See more : Standard Premium Finance Holdings, Inc. (SPFX) 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.
You may be interested
- United Insurance Holdings Corp. (UIHC) Income Statement Analysis – Financial Results
- Latteno Food Corp. (LATF) Income Statement Analysis – Financial Results
- Shinnihon Corporation (1879.T) Income Statement Analysis – Financial Results
- Nantong Jiangshan Agrochemical & Chemicals Co.,Ltd. (600389.SS) Income Statement Analysis – Financial Results
- Calfrac Well Services Ltd. (CFWWF) Income Statement Analysis – Financial Results
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 |
Buried Treasures: 10 Dramatically Undervalued REITs Yielding Over 5%
REITs have experienced a significant drop in value due to rising interest rates and inflation. However, with inflation under control and interest rates expected to stabilize or decrease, REITs are poised for a surge. A list of 28 undervalued REITs...
Independence Realty Trust Scheduled to Participate in Nareit's REITworld Annual Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, IRT's Chairman and Chief Executive Officer, and Jim Sebra, IRT's Chief Financial Officer are scheduled to host meetings with investors and analysts at Nareit's REITworld 2023 Annual...
Independence Realty Trust, Inc. (IRT) Q3 2023 Earnings Call Transcript
Independence Realty Trust, Inc. (NYSE:IRT ) Q3 2023 Earnings Conference Call October 31, 2023 9:00 AM ET Company Participants Lauren Torres - Investor Relations Scott Schaeffer - Chairman, President and Chief Executive Officer Mike Daley - Executive Vice President of...
Independence Realty Trust (IRT) Tops Q3 FFO and Revenue Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.30 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to FFO of $0.28 per share a year ago.
Independence Realty Trust Announces Third Quarter 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its third quarter 2023 financial results, initiated its portfolio optimization strategy and updated its full year 2023 guidance. Third Quarter Highlights Net income available to common...
Independence Realty Trust Announces Third Quarter 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 third quarter 2023 financial results after market close on Monday, October 30, 2023, and will hold its quarterly results conference call on Tuesday, October...
OPI or IRT: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Office Properties Income Trust (OPI) and Independence Realty Trust (IRT). But which of these two stocks offers value investors a better bang...
Independence Realty Trust: Well-Positioned Due To Midwest Exposure (Rating Upgrade)
Independence Realty Trust has benefited from the migration of people from expensive coastal cities to the Sunbelt and Midwest during the pandemic. IRT's financial management has improved, with lower leverage ratios and a rebounding dividend following the 2020 dividend cut....
Billionaire Commercial Real Estate Investor Says 'The Worst Is Yet To Come'
Commercial real estate market is just beginning to experience the pain of the correction, according to billionaire investor Jeff Greene. Office buildings are expected to be the hardest hit, with declining leasing volume and potential defaults on loans. Retail, industrial,...
OPI or IRT: Which Is the Better Value Stock Right Now?
Investors interested in stocks from the REIT and Equity Trust - Residential sector have probably already heard of Office Properties Income Trust (OPI) and Independence Realty Trust (IRT). But which of these two stocks offers value investors a better bang...
Source: https://incomestatements.info
Category: Stock Reports