IRT
Independence Realty Trust, Inc.
NYSE · Real Estate · REIT - Residential · US
$16.17
+0.22%Income statement
| Metric | TTM | 2025 | 2024 | 2023 | 2022 |
|---|---|---|---|---|---|
| Revenue | |||||
| Total Revenue | 666.8M | 657.7M | 640.0M | 661.0M | 628.5M |
| Cost of Revenue | 660.1M | 755.7M | 265.5M | 271.4M | 256.3M |
| Gross Profit | 6.7M | (98.0M) | 374.5M | 389.6M | 372.2M |
| Operating Expenses | |||||
| R&D Expense | — | — | — | — | — |
| SG&A Expense | 19.1M | — | 24.2M | 22.8M | 26.3M |
| General & Admin Expense | 19.1M | — | 24.2M | 22.8M | 26.3M |
| Selling & Marketing Expense | — | — | — | — | — |
| Other Expenses | (126.1M) | (219.3M) | 220.9M | 219.0M | 252.8M |
| Total Operating Expenses | (107.0M) | (219.3M) | 245.1M | 241.7M | 279.1M |
| Cost and Expenses | 553.2M | 536.5M | 510.6M | 513.1M | 535.4M |
| Operating Income (EBIT) | 113.6M | 121.2M | 129.4M | 147.8M | 93.1M |
| Non-Operating | |||||
| Interest Income | — | — | — | — | — |
| Interest Expense | 83.2M | 79.0M | 76.1M | 89.9M | 87.0M |
| Net Interest Income | (83.2M) | (79.0M) | (76.1M) | (89.9M) | (87.0M) |
| Other Non-Op Income/Expense | (69.3M) | (63.5M) | (89.4M) | (165.6M) | 27.6M |
| Non-Operating Income (excl Interest) | (13.8M) | (15.5M) | 13.3M | 75.7M | (114.5M) |
| EBT (Pre-Tax Income) | 44.3M | 57.7M | 40.0M | (17.8M) | 120.7M |
| Income Tax Expense | — | — | — | — | — |
| Bottom Line | |||||
| Net Income | 43.5M | 56.6M | 39.3M | (17.2M) | 117.2M |
| Earnings from Cont. Ops | 44.3M | 57.7M | 40.0M | (17.8M) | 120.7M |
| Earnings from Discont. Ops | — | — | — | — | — |
| Bottom Line Net Income | 43.5M | 56.6M | 39.3M | (17.2M) | 117.2M |
| Per Share | |||||
| Basic EPS | $0.18 | $0.24 | $0.17 | ($0.08) | $0.15 |
| Diluted EPS | $0.18 | $0.24 | $0.17 | ($0.08) | $0.15 |
| Revenue Per Share | $2.83 | $2.81 | $2.85 | $2.95 | $2.83 |
| Shares | |||||
| Basic Shares Outstanding | 235.4M | 233.9M | 224.8M | 224.4M | 222.0M |
| Diluted Shares Outstanding | 236.0M | 234.8M | 225.6M | 224.4M | 223.1M |
| Profitability Metrics | |||||
| EBITDA | 381.7M | 379.9M | 337.0M | 291.1M | 460.5M |
| D&A | 254.2M | 243.2M | 220.9M | 219.0M | 252.8M |
| EBIT | 127.5M | 136.7M | 116.2M | 72.1M | 207.6M |
As reported, in the filing currency · TTM sums the four latest quarters; MRQ is the latest quarter · Negatives in parentheses; a dash is a line the filing does not carry · Data as of Jun 1, 2026