IRT · Independence Realty Trust, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $165.32M | - | $167.14M | $162.19M | $161.24M | - | $160.13M | $158.40M | $160.53M | - |
| Cost of Revenue | - | - | - | - | - | - | - | - | - | - |
| Gross Profit | - | - | - | - | - | - | - | - | - | - |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $8.51M | - | $4.91M | $5.98M | $8.41M | - | $4.76M | $6.24M | $8.38M | - |
| Total Operating Expenses | $143.58M | - | $136.65M | $134.68M | $134.10M | - | $129.19M | $129.38M | $131.87M | - |
| D&A | $64.63M | - | $61.73M | $59.79M | $53.72M | - | $55.26M | $54.13M | $53.72M | - |
| Operating Income | - | - | - | - | - | - | - | - | - | - |
| Interest Expense | $20.73M | - | $20.45M | $18.77M | $20.60M | - | $22.03M | $17.46M | $20.60M | - |
| Income Tax | $0 | - | $0 | $0 | $0 | - | $0 | $0 | $0 | - |
| Net Income | ($68.0K) | - | $6.89M | $8.05M | $8.35M | - | $12.37M | $10.35M | $17.58M | - |
| EPS - Basic | $0.00 | - | $0.03 | $0.03 | $0.04 | - | $0.05 | $0.05 | $0.08 | - |
| EPS - Diluted | $0.00 | - | $0.03 | $0.03 | $0.04 | - | $0.05 | $0.05 | $0.08 | - |
Balance Sheet
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $23.34M | $23.56M | $23.29M | $19.49M | $29.05M | $21.23M | $17.61M | $21.03M | $21.27M | $22.85M |
| Accounts Receivable | - | - | - | - | - | - | - | - | - | - |
| Inventory | - | - | - | - | - | - | - | - | - | - |
| Accounts Payable | - | - | - | - | - | - | - | - | - | - |
| Current Assets | - | - | - | - | - | - | - | - | - | - |
| Total Assets | $6.10B | $6.02B | $6.09B | $5.96B | $5.98B | $6.06B | $5.95B | $5.94B | $5.97B | $6.28B |
| Current Liabilities | - | - | - | - | - | - | - | - | - | - |
| Long-term Debt | $2.43B | $2.28B | $2.30B | $2.25B | $2.25B | $2.33B | $2.29B | $2.25B | $2.28B | $2.55B |
| Total Liabilities | $2.58B | $2.43B | $2.48B | $2.41B | $2.40B | $2.48B | $2.46B | $2.41B | $2.41B | $2.71B |
| Stockholders' Equity | $3.39B | $3.46B | $3.49B | $3.42B | $3.46B | $3.44B | $3.36B | $3.40B | $3.42B | $3.43B |
| Retained Earnings | ($595.71M) | ($555.33M) | ($548.32M) | ($514.62M) | ($482.97M) | ($454.10M) | ($416.22M) | ($392.63M) | ($367.01M) | ($348.40M) |
Cash Flow
| Line item | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | $55.32M | - | - | - | $60.37M | - | - | - | $44.06M | - |
| Investing Cash Flow | ($65.95M) | - | - | - | $10.44M | - | - | - | $255.40M | - |
| Financing Cash Flow | $6.28M | - | - | - | ($65.92M) | - | - | - | ($308.29M) | - |
| CapEx | - | - | - | - | - | - | - | - | - | - |
| Free Cash Flow | - | - | - | - | - | - | - | - | - | - |
Ratios
| Metric | Q1 '26 | Q4 '25 | Q3 '25 | Q2 '25 | Q1 '25 | Q4 '24 | Q3 '24 | Q2 '24 | Q1 '24 | Q4 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | - | - | - | - | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - | - | - | - | - |
| Net margin | -0.0% | - | 4.1% | 5.0% | 5.2% | - | 7.7% | 6.5% | 10.9% | - |
| Free cash flow margin | - | - | - | - | - | - | - | - | - | - |
| FCF / Net income | - | - | - | - | - | - | - | - | - | - |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 5.1% | - | 2.9% | 3.7% | 5.2% | - | 3.0% | 3.9% | 5.2% | - |
| Effective tax rate | - | - | 0.0% | 0.0% | 0.0% | - | 0.0% | 0.0% | 0.0% | - |
| Return on assets | -0.0% | - | 0.1% | 0.1% | 0.1% | - | 0.2% | 0.2% | 0.3% | - |
| Return on equity | -0.0% | - | 0.2% | 0.2% | 0.2% | - | 0.4% | 0.3% | 0.5% | - |
| Return on invested capital | - | - | - | - | - | - | - | - | - | - |
| Liquidity | ||||||||||
| Current ratio | - | - | - | - | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - | - | - | - | - |
| Leverage | ||||||||||
| Debt / Equity | 0.72 | 0.66 | 0.66 | 0.66 | 0.65 | 0.68 | 0.68 | 0.66 | 0.67 | 0.74 |
| Debt / Assets | 0.40 | 0.38 | 0.38 | 0.38 | 0.38 | 0.39 | 0.38 | 0.38 | 0.38 | 0.41 |
| Debt / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - | - | - | - | - |
| Equity multiplier | 1.80 | 1.74 | 1.75 | 1.74 | 1.73 | 1.76 | 1.77 | 1.75 | 1.74 | 1.83 |
| Liabilities / Assets | 0.42 | 0.40 | 0.41 | 0.40 | 0.40 | 0.41 | 0.41 | 0.41 | 0.40 | 0.43 |
| Efficiency | ||||||||||
| Asset turnover | 0.03 | - | 0.03 | 0.03 | 0.03 | - | 0.03 | 0.03 | 0.03 | - |
| Inventory turnover | - | - | - | - | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - | - | - | - | - |
| Valuation | ||||||||||
| P / E | - | - | 546.3x | 589.7x | 530.8x | - | 410.0x | 374.8x | 201.6x | - |
| P / B | 1.0x | - | 1.1x | 1.2x | 1.4x | - | 1.4x | 1.2x | 1.1x | - |
| P / S | 21.3x | - | 23.0x | 25.5x | 30.5x | - | 28.9x | 26.7x | 22.6x | - |
| EV / EBITDA | - | - | - | - | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | 2.5% | - | 4.4% | 2.4% | 0.4% | - | -5.0% | -3.4% | -0.5% | - |
| Revenue CAGR (3y) | 0.8% | - | 1.3% | 1.6% | 2.4% | - | 38.1% | 40.2% | 42.8% | - |
| Revenue CAGR (5y) | 24.6% | - | 25.3% | 25.4% | 25.7% | - | 25.6% | 25.5% | 26.5% | - |
| Gross profit growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Operating income growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| Net income growth (YoY) | - | - | -44.3% | -22.3% | -52.5% | - | 214.6% | -3.3% | 103.2% | - |
| EPS growth (YoY) | - | - | -40.0% | -40.0% | -50.0% | - | 150.0% | 0.0% | 100.0% | - |
| EPS CAGR (3y) | - | - | -24.6% | - | -51.0% | - | -23.1% | 18.6% | 100.0% | - |
| EPS CAGR (5y) | - | - | 24.6% | 24.6% | - | - | 0.0% | -20.8% | 21.7% | - |
| FCF growth (YoY) | - | - | - | - | - | - | - | - | - | - |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -1.8% | 0.5% | 3.9% | 0.6% | 0.9% | 0.3% | -4.9% | -4.4% | -4.0% | -4.6% |
Peer comparison
Same SIC group: Real Estate Investment Trusts
Comparing INDEPENDENCE REALTY TRUST against the 5 most active filers in the same SIC group.
Dividends
$0.68/share trailing 12 months · +6.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 27, 2026 | $0.1700 |
| Dec 31, 2025 | $0.1700 |
| Sep 30, 2025 | $0.1700 |
| Jun 27, 2025 | $0.1700 |
| Mar 28, 2025 | $0.1600 |
| Dec 31, 2024 | $0.1600 |
| Sep 30, 2024 | $0.1600 |
| Jun 28, 2024 | $0.1600 |
| Mar 27, 2024 | $0.1600 |
| Dec 28, 2023 | $0.1600 |
| Sep 28, 2023 | $0.1600 |
| Jun 29, 2023 | $0.1600 |
| Mar 30, 2023 | $0.1400 |
| Dec 29, 2022 | $0.1400 |
| Sep 29, 2022 | $0.1400 |
| Sep 28, 2022 | $0.1400 |
| Jun 30, 2022 | $0.1400 |
| Mar 31, 2022 | $0.1200 |
| Dec 29, 2021 | $0.0210 |
| Dec 16, 2021 | $0.0990 |
| Sep 30, 2021 | $0.1200 |
| Jul 1, 2021 | $0.1200 |
| Mar 31, 2021 | $0.1200 |
| Dec 29, 2020 | $0.1200 |