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Reported May 1, 2025 · Before market open

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Financials

Q2 2025

Income statement

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Revenue$68.5M+5.4%
Gross profit$66.2M+5.3%
Operating income-$6.8M-194%
Net income-$14.5M-1,020%
EPS (diluted)-$0.87-358%

Balance sheet

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Cash & equivalents$18.2M+18.0%
Total debt$1.2B+19.5%
Total equity$710.1M+4.3%
Total assets$2.0B+6.0%

Cash flow

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Operating cash flow$25.3M+10.5%
CapEx$9.7M-29.4%
Free cash flow$15.5M+71.0%

Valuation & ratios

Valuation

as of 04/30/25
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Market cap$1.04B+3.1%
Enterprise value$2.24B+11.3%
P/S3.9×0.0×

Profitability

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Gross margin96.5%0.0pp
Operating margin2.7%-8.4pp
Net margin-9.1%
FCF margin24.7%-6.6pp

Returns & leverage

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Return on equity-3.5%
Debt / equity1.7×+0.2×

Segments

By segment

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Multifamily$60.8M+5.2%

Versus estimates

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Questions, answered.

When did iREIT MarketVector Quality REIT Index report Q2 2025 earnings?
iREIT MarketVector Quality REIT Index (IRET) reported Q2 2025 earnings on May 1, 2025 before market open.
What were iREIT MarketVector Quality REIT Index's Q2 2025 revenue and EPS?
iREIT MarketVector Quality REIT Index reported revenue of $67.1M and diluted EPS of $-0.00 for Q2 2025.
How did iREIT MarketVector Quality REIT Index's Q2 2025 results compare year-over-year?
Compared to the same quarter a year prior, revenue grew 3.2% from $65.0M a year earlier and diluted EPS grew 97.5% from $-0.09.
Where can I find iREIT MarketVector Quality REIT Index's Q2 2025 SEC filings?
You can read the 10-Q periodic report (0000798359-25-000041) directly on SEC EDGAR. The filing index links above go to sec.gov.