See more : Yuen Foong Yu Consumer Products Co., Ltd. (6790.TW) 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 Third Quarter 2023 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 October 20, 2023 to stockholders of record at the close of...
Independence Realty Trust Scheduled to Host Investor Meetings at Bank of America Securities 2023 Global Real Estate Conference on September 12
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Jim Sebra, IRT's Chief Financial Officer and Mike Daley, IRT's Executive Vice President, Operations and People are scheduled to host meetings with investors at the Bank of America Securities...
Independence Realty Trust: What's Not To Like?
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Independence Realty Trust, Inc. (IRT) Q2 2023 Earnings Call Transcript
Independence Realty Trust, Inc. (NYSE:IRT ) Q2 2023 Earnings Conference Call July 27, 2023 9:00 AM ET Company Participants Lauren Torres - IR Scott Schaeffer - President, CEO & Chairman Mike Daley - EVP, Operations & People James Sebra -...
Independence Realty Trust (IRT) Q2 FFO Match Estimates
Independence Realty Trust (IRT) came out with quarterly funds from operations (FFO) of $0.28 per share, in line with the Zacks Consensus Estimate. This compares to FFO of $0.26 per share a year ago.
Independence Realty Trust Announces Second Quarter 2023 Financial Results
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (“IRT”) (NYSE: IRT), a multifamily apartment REIT, today announced its second quarter 2023 financial results and raised the midpoint of its full year 2023 earnings and Core FFO guidance ranges. Second Quarter Highlights Net income...
Independence Realty Trust Announces Second 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 second quarter 2023 financial results after market close on Wednesday, July 26, 2023, and will hold its quarterly results conference call on Thursday, July...
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Independence Realty Trust: A Solid Residential REIT Despite Valuation Concerns
Independence Realty Trust is a multi-family residential REIT with a strong balance sheet and robust liquidity. IRT recently increased its dividend, which is well-covered and has room for further growth. I rate the company as a "Hold" due to valuation...
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