+23.9%	$6.4M+7.4%	$6.0M+23.0%	$4.9M-41.0%	$8.2M-36.2%	$12.9M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$922.6M-0.3%	$925.4M-1.1%	$935.7M-1.3%	$948.2M+37.7%	$688.8M-5.9%	$732.1M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$837.5M+0.2%	$835.7M-1.0%	$843.9M-1.0%	$852.3M+43.1%	$595.5M-5.3%	$628.7M
Total Equity	$325.4M-11.9%	$369.4M-9.5%	$408.4M-9.5%	$451.1M+3.0%	$437.9M-1.4%	$444.0M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Total Assets	$1.2B-0.7%	$1.2B-0.6%	$1.3B-0.9%	$1.3B-0.9%	$1.3B-1.4%	$1.3B-0.6%	$1.3B-1.8%	$1.3B
Current Assets	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Cash & Equivalents	$9.2M+16.0%	$8.0M-30.9%	$11.5M-3.9%	$12.0M+48.6%	$8.1M+25.5%	$6.4M-41.2%	$10.9M+1.9%	$10.7M
Inventory	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Accounts Receivable	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Goodwill	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Total Liabilities	$918.9M-0.4%	$922.6M+0.5%	$918.1M-0.2%	$919.6M-0.1%	$920.7M-0.5%	$925.4M-0.4%	$929.1M-0.1%	$930.3M
Current Liabilities	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Long-Term Debt	$836.1M-0.2%	$837.5M+1.0%	$829.4M-0.5%	$833.2M-0.3%	$836.0M0.0%	$835.7M0.0%	$835.5M-0.6%	$840.3M
Total Equity	$320.0M-1.6%	$325.4M-3.5%	$337.0M-2.7%	$346.3M-2.9%	$356.6M-3.5%	$369.4M-1.2%	$374.0M-5.7%	$396.7M
Retained Earnings	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

INRE Cash Flow Statement

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Operating Cash Flow	$42.7M-1.4%	$43.3M+9.9%	$39.4M-12.0%	$44.8M-7.0%	$48.1M+29.6%	$37.1M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$22.0M-58.4%	-$13.9M-34.4%	-$10.4M+96.4%	-$290.5M-4838.0%	-$5.9M-117.7%	$33.2M
Financing Cash Flow	-$19.1M+33.9%	-$28.9M-3.6%	-$27.9M-111.8%	$237.7M+654.4%	-$42.9M+30.8%	-$61.9M
Dividends Paid	$19.6M-0.1%	$19.6M-0.2%	$19.6M+0.3%	$19.6M+100.5%	$9.8M-9.9%	$10.8M
Share Buybacks	N/A	$5.0M-16.2%	$6.0M+63.7%	$3.6M+31.3%	$2.8M+15.5%	$2.4M

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Operating Cash Flow	$10.8M+203.6%	$3.5M-71.7%	$12.6M-15.2%	$14.8M+25.5%	$11.8M+171.6%	$4.3M-67.1%	$13.2M-5.2%	$13.9M
Capital Expenditures	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Free Cash Flow	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Investing Cash Flow	-$2.9M+70.5%	-$9.9M-146.5%	-$4.0M-38.6%	-$2.9M+43.8%	-$5.2M-34.2%	-$3.9M-28.9%	-$3.0M+23.6%	-$3.9M
Financing Cash Flow	-$6.6M-335.4%	$2.8M+131.3%	-$9.0M-12.5%	-$8.0M-60.2%	-$5.0M-0.1%	-$5.0M+50.1%	-$10.0M-42.9%	-$7.0M
Dividends Paid	$4.9M0.0%	$4.9M0.0%	$4.9M0.0%	$4.9M0.0%	$4.9M+0.1%	$4.9M-0.1%	$4.9M0.0%	$4.9M
Share Buybacks	N/A	N/A	N/A	N/A	N/A	$0-100.0%	$1.6M-1.6%	$1.7M

INRE Financial Ratios

Metric	FY25	FY24	FY23	FY22	FY21	FY20
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-7.2%+2.8pp	-10.0%+0.1pp	-10.1%-0.6pp	-9.4%-7.3pp	-2.1%+6.9pp	-9.0%
Return on Equity	-3.4%+0.6pp	-4.0%-0.4pp	-3.7%-0.9pp	-2.8%-2.2pp	-0.6%+1.8pp	-2.3%
Return on Assets	-0.9%+0.3pp	-1.2%-0.0pp	-1.1%-0.2pp	-0.9%-0.7pp	-0.2%+0.7pp	-0.9%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.57+0.3	2.26+0.2	2.07+0.2	1.89+0.5	1.36-0.1	1.42
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A

Metric	Q1'26	Q4'25	Q3'25	Q2'25	Q1'25	Q4'24	Q3'24	Q2'24
Gross Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Operating Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Net Margin	-5.8%+5.4pp	-11.2%-6.0pp	-5.2%+0.5pp	-5.7%+1.0pp	-6.7%+7.1pp	-13.8%-5.2pp	-8.6%-0.1pp	-8.5%
Return on Equity	-0.7%+0.6pp	-1.3%-0.8pp	-0.6%+0.0pp	-0.6%+0.1pp	-0.7%+0.7pp	-1.4%-0.6pp	-0.9%-0.1pp	-0.8%
Return on Assets	-0.2%+0.2pp	-0.4%-0.2pp	-0.2%0.0pp	-0.2%+0.0pp	-0.2%+0.2pp	-0.4%-0.1pp	-0.3%-0.0pp	-0.2%
Current Ratio	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Debt-to-Equity	2.61+0.0	2.57+0.1	2.46+0.1	2.41+0.1	2.34+0.1	2.26+0.0	2.23+0.1	2.12
FCF Margin	N/A	N/A	N/A	N/A	N/A	N/A	N/A	N/A

Frequently Asked Questions

What is Inland Real Esta's annual revenue?

Inland Real Esta (INRE) reported $153.6M in total revenue for fiscal year 2025. This represents a 2.2% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.

How fast is Inland Real Esta's revenue growing?

Inland Real Esta (INRE) revenue grew by 2.2% year-over-year, from $150.2M to $153.6M in fiscal year 2025.

Is Inland Real Esta profitable?

No, Inland Real Esta (INRE) reported a net income of -$11.0M in fiscal year 2025, with a net profit margin of -7.2%.

How much debt does Inland Real Esta have?

As of fiscal year 2025, Inland Real Esta (INRE) had $8.0M in cash and equivalents against $837.5M in long-term debt.

What is Inland Real Esta's net profit margin?

Inland Real Esta (INRE) had a net profit margin of -7.2% in fiscal year 2025, representing the share of revenue converted into profit after all expenses.

Does Inland Real Esta pay dividends?

Yes, Inland Real Esta (INRE) paid $0.54 per share in dividends during fiscal year 2025.

What is Inland Real Esta's return on equity (ROE)?

Inland Real Esta (INRE) has a return on equity of -3.4% for fiscal year 2025, measuring how efficiently the company generates profit from shareholder equity.

What is Inland Real Esta's operating cash flow?

Inland Real Esta (INRE) generated $42.7M in operating cash flow during fiscal year 2025, representing cash generated from core business activities.

What are Inland Real Esta's total assets?

Inland Real Esta (INRE) had $1.2B in total assets as of fiscal year 2025, including both current and long-term assets.

How many shares does Inland Real Esta have outstanding?

Inland Real Esta (INRE) had 36M shares outstanding as of fiscal year 2025.

What is Inland Real Esta's debt-to-equity ratio?

Inland Real Esta (INRE) had a debt-to-equity ratio of 2.57 as of fiscal year 2025, measuring the company's financial leverage by comparing total debt to shareholder equity.

What is Inland Real Esta's return on assets (ROA)?

Inland Real Esta (INRE) had a return on assets of -0.9% for fiscal year 2025, measuring how efficiently the company uses its assets to generate profit.

What is Inland Real Esta's Piotroski F-Score?

Inland Real Esta (INRE) has a Piotroski F-Score of 4 out of 9, indicating neutral financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.

Are Inland Real Esta's earnings high quality?

Inland Real Esta (INRE) has an earnings quality ratio of -3.87x, considered mixed quality. This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.

How financially healthy is Inland Real Esta?

Inland Real Esta (INRE) scores 15 out of 100 on our Financial Profile, indicating weak overall financial health. This composite score evaluates six dimensions: profitability (operating margin), revenue growth, leverage (debt-to-equity), liquidity (current ratio), cash flow quality (free cash flow margin), and shareholder returns (return on equity). Each dimension is normalized against standard financial benchmarks. Learn more in our complete guide to financial health indicators.