Cash flow Inland Real Estate Income Trust, Inc.

Equities

INRE

US4574641050

Commercial REITs

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Aug. 13	Inland Real Estate Income Trust, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024	CI
Jun. 27	Inland Real Estate Income Trust, Inc. Announces Cash Dividend, Payable on or About July 8, 2024	CI

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Published financial data: INLAND REAL ESTATE INCOME TRUST, INC.

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: December	2019	2020	2021	2022	2023
Rental Revenues	129M	116M	119M	133M	150M
Tenant Reimbursements	-	-	-	-	-
Other Revenues, Total	254K	162K	183K	214K	336K
Total Revenues	129M	116M	119M	134M	150M
Property Expenses	48.29M	42.84M	44.99M	52.5M	58.08M
Selling General & Admin Expenses, Total	5.04M	5.21M	4.78M	5.4M	5.24M
Depreciation & Amortization - (IS) - (Collected)	57.69M	52.83M	48.91M	55.32M	59.54M
Total Operating Expenses	111M	101M	98.68M	113M	123M
Operating Income (REIT / Utility Template)	17.88M	14.8M	20.46M	20.43M	27.11M
Interest Expense, Total	-28.3M	-25.35M	-23.24M	-33.07M	-42.45M
Interest and Investment Income	143K	157K	274K	19K	217K
Net Interest Expenses	-28.16M	-25.19M	-22.97M	-33.05M	-42.23M
EBT, Excl. Unusual Items	-10.28M	-10.39M	-2.5M	-12.62M	-15.12M
Gain (Loss) on Sale of Investments	-	-	-	-	-
Gain (Loss) on Sale of Assets	3.28M	-	-	-	-
Asset Writedown	-4.42M	-	-	-	-
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Earnings From Continuing Operations	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Net Income to Company	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Net Income - (IS)	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Net Income to Common Incl Extra Items	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Net Income to Common Excl. Extra Items	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Per Share Items
Net EPS - Basic	-0.32	-0.29	-0.07	-0.35	-0.42
Basic EPS - Continuing Operations	-0.32	-0.29	-0.07	-0.35	-0.42
Basic Weighted Average Shares Outstanding	35.75M	36.02M	36.03M	36.13M	36.2M
Net EPS - Diluted	-0.32	-0.29	-0.07	-0.35	-0.42
Diluted EPS - Continuing Operations	-0.32	-0.29	-0.07	-0.35	-0.42
Diluted Weighted Average Shares Outstanding	35.75M	36.02M	36.03M	36.13M	36.2M
Normalized Basic EPS	-0.18	-0.18	-0.04	-0.22	-0.26
Normalized Diluted EPS	-0.18	-0.18	-0.04	-0.22	-0.26
Dividend Per Share	1.21	-	0.41	0.54	0.54
Payout Ratio	-387.43	-104.36	-390.21	-155.2	-129.84
Supplemental Items
EBITDA	74.17M	64.95M	67.86M	74.06M	83.16M
EBITA	34.32M	27.46M	30.06M	30.73M	36.33M
EBIT	17.88M	14.8M	20.46M	20.43M	27.11M
EBITDAR	-	-	-	-	83.52M
Total Revenues (As Reported)	129M	116M	119M	134M	150M
Normalized Net Income	-6.42M	-6.49M	-1.56M	-7.89M	-9.45M
Supplemental Operating Expense Items
General and Administrative Expenses	5.04M	5.21M	4.78M	5.4M	5.24M
Net Rental Expense, Total	-	-	-	-	362K
Imputed Operating Lease Interest Expense	-	-	-	-	141K
Imputed Operating Lease Depreciation	-	-	-	-	221K
Stock-Based Comp., Other (Total)	53K	68K	51K	74K	88K
Total Stock-Based Compensation	53K	68K	51K	74K	88K

Fiscal Period: December	2019	2020	2021	2022	2023
Assets
Gross Property Plant And Equipment	1.27B	1.27B	1.28B	1.54B	1.55B
Accumulated Depreciation	-171M	-208M	-246M	-289M	-336M
Net Property Plant And Equipment	1.1B	1.06B	1.03B	1.25B	1.22B
Total Real Estate Assets	1.1B	1.06B	1.03B	1.25B	1.22B
Cash And Equivalents	4.52M	12.91M	8.23M	4.86M	5.98M
Accounts Receivable, Total	17.23M	21.85M	18.56M	20.11M	23.64M
Investment In Debt and Equity Securities	-	-	-	33.27M	23.28M
Other Intangibles, Total	89.35M	71.54M	58.2M	76.96M	61.83M
Restricted Cash	1.02M	1.08M	5.15M	477K	479K
Other Current Assets, Total	38.75M	-	-	-	-
Trading Asset Securities, Total	715K	-	-	-	-
Deferred Charges Long-Term	-	-	-	-	-
Other Long-Term Assets, Total	5.9M	6.3M	6.45M	9.5M	10.59M
Total Assets	1.25B	1.18B	1.13B	1.4B	1.34B
Liabilities
Current Portion of Long-Term Debt	-	-	530K	-	341K
Long-Term Debt	689M	646M	602M	852M	844M
Long-Term Leases	23.7M	24.04M	24.4M	24.72M	24.99M
Accounts Payable, Total	7.95M	8.98M	9.09M	10.26M	11.18M
Accrued Expenses, Total	5.02M	5.35M	2.54M	3.16M	2.8M
Other Current Liabilities - (Brok / FS / Ins. / REIT Template)	16.45M	3.59M	8.27M	8.55M	8.2M
Other Non Current Liabilities	51.97M	43.86M	41.48M	49.15M	44.62M
Total Liabilities	794M	732M	689M	948M	936M
Common Stock, Total	36K	36K	36K	36K	36K
Additional Paid In Capital	806M	810M	811M	815M	816M
Distributions In Excess Of Earnings	-338M	-349M	-366M	-398M	-433M
Comprehensive Income and Other	-6.91M	-17.57M	-7.47M	34.17M	25.13M
Total Common Equity	461M	444M	438M	451M	408M
Total Equity	461M	444M	438M	451M	408M
Total Liabilities And Equity	1.25B	1.18B	1.13B	1.4B	1.34B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	36.02M	36.02M	36.08M	36.23M	36.15M
ECS Total Common Shares Outstanding	35.8M	36.02M	36.04M	36.18M	36.16M
Book Value / Share	12.86	12.32	12.15	12.47	11.29
Tangible Book Value	371M	372M	380M	374M	347M
Tangible Book Value Per Share	10.37	10.34	10.54	10.34	9.58
Total Debt	713M	670M	627M	877M	869M
Net Debt	707M	657M	619M	872M	863M
Debt Equivalent Oper. Leases	-	-	-	-	2.9M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	3	3	3	-	3
Land - (BS)	268M	268M	268M	330M	330M
Buildings, Total	984M	987M	993M	1.2B	1.21B
Accumulated Allowance for Doubtful Accounts (Supple)	-	4.64M	1.26M	1.12M	871K

Fiscal Period: December	2019	2020	2021	2022	2023
Net Income	-11.42M	-10.39M	-2.5M	-12.62M	-15.12M
Depreciation, Depletion & Amortization	40.34M	37.5M	37.81M	43.33M	46.84M
Amortization of Goodwill and Intangible Assets - (CF)	16.44M	12.65M	9.6M	10.29M	9.22M
Total Depreciation, Depletion & Amortization	56.77M	50.15M	47.4M	53.62M	56.05M
Amortization of Deferred Charges, Total	604K	1.23M	1.63M	3.84M	2.39M
(Gain) Loss On Sale of Asset - (CF)	-3.28M	-	-	-	-
(Gain) Loss on Sale of Investments - (CF)	-	-	-	-	-
Total Asset Writedown	4.42M	465K	443K	417K	-
(Income) Loss On Equity Investments - (CF)	-	-	-	-	-
Stock-Based Compensation (CF)	53K	68K	51K	74K	88K
Change in Accounts Receivable	-672K	-2.16M	3.73M	-849K	-2.44M
Change in Accounts Payable	-196K	328K	112K	721K	957K
Change in Other Net Operating Assets (Collected)	2.09M	-836K	-2.38M	158K	-2.02M
Other Operating Activities	-1.61M	-1.71M	-339K	-583K	-499K
Cash from Operations	46.76M	37.14M	48.15M	44.79M	39.4M
Acquisition of Real Estate Assets, Total	-10.01M	-4.02M	-5.88M	-290M	-10.35M
Sale of Real Estate Assets, Total	14.87M	37.26M	-	-	-
Net Sale / Acquisition of Real Estate Assets	4.86M	33.23M	-5.88M	-290M	-10.35M
Investment in Marketable and Equity Securities, Total	-	-	-	-	-
Other Investing Activities, Total	-	-	-	-221K	-
Cash from Investing	4.86M	33.23M	-5.88M	-291M	-10.35M
Short Term Debt Issued, Total	-	-	-	-	-
Long-Term Debt Issued, Total	7.5M	31M	72.1M	422M	44.58M
Total Debt Issued	7.5M	31M	72.1M	422M	44.58M
Short Term Debt Repaid, Total	-	-	-	-	-
Long-Term Debt Repaid, Total	-32.66M	-83.95M	-106M	-163M	-54.25M
Total Debt Repaid	-32.66M	-83.95M	-106M	-163M	-54.25M
Issuance of Common Stock	19.64M	4.55M	3.75M	7.29M	6.98M
Repurchase of Common Stock	-12.57M	-2.4M	-2.78M	-3.64M	-5.97M
Common Dividends Paid	-44.24M	-10.84M	-9.77M	-19.58M	-19.64M
Common & Preferred Stock Dividends Paid	-44.24M	-10.84M	-9.77M	-19.58M	-19.64M
Special Dividend Paid	-	-	-	-	-
Other Financing Activities, Total	-	-273K	-	-6.14M	370K
Cash from Financing	-62.33M	-61.92M	-42.87M	238M	-27.93M
Net Change in Cash	-10.71M	8.45M	-602K	-8.05M	1.12M
Supplemental Items
Cash Interest Paid	27.75M	24.65M	22.46M	27.42M	40.4M
Net Debt Issued / Repaid	-25.16M	-52.95M	-34.07M	260M	-9.67M
Levered Free Cash Flow	7.13M	67.28M	46.25M	45.81M	38.91M
Unlevered Free Cash Flow	24.22M	82.51M	59.87M	63.52M	64.22M
Change In Net Working Capital	33.77M	-26.45M	-4.78M	-8.58M	-323K

Fiscal Period: December	2019	2020	2021	2022	2023
Profitability
Return on Assets	0.87	0.76	1.11	1.01	1.24
Return on Total Capital	0.93	0.81	1.17	1.07	1.3
Return On Equity %	-2.34	-2.3	-0.57	-2.84	-3.52
Return on Common Equity	-2.34	-2.3	-0.57	-2.84	-3.52
Margin Analysis
Gross Profit Margin %	62.54	62.97	62.24	60.72	61.27
SG&A Margin	3.91	4.5	4.02	4.04	3.49
EBITDA Margin %	57.54	56.14	56.96	55.41	55.45
EBITA Margin %	26.62	23.73	25.23	22.99	24.22
EBIT Margin %	13.87	12.8	17.18	15.29	18.08
Income From Continuing Operations Margin %	-8.86	-8.98	-2.1	-9.44	-10.08
Net Income Margin %	-8.86	-8.98	-2.1	-9.44	-10.08
Net Avail. For Common Margin %	-8.86	-8.98	-2.1	-9.44	-10.08
Normalized Net Income Margin	-4.98	-5.61	-1.31	-5.9	-6.3
Levered Free Cash Flow Margin	5.53	58.16	38.82	34.28	25.95
Unlevered Free Cash Flow Margin	18.79	71.32	50.25	47.53	42.82
Asset Turnover
Asset Turnover	0.1	0.1	0.1	0.11	0.11
Fixed Assets Turnover	0.11	0.11	0.11	0.12	0.12
Receivables Turnover (Average Receivables)	7.7	5.91	5.89	6.9	6.84
Short Term Liquidity
Current Ratio	2.11	2	1.56	1.16	1.34
Quick Ratio	0.76	1.94	1.31	1.14	1.32
Operating Cash Flow to Current Liabilities	1.59	2.07	2.36	2.04	1.75
Days Sales Outstanding (Average Receivables)	47.39	61.91	62	52.9	53.37
Average Days Payable Outstanding	63.49	72.3	73.29	67.28	67.39
Long Term Solvency
Total Debt/Equity	154.75	150.99	143.27	194.45	212.78
Total Debt / Total Capital	60.75	60.16	58.89	66.04	68.03
LT Debt/Equity	154.75	150.99	143.15	194.45	212.69
Long-Term Debt / Total Capital	60.75	60.16	58.84	66.04	68
Total Liabilities / Total Assets	63.29	62.25	61.13	67.76	69.62
EBIT / Interest Expense	0.63	0.58	0.88	0.62	0.64
EBITDA / Interest Expense	2.62	2.56	2.92	2.24	1.97
(EBITDA - Capex) / Interest Expense	2.27	2.4	2.67	1.86	1.72
Total Debt / EBITDA	9.61	10.32	9.24	11.84	10.4
Net Debt / EBITDA	9.54	10.12	9.12	11.78	10.33
Total Debt / (EBITDA - Capex)	11.11	11	10.12	14.23	11.87
Net Debt / (EBITDA - Capex)	11.03	10.79	9.99	14.15	11.79
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	0.16	-10.25	2.98	12.18	12.22
Gross Profit, 1 Yr. Growth %	-0.12	-9.64	1.8	9.44	13.23
EBITDA, 1 Yr. Growth %	-1.01	-11.78	4.49	9.12	12.3
EBITA, 1 Yr. Growth %	-6.04	-20	9.48	2.22	18.23
EBIT, 1 Yr. Growth %	-0.71	-17.22	38.23	-0.15	32.69
Earnings From Cont. Operations, 1 Yr. Growth %	-50.94	-9.04	-75.9	404.12	19.85
Net Income, 1 Yr. Growth %	-50.94	-9.04	-75.9	404.12	19.85
Diluted EPS Before Extra, 1 Yr. Growth %	-51.15	-9.72	-75.91	402.67	19.65
Normalized Net Income, 1 Yr. Growth %	19.37	1.06	-75.9	404.12	19.85
Net Property, Plant and Equip., 1 Yr. Growth %	-5.4	-3.16	-3.04	21.74	-2.86
Accounts Receivable, 1 Yr. Growth %	6.52	26.81	-15.06	8.37	17.55
Total Assets, 1 Yr. Growth %	-4.96	-6.26	-4.2	24.19	-3.94
Common Equity, 1 Yr. Growth %	-10.94	-3.6	-1.36	3	-9.47
Tangible Book Value, 1 Yr. Growth %	-7.61	0.34	1.96	-1.48	-7.37
Cash From Operations, 1 Yr. Growth %	3.8	-20.58	29.64	-6.98	-12.03
Capital Expenditures, 1 Yr. Growth %	-0.74	-59.84	46.31	110.84	-16.55
Levered Free Cash Flow, 1 Yr. Growth %	-85.95	2.35K	-27.39	6.87	-7.74
Unlevered Free Cash Flow, 1 Yr. Growth %	-63.92	315.99	-24.14	12.43	7.26
Dividend Per Share, 1 Yr. Growth %	-9.91	-	-	33.33	0
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %