See more : Bunker Hill Mining Corp. (BNKR.V) 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 |
Independence Realty Trust Announces Tax Treatment of Dividends in 2023
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT) today announced the tax status of 2023 dividend distributions on its common stock. The final income allocations as they will be reported on Form 1099-DIV are set forth in the following table:...
Independence Realty Trust Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Dates
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that it expects to release its fourth quarter and full year 2023 financial results after market close on Wednesday, February 14, 2024, and will hold its quarterly results conference call...
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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 January 19, 2024 to stockholders of record at the close of...
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Source: https://incomestatements.info
Category: Stock Reports