See more : Lippo Limited (0226.HK) Income Statement Analysis – Financial Results
Complete financial analysis of Independence Realty Trust, Inc. (IRT) income statement, including revenue, profit margins, EPS and key performance metrics. Get detailed insights into the financial performance of Independence Realty Trust, Inc., a leading company in the REIT – Residential industry within the Real Estate sector.
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Independence Realty Trust, Inc. (IRT)
About Independence Realty Trust, Inc.
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.
| Metric | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 660.98M | 628.53M | 250.25M | 211.91M | 203.22M | 191.23M | 161.22M | 153.39M | 109.58M | 49.20M | 19.94M | 16.63M | 8.67M | 5.37K |
| Cost of Revenue | 493.61M | 256.31M | 102.79M | 91.47M | 87.29M | 83.33M | 70.72M | 68.00M | 49.96M | 23.43M | 9.43M | 8.07M | 4.48M | 0.00 |
| Gross Profit | 167.37M | 372.22M | 147.46M | 120.43M | 115.93M | 107.91M | 90.49M | 85.39M | 59.62M | 25.78M | 10.51M | 8.56M | 4.19M | 5.37K |
| Gross Profit Ratio | 25.32% | 59.22% | 58.93% | 56.83% | 57.05% | 56.43% | 56.13% | 55.67% | 54.41% | 52.39% | 52.72% | 51.49% | 48.35% | 100.00% |
| Research & Development | 0.00 | 0.19 | 0.18 | 0.04 | 0.21 | 0.12 | 0.18 | -0.13 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| General & Administrative | 22.77M | 26.26M | 18.61M | 15.10M | 12.75M | 10.82M | 9.53M | 10.86M | 7.79M | 2.87M | 920.00K | 1.21M | 575.00K | 0.00 |
| Selling & Marketing | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| SG&A | 22.77M | 26.26M | 18.61M | 15.10M | 12.75M | 10.82M | 9.53M | 10.86M | 7.79M | 2.87M | 920.00K | 1.21M | 575.00K | 440.00 |
| Other Expenses | 0.00 | 252.85M | 76.91M | 60.69M | 52.82M | 144.00K | 89.00K | -44.98M | 28.09M | 12.52M | 4.41M | 3.47M | 1.77M | 0.00 |
| Operating Expenses | 389.57M | 279.11M | 95.52M | 75.78M | 65.56M | 56.04M | 43.73M | 45.69M | 35.88M | 15.39M | 5.33M | 4.67M | 2.35M | 440.00 |
| Cost & Expenses | 516.38M | 535.42M | 198.31M | 167.25M | 152.85M | 139.36M | 114.45M | 113.68M | 85.84M | 38.82M | 14.76M | 12.74M | 6.82M | 440.00 |
| Interest Income | 0.00 | 86.96M | 36.40M | 36.49M | 39.23M | 0.00 | 0.00 | 0.00 | 19.00K | 17.00K | 0.00 | 0.00 | 0.00 | 5.37K |
| Interest Expense | 89.92M | 86.96M | 36.40M | 36.49M | 39.23M | 36.01M | 28.70M | 35.54M | 23.55M | 8.50M | 3.66M | 3.31M | 1.73M | 0.00 |
| Depreciation & Amortization | 218.97M | 538.17M | 201.17M | 171.56M | 155.20M | 139.36M | 118.04M | 115.86M | 28.09M | 12.52M | 4.41M | 3.47M | 1.77M | 0.00 |
| EBITDA | 291.08M | 345.35M | 220.88M | 105.21M | 52.82M | 97.04M | 79.63M | 74.49M | 38.28M | 21.06M | 9.59M | 7.20M | 3.13M | 4.93K |
| EBITDA Ratio | 44.04% | 54.95% | 51.49% | 49.65% | 50.77% | 50.85% | 50.28% | 19.26% | 47.32% | 46.58% | 48.11% | 44.23% | 41.72% | 91.80% |
| Operating Income | 147.84M | 92.50M | 51.94M | 44.52M | 50.37M | 51.82M | 45.43M | 39.66M | 10.18M | 8.54M | 4.93M | 3.73M | 1.36M | 4.93K |
| Operating Income Ratio | 22.37% | 14.72% | 20.76% | 21.01% | 24.79% | 27.10% | 28.18% | 25.86% | 9.29% | 17.36% | 24.74% | 22.44% | 15.66% | 91.80% |
| Total Other Income/Expenses | -165.65M | -223.13M | -6.41M | -29.78M | -4.02M | -25.21M | -13.98M | -49.22M | 19.97M | -5.60M | -3.66M | -3.31M | -1.73M | 0.00 |
| Income Before Tax | -17.81M | 120.66M | 45.53M | 14.88M | 46.35M | 26.61M | 31.44M | -9.56M | 30.16M | 2.94M | 1.27M | 427.00K | -370.00K | 4.93K |
| Income Before Tax Ratio | -2.69% | 19.20% | 18.19% | 7.02% | 22.81% | 13.92% | 19.50% | -6.23% | 27.52% | 5.98% | 6.39% | 2.57% | -4.27% | 91.80% |
| Income Tax Expense | 0.00 | 86.96M | 37.34M | 36.47M | 39.68M | 322.00K | 1.24M | 246.00K | 1.91M | 4.00K | 649.00K | 535.00K | -258.00K | 1.20K |
| Net Income | -17.23M | 33.70M | 8.19M | -21.59M | 6.67M | 26.29M | 30.21M | -9.80M | 28.24M | 2.94M | 625.00K | -108.00K | -112.00K | 3.73K |
| Net Income Ratio | -2.61% | 5.36% | 3.27% | -10.19% | 3.28% | 13.75% | 18.74% | -6.39% | 25.77% | 5.98% | 3.13% | -0.65% | -1.29% | 69.40% |
| EPS | -0.08 | 0.15 | 0.08 | -0.23 | 0.07 | 0.30 | 0.41 | -0.19 | 0.78 | 0.14 | 0.12 | -0.01 | -0.01 | 0.00 |
| EPS Diluted | -0.08 | 0.15 | 0.07 | -0.23 | 0.07 | 0.30 | 0.41 | -0.19 | 0.78 | 0.14 | 0.12 | -0.01 | -0.01 | 0.00 |
| Weighted Avg Shares Out | 224.41M | 221.97M | 108.55M | 93.66M | 89.80M | 87.09M | 73.34M | 51.58M | 36.15M | 21.32M | 5.33M | 9.64M | 9.64M | 9.64M |
| Weighted Avg Shares Out (Dil) | 224.41M | 223.12M | 109.83M | 94.69M | 90.42M | 87.38M | 73.60M | 52.18M | 36.16M | 21.53M | 5.33M | 9.64M | 9.64M | 9.64M |
A Crude Problem
U.S. equity markets declined this week while benchmark interest rates jumped to the highest level since November after stronger-than-expected employment data showed robust hiring trends in early 2024. Stagflation has crept back into the economic discussion over the past several...
Independence Realty Trust Announces First Quarter 2024 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced that today IRT's board of directors declared a quarterly dividend of $0.16 per share of IRT common stock, payable on April 19, 2024 to stockholders of record at the close of...
Independence Realty Trust Receives Investment Grade Credit Rating from Fitch
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that the Company received an investment grade rating from Fitch Ratings (“Fitch”). Fitch has assigned a Long-Term Issuer Default Rating of ‘BBB' to IRT with a stable...
Independence Realty Trust to Present at Citi's 2024 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) announced today that Scott Schaeffer, Chairman and Chief Executive Officer and Jim Sebra, Chief Financial Officer, will be participating next week in Citi's 2024 Global Property CEO Conference held...
Independence Realty Trust Appoints Craig Macnab to its Board of Directors
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT” or the “Company”) today announced the appointment of Craig Macnab to its Board of Directors (the “Board”), effective February 29, 2024. Mr. Macnab brings over 20 years of experience to IRT's Board...
Independence Realty: Q4 Earnings Show Improved Portfolio Strength
Independence Realty Trust has outperformed competitors and the Vanguard Real Estate ETF in terms of total return which makes it a strong contender. The recent earnings report showed mixed financial performance, with a decrease in net income but increased revenue,...
Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript
Independence Realty Trust, Inc. (IRT) Q4 2023 Earnings Call Transcript
Independence Realty Trust (IRT) Q4 FFO Meet Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.29 per share a year ago.
Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its fourth quarter and full year 2023 financial results and provided its full year 2024 guidance. Fourth Quarter Highlights Net loss available to common shares of...
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Source: https://incomestatements.info
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