CoverageForm 410-K10-Q8-K13D13G13F

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.

Price · IRT

Income Statement

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Revenue$657.70M$640.03M$660.98M$628.52M$250.25M$211.91M
Cost of Revenue------
Gross Profit------
R&D------
SG&A$23.97M$24.25M$22.77M$26.26M$18.61M$15.10M
Total Operating Expenses$537.78M$514.54M$514.07M$526.55M$198.67M$168.09M
D&A$220.85M$220.85M$218.97M$252.85M$76.91M$60.69M
Operating Income------
Interest Expense$79.00M$76.14M$89.92M$86.95M$36.40M$36.49M
Income Tax$0-$0$0$0$0
Net Income$56.56M$39.29M($17.23M)$117.25M$44.59M$14.77M
EPS - Basic$0.24$0.17($0.08)$0.53$0.41$0.16
EPS - Diluted$0.24$0.17($0.08)$0.53$0.41$0.16

Balance Sheet

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Cash & Equivalents$23.56M$21.23M$22.85M$16.08M$35.97M$8.75M
Accounts Receivable------
Inventory------
Accounts Payable------
Current Assets------
Total Assets$6.02B$6.06B$6.28B$6.53B$6.51B$1.73B
Current Liabilities------
Long-term Debt$2.28B$2.33B$2.55B$2.63B$2.71B$945.69M
Total Liabilities$2.43B$2.48B$2.71B$2.79B$2.86B$1.02B
Stockholders' Equity$3.46B$3.44B$3.43B$3.60B$3.48B$708.06M
Retained Earnings($555.33M)($454.10M)($348.40M)($191.74M)($188.41M)($178.75M)

Cash Flow

Line itemFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Operating Cash Flow$282.15M$259.75M$262.17M$249.54M$52.26M$74.96M
Investing Cash Flow($142.91M)($20.61M)($1.71M)($135.77M)($216.12M)($124.54M)
Financing Cash Flow($135.07M)($246.43M)($253.74M)($135.43M)$215.92M$48.76M
CapEx----$177.0K$84.0K
Free Cash Flow----$52.08M$74.88M

Ratios

MetricFY 2025FY 2024FY 2023FY 2022FY 2021FY 2020
Profitability
Gross margin------
Operating margin------
EBITDA margin------
Net margin8.6%6.1%-2.6%18.7%17.8%7.0%
Free cash flow margin----20.8%35.3%
FCF / Net income----1.175.07
R&D / Revenue------
SG&A / Revenue3.6%3.8%3.4%4.2%7.4%7.1%
Effective tax rate0.0%--0.0%0.0%0.0%
Return on assets0.9%0.6%-0.3%1.8%0.7%0.9%
Return on equity1.6%1.1%-0.5%3.3%1.3%2.1%
Return on invested capital------
Liquidity
Current ratio------
Quick ratio------
Cash ratio------
Leverage
Debt / Equity0.660.680.740.730.781.34
Debt / Assets0.380.390.410.400.420.55
Debt / EBITDA------
Interest coverage------
Equity multiplier1.741.761.831.821.872.45
Liabilities / Assets0.400.410.430.430.440.59
Efficiency
Asset turnover0.110.110.110.100.040.12
Inventory turnover------
Days sales outstanding------
Days inventory outstanding------
Days payable outstanding------
Cash conversion cycle------
Valuation
P / E72.8x116.7x-31.8x63.0x83.9x
P / B1.2x1.3x1.0x1.0x0.8x1.8x
P / S6.2x7.0x5.2x6.0x11.3x6.0x
EV / EBITDA------
Growth
Revenue growth (YoY)2.8%-3.2%5.2%151.2%18.1%4.3%
Revenue CAGR (3y)1.5%36.8%46.1%45.7%9.4%9.5%
Revenue CAGR (5y)25.4%25.8%28.2%31.3%10.3%14.1%
Gross profit growth (YoY)------
Operating income growth (YoY)------
Net income growth (YoY)43.9%--163.0%201.9%-67.8%
EPS growth (YoY)41.2%--29.3%156.2%-68.6%
EPS CAGR (3y)-23.2%-25.4%-1.3%11.0%-26.9%
EPS CAGR (5y)8.4%-19.7%-5.3%--27.2%
FCF growth (YoY)-----30.4%0.2%
FCF CAGR (5y)-----34.1%
Book value growth (YoY)0.5%0.3%-4.6%3.3%391.6%15.5%

Stability scores

Piotroski F-score

FY 2025 · 9-point quality

6/9
Neutral
  • Net income positive
  • Operating cash flow positive
  • ROA improved YoY
  • Cash flow > net income
  • Long-term debt decreased
  • -Current ratio improved
  • No share dilution
  • -Gross margin improved
  • Asset turnover improved

Peer comparison

Same SIC group: Real Estate Investment Trusts

CompanyRevenue (last FY)Net marginROE
UMH$261.75M2.3%0.7%
ARE---9.2%
VTR$5.83B4.3%2.0%
SPG$6.36B72.7%88.8%
NYSE: KRC$1.11B0.0%0.0%

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-datePer 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