FMP
Independence Realty Trust, Inc.
IRT
NYSE
Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
20.98 USD
0.41 (1.95%)
IRT Financial Statements
Year
2024
2023
2022
2021
Total Revenue
640.03M
660.98M
628.52M
250.25M
Cost of Revenue
0
493.61M
256.31M
102.79M
Gross Profit
640.03M
167.37M
372.22M
147.46M
Operating Expenses
235.59M
389.57M
279.11M
95.52M
Research and Development
0
0
0.19
0.18
Selling, General & Administrative Expenses
24.25M
22.77M
26.26M
18.61M
Selling & Marketing Expenses
0
0
0
0
General & Administrative Expenses
24.25M
22.77M
26.26M
18.61M
Other Expenses
211.34M
0
252.85M
76.91M
Operating Income
0
147.84M
92.5M
51.94M
Total Other Income/Expenses Net
40.03M
-165.65M
-223.13M
-6.41M
Income Before Tax
40.03M
-17.81M
120.66M
45.53M
Income Tax
0
0
86.95M
37.34M
Net Income
39.29M
-17.23M
33.7M
8.19M
Basic EPS
0.18
-0.08
0.15
0.08
EPS Diluted
0.18
-0.08
0.15
0.07
Basic Average Shares
224.8M
224.41M
221.97M
108.55M
Diluted Average Shares
225.58M
224.41M
223.12M
109.83M
EBITDA
337.03M
291.08M
345.35M
220.88M
Retained Earning Schedule
Year
2024
2023
2022
2021
Retained Earnings (Previous Year)
-348.4M
-191.74M
-188.41M
-178.75M
Net Income
39.29M
-17.23M
33.7M
8.19M
Stock Repurchases
-2.6M
-5.16M
-5.97M
-2.93M
Dividend Paid
-144.02M
-134.87M
-105.83M
-49.83M
Retained Earnings
-454.1M
-348.4M
-191.74M
-188.41M
Other Distributions
-252.32M
-296.7M
-115.12M
-62.42M
PPE Schedule
Year
2024
2023
2022
2021
Gross PPE
0
2.41M
3.08M
2.92M
Annual Depreciation
220.85M
218.97M
538.17M
201.17M
Capital Expenditure
-175.06M
-146.63M
-83.98M
-42.97M
Net PPE
-45.79M
-69.93M
-451.11M
-155.28M
Intangible and Goodwill Schedule
Year
2024
2023
2022
2021
Acquisitions and Adjustments
0
737k
-737k
0
Goodwill (Previous Year)
0
-737k
0
0
Goodwill
0
0
-737k
0
All figures are in USD.
