ICRP (InPoint Commercial Real Estateome) Beneish M-Score: -3.43 (As of Jun. 28, 2026)


ICRP InPoint Commercial Real Estate Income Inc ICRP
13 GF Score
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What is InPoint Commercial Real Estateome Beneish M-Score?

InPoint Commercial Real Estateome ICRP +27.08% 13 Beneish M-Score is -3.43 as of Jun. 28, 2026. GuruFocus rates ICRP with a GF Score™ of 13/100. The stock has 5 warning signs investors should review. Among 765 REITs companies, InPoint Commercial Real Estateome ranks better than 95.42% on this metric.

Note: Financial institutions were excluded from the sample in Beneish paper when calculating Beneish M-Score. Thus, the prediction might not fit banks and insurance companies.

The zones of discrimination for M-Score is as such:

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator.
An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

Good Sign:

Beneish M-Score -3.43 no higher than -1.78, which implies that the company is unlikely to be a manipulator.

The historical rank and industry rank for InPoint Commercial Real Estateome's Beneish M-Score or its related term are showing as below:

ICRP' s Beneish M-Score Range Over the Past 10 Years
Min: -3.65   Med: -2.68   Max: -1.47
Current: -3.43

During the past 10 years, the highest Beneish M-Score of InPoint Commercial Real Estateome was -1.47. The lowest was -3.65. And the median was -2.68.

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InPoint Commercial Real Estate Income Inc ICRP
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InPoint Commercial Real Estateome Beneish M-Score Calculation

The M-score was created by Professor Messod Beneish. Instead of measuring the bankruptcy risk (Altman Z-Score) or business trend (Piotroski F-Score), M-score can be used to detect the risk of earnings manipulation. This is the original research paper on M-score.

The M-Score Variables:

The M-score of InPoint Commercial Real Estateome for today is based on a combination of the following eight different indices:

M=-4.84+0.92 * DSRI+0.528 * GMI+0.404 * AQI+0.892 * SGI+0.115 * DEPI
=-4.84+0.92 * 1.2311+0.528 * 1+0.404 * 1+0.892 * 0.4566+0.115 * 1
-0.172 * SGAI+4.679 * TATA-0.327 * LVGI
-0.172 * 2.1901+4.679 * -0.039338-0.327 * 1.8906
=-3.43

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Mar26) TTM:Last Year (Mar25) TTM:
Total Receivables was $1.24 Mil.
Revenue was 3.918 + 4.979 + -4.298 + 4.814 = $9.41 Mil.
Gross Profit was 3.918 + 4.979 + -4.298 + 4.814 = $9.41 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $513.40 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $5.59 Mil.
Selling, General, & Admin. Expense(SGA) was $0.08 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $72.25 Mil.
Net Income was -4.143 + -0.954 + -7.641 + 3.073 = $-9.67 Mil.
Non Operating Income was 0 + 0 + 0 + 0 = $0.00 Mil.
Cash Flow from Operations was 1.971 + 2.456 + 2.86 + 3.244 = $10.53 Mil.
 Total Receivables was $2.21 Mil.
Revenue was 4.388 + 5.437 + 6.331 + 4.459 = $20.62 Mil.
Gross Profit was 4.388 + 5.437 + 6.331 + 4.459 = $20.62 Mil.
Total Current Assets was $0.00 Mil.
Total Assets was $657.18 Mil.
Property, Plant and Equipment(Net PPE) was $0.00 Mil.
Depreciation, Depletion and Amortization(DDA) was $0.93 Mil.
Selling, General, & Admin. Expense(SGA) was $0.08 Mil.
Total Current Liabilities was $0.00 Mil.
Long-Term Debt & Capital Lease Obligation was $48.92 Mil.

1. DSRI = Days Sales in Receivables Index

Measured as the ratio of Revenue in Total Receivables in year t to year t-1.

A large increase in DSR could be indicative of revenue inflation.

DSRI=(Receivables_t / Revenue_t) / (Receivables_t-1 / Revenue_t-1)
=(1.244 / 9.413) / (2.213 / 20.615)
=0.132158 / 0.107349
=1.2311

2. GMI = Gross Margin Index

Measured as the ratio of gross margin in year t-1 to gross margin in year t.

Gross margin has deteriorated when this index is above 1. A firm with poorer prospects is more likely to manipulate earnings.

GMI=GrossMargin_t-1 / GrossMargin_t
=(GrossProfit_t-1 / Revenue_t-1) / (GrossProfit_t / Revenue_t)
=(20.615 / 20.615) / (9.413 / 9.413)
=1 / 1
=1

3. AQI = Asset Quality Index

AQI is the ratio of asset quality in year t to year t-1.

Asset quality is measured as the ratio of non-current assets other than Property, Plant and Equipment to Total Assets.

AQI=(1 - (CurrentAssets_t + PPE_t) / TotalAssets_t) / (1 - (CurrentAssets_t-1 + PPE_t-1) / TotalAssets_t-1)
=(1 - (0 + 0) / 513.399) / (1 - (0 + 0) / 657.18)
=1 / 1
=1

4. SGI = Sales Growth Index

Ratio of Revenue in year t to sales in year t-1.

Sales growth is not itself a measure of manipulation. However, growth companies are likely to find themselves under pressure to manipulate in order to keep up appearances.

SGI=Sales_t / Sales_t-1
=Revenue_t / Revenue_t-1
=9.413 / 20.615
=0.4566

5. DEPI = Depreciation Index

Measured as the ratio of the rate of Depreciation, Depletion and Amortization in year t-1 to the corresponding rate in year t.

DEPI greater than 1 indicates that assets are being depreciated at a slower rate. This suggests that the firm might be revising useful asset life assumptions upwards, or adopting a new method that is income friendly.

DEPI=(Depreciation_t-1 / (Depreciaton_t-1 + PPE_t-1)) / (Depreciation_t / (Depreciaton_t + PPE_t))
=(0.928 / (0.928 + 0)) / (5.59 / (5.59 + 0))
=1 / 1
=1

Note: If the Depreciation, Depletion and Amortization data is not available, we assume that the depreciation rate is constant and set the Depreciation Index to 1.

6. SGAI = Sales, General and Administrative expenses Index

The ratio of Selling, General, & Admin. Expense(SGA) to Sales in year t relative to year t-1.

SGA expenses index > 1 means that the company is becoming less efficient in generate sales.

SGAI=(SGA_t / Sales_t) / (SGA_t-1 /Sales_t-1)
=(0.077 / 9.413) / (0.077 / 20.615)
=0.00818 / 0.003735
=2.1901

7. LVGI = Leverage Index

The ratio of total debt to Total Assets in year t relative to yeat t-1.

An LVGI > 1 indicates an increase in leverage

LVGI=((LTD_t + CurrentLiabilities_t) / TotalAssets_t) / ((LTD_t-1 + CurrentLiabilities_t-1) / TotalAssets_t-1)
=((72.25 + 0) / 513.399) / ((48.918 + 0) / 657.18)
=0.140729 / 0.074436
=1.8906

8. TATA = Total Accruals to Total Assets

Total accruals calculated as the change in working capital accounts other than cash less depreciation.

TATA=(IncomefromContinuingOperations_t - CashFlowsfromOperations_t) / TotalAssets_t
=(NetIncome_t - NonOperatingIncome_t - CashFlowsfromOperations_t) / TotalAssets_t
=(-9.665 - 0 - 10.531) / 513.399
=-0.039338

An M-Score of equal or less than -1.78 suggests that the company is unlikely to be a manipulator. An M-Score of greater than -1.78 signals that the company is likely to be a manipulator.

InPoint Commercial Real Estateome has a M-score of -3.43 suggests that the company is unlikely to be a manipulator.

Frequently Asked Questions Learn more about Beneish M-Score →
What does a Beneish M-Score of -3.43 mean?
InPoint Commercial Real Estateome (ICRP) has a Beneish M-Score of -3.43 as of Jun. 28, 2026. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on InPoint Commercial Real Estateome and its competitors. According to the industry distribution chart, InPoint Commercial Real Estateome ranks #35 out of 765 companies in the REITs industry, placing it in the top 4.6%.
Is InPoint Commercial Real Estateome's Beneish M-Score too high?
InPoint Commercial Real Estateome's current Beneish M-Score is -3.43. Based on the distribution chart, InPoint Commercial Real Estateome ranks #35 out of 765 companies in the REITs industry, which is in the top quartile — a strong position relative to peers. Overall, InPoint Commercial Real Estateome has a GF Score™ of 13/100, reflecting its overall financial health beyond just this single metric.
How does InPoint Commercial Real Estateome's Beneish M-Score compare to CHMI and GPMT?
According to the REITs industry distribution chart, InPoint Commercial Real Estateome ranks #35 out of 765 companies for Beneish M-Score. This places InPoint Commercial Real Estateome in the top 5% of its industry — outperforming the majority of peers. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Beneish M-Score for a REITs company?
A good Beneish M-Score depends on the REITs industry context. However, Beneish M-Score should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Beneish M-Score mean?
A high Beneish M-Score can signal that a stock is expensive relative to its fundamentals. The Beneish M-score measures the likelihood of earnings manipulation. View historical data on InPoint Commercial Real Estateome and its competitors. InPoint Commercial Real Estateome's current Beneish M-Score is -3.43. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is InPoint Commercial Real Estateome stock overvalued right now?
InPoint Commercial Real Estateome (ICRP) has a current Beneish M-Score of -3.43. The current Beneish M-Score is -3.43. InPoint Commercial Real Estateome's overall GF Score™ is 13/100 with 5 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Beneish M-Score calculated?
Beneish M-Score is calculated from a company's financial statements. For InPoint Commercial Real Estateome (ICRP), the current Beneish M-Score is -3.43 as of Jun. 28, 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

InPoint Commercial Real Estateome Business Description

Industry Real EstateREITs
Address 2901 Butterfield Road, Oak Brook, IL, USA, 60523
InPoint Commercial Real Estate Income Inc sponsors alternative public and private real estate securities, providing opportunities for individuals to invest in real estate programs. The company seeks to originate, acquire, and manage a diversified credit portfolio secured by commercial real estate properties mainly within the United States.
13GF Score

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Beneish M-Score is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

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