Inland Real Estate Income Trust, Inc. (INRE) intrinsic value & 10-year financials
Inland Real Estate Income Trust, Inc. (INRE) has no Graham intrinsic value right now because the formula needs positive earnings. Over the last 10 fiscal years revenue grew 2.6% a year to $153.6M, with an average return on invested capital of -1.1%.
- Graham intrinsic value
- —
- Share price (Oct 17, 2026)
- $9.51
- Market cap
- $343.4M
- Revenue (FY2025)
- $153.6M
- Revenue growth (10-yr CAGR)
- 2.6%
- ROIC (10-yr avg)
- -1.1%
- Free cash flow (FY2025)
- —
INRE 10-year financial history
| Fiscal year | Revenue | Net income | EPS (diluted) | Free cash flow | Operating margin | ROIC |
|---|---|---|---|---|---|---|
| FY2025 | $153.6M | -$11.0M | -$0.31 | — | — | -0.9% |
| FY2024 | $150.2M | -$15.0M | -$0.41 | — | — | -1.2% |
| FY2023 | $150.0M | -$15.1M | -$0.42 | — | — | -1.2% |
| FY2022 | $133.6M | -$12.6M | -$0.35 | $44.6M | — | -1.1% |
| FY2021 | $119.1M | -$2.5M | -$0.07 | — | — | -0.2% |
| FY2020 | $115.7M | -$10.4M | -$0.29 | — | — | -0.9% |
| FY2019 | $128.9M | -$11.4M | — | — | — | -1.0% |
| FY2018 | $128.7M | -$23.3M | — | — | 14.0% | -1.9% |
| FY2017 | $129.2M | -$19.1M | — | — | 4.1% | -1.5% |
| FY2016 | $121.5M | -$8.0M | — | — | 10.7% | -0.6% |
Source: annual 10-K filings on SEC EDGAR. Figures in USD.
Executive summary
Inland Real Estate Income Trust, Inc. has demonstrated mature, steady growth, with revenue compounding at 2.6% annually over the past decade.
Inland Real Estate Income Trust, Inc. has historically struggled to out-earn its cost of capital, averaging just -1.1% ROIC.
Inland Real Estate Income Trust, Inc. has not shown aggressive share repurchases (>10% retirement) or a major balance-sheet leverage increase (>50% net debt growth) over the 10-year window.
Benjamin Graham lens
Under Benjamin Graham's formula using SEC EDGAR fundamentals, Inland Real Estate Income Trust, Inc. is modeled at 2.6% normalized earnings growth with a 5.1% bond-yield adjustment. The resulting Graham intrinsic value estimate is $-3.69 per share.