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 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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 item | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 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
| Metric | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|
| Profitability | ||||||
| Gross margin | - | - | - | - | - | - |
| Operating margin | - | - | - | - | - | - |
| EBITDA margin | - | - | - | - | - | - |
| Net margin | 8.6% | 6.1% | -2.6% | 18.7% | 17.8% | 7.0% |
| Free cash flow margin | - | - | - | - | 20.8% | 35.3% |
| FCF / Net income | - | - | - | - | 1.17 | 5.07 |
| R&D / Revenue | - | - | - | - | - | - |
| SG&A / Revenue | 3.6% | 3.8% | 3.4% | 4.2% | 7.4% | 7.1% |
| Effective tax rate | 0.0% | - | - | 0.0% | 0.0% | 0.0% |
| Return on assets | 0.9% | 0.6% | -0.3% | 1.8% | 0.7% | 0.9% |
| Return on equity | 1.6% | 1.1% | -0.5% | 3.3% | 1.3% | 2.1% |
| Return on invested capital | - | - | - | - | - | - |
| Liquidity | ||||||
| Current ratio | - | - | - | - | - | - |
| Quick ratio | - | - | - | - | - | - |
| Cash ratio | - | - | - | - | - | - |
| Leverage | ||||||
| Debt / Equity | 0.66 | 0.68 | 0.74 | 0.73 | 0.78 | 1.34 |
| Debt / Assets | 0.38 | 0.39 | 0.41 | 0.40 | 0.42 | 0.55 |
| Debt / EBITDA | - | - | - | - | - | - |
| Interest coverage | - | - | - | - | - | - |
| Equity multiplier | 1.74 | 1.76 | 1.83 | 1.82 | 1.87 | 2.45 |
| Liabilities / Assets | 0.40 | 0.41 | 0.43 | 0.43 | 0.44 | 0.59 |
| Efficiency | ||||||
| Asset turnover | 0.11 | 0.11 | 0.11 | 0.10 | 0.04 | 0.12 |
| Inventory turnover | - | - | - | - | - | - |
| Days sales outstanding | - | - | - | - | - | - |
| Days inventory outstanding | - | - | - | - | - | - |
| Days payable outstanding | - | - | - | - | - | - |
| Cash conversion cycle | - | - | - | - | - | - |
| Valuation | ||||||
| P / E | 72.8x | 116.7x | - | 31.8x | 63.0x | 83.9x |
| P / B | 1.2x | 1.3x | 1.0x | 1.0x | 0.8x | 1.8x |
| P / S | 6.2x | 7.0x | 5.2x | 6.0x | 11.3x | 6.0x |
| 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
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 |