See more : EDION Corporation (2730.T) 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 First 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 first quarter 2023 financial results after market close on Wednesday, April 26, 2023, and will hold its quarterly results conference call on Thursday, April...
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Independence Realty Trust: An Affordable Multifamily REIT
Independence Realty Trust: An Affordable Multifamily REIT
Residential REITs: Stability In An Unstable World
The recent collapse of Silicon Valley Bank and the launch of the Federal Reserve's Bank Term Funding Program (“BTFP”) have sent markets on a roller-coaster ride. Recent housing data continues to show signs of home prices moving lower, and sequential...
Independence Realty Trust Announces Leadership Update and First Quarter 2023 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Farrell Ender, President of IRT, will be leaving the company effective May 1, 2023, to pursue other opportunities. “We would like to thank Farrell for his dedication and commitment...
Independence Realty Trust Announces Leadership Update and First Quarter 2023 Dividend
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) announced today that Farrell Ender, President of IRT, will be leaving the company effective May 1, 2023, to pursue other opportunities. “We would like to thank Farrell for his dedication and commitment...
Independence Realty Trust to Present at Citi’s 2023 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, and Jim Sebra, Chief Financial Officer will be participating next week in Citi’s 2023 Global Property CEO Conference held in Hollywood, FL....
Independence Realty Trust to Present at Citi's 2023 Global Property CEO Conference
PHILADELPHIA--(BUSINESS WIRE)--Independence Realty Trust, Inc. (NYSE: IRT) (“IRT”) today announced that Scott Schaeffer, Chairman and Chief Executive Officer, and Jim Sebra, Chief Financial Officer will be participating next week in Citi's 2023 Global Property CEO Conference held in Hollywood, FL....
Independence Realty Trust, Inc. (IRT) Q4 2022 Earnings Call Transcript
Independence Realty Trust, Inc. (NYSE:IRT ) Q4 2022 Earnings Conference Call February 16, 2023 9:00 AM ET Company Participants Lauren Torres - IR, Edelman Smithfield Scott Schaeffer - Chairman and CEO Mike Daley - EVP of Operations and People Farrell...
Independence Realty Trust (IRT) Meets Q4 FFO Estimates
Independence Realty Trust (IRT) delivered FFO and revenue surprises of 0% and 0.52%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?
Source: https://incomestatements.info
Category: Stock Reports