NYSE · Financial Statements

Independence Realty Trust, Inc. (IRT) Financial Statements

$16.74 NYSE: IRT Market Cap $3.95B

Independence Realty Trust, Inc. most recently reported annual revenue of $658.0M, net profit of $57.0M. Revenue grew at an average annual rate of 25.4% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Independence Realty Trust, Inc.: Revenue rose from $153.0M in 2016 to $658.0M in 2025, a change of +330.1% over 9 years; net profit was positive in 8 of 10 reported years; operating margin moved from 25.9% to 18.4%, a shift of -7.4 percentage points; the most recent year shows net profit of $57.0M.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$153.0M$161.0M$191.0M$203.0M$212.0M$250.0M$629.0M$661.0M$640.0M$658.0M
Operating Expenses$114.0M$116.0M$139.0M$100.0M$212.0M$198.0M$535.0M$513.0M$511.0M$536.0M
Operating Profit$40.0M$45.0M$52.0M$103.0M$0$52.0M$93.0M$148.0M$129.0M$121.0M
Operating Margin25.9%28.2%27.1%50.8%0.0%20.8%14.8%22.4%20.2%18.4%
Other Income$-49.0M$-14.0M$-25.0M$-57.0M$15.0M$-6.0M$28.0M$-166.0M$-89.0M$-64.0M
Interest$36.0M$29.0M$36.0M$39.0M$36.0M$36.0M$87.0M$90.0M$76.0M$79.0M
Depreciation$116.0M$118.0M$139.0M$53.0M$61.0M$77.0M$253.0M$219.0M$221.0M$243.0M
Profit Before Tax$-10.0M$31.0M$27.0M$46.0M$15.0M$46.0M$121.0M$-18.0M$40.0M$58.0M
Tax$0$0$0$0$0$0$0$0$0$0
Net Profit$-10.0M$30.0M$26.0M$46.0M$15.0M$45.0M$117.0M$-17.0M$39.0M$57.0M
EPS$-0.19$0.41$0.30$0.07$-0.23$0.07$0.15$-0.08$0.17$0.24
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricJun '23Sep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26
Revenue$164.0M$169.0M$167.0M$161.0M$158.0M$160.0M$161.0M$161.0M$162.0M$167.0M$167.0M$165.0M
Operating Expenses$75.0M$63.0M$127.0M$130.0M$129.0M$128.0M$66.0M$134.0M$134.0M$136.0M$132.0M$144.0M
Operating Profit$89.0M$105.0M$40.0M$31.0M$29.0M$32.0M$95.0M$27.0M$28.0M$31.0M$36.0M$22.0M
Operating Margin54.4%62.5%23.8%19.3%18.6%20.1%58.8%16.8%17.1%18.5%21.3%13.2%
Interest$22.0M$22.0M$24.0M$21.0M$17.0M$18.0M$20.0M$19.0M$19.0M$20.0M$20.0M$21.0M
Profit Before Tax$11.0M$4.0M$-42.0M$18.0M$11.0M$13.0M$-1.0M$9.0M$8.0M$7.0M$34.0M$0
Tax$0$0$0$0$0$0$0$0$0$0$0$0
Net Profit$11.0M$4.0M$-41.0M$18.0M$10.0M$12.0M$-1.0M$8.0M$8.0M$7.0M$33.0M$0
EPS$0.05$0.02$-0.18$0.08$0.05$0.05$0.00$0.04$0.03$0.03$0.14$0.00

Over the 10 years reported for Independence Realty Trust, Inc., borrowings increased from $744.0M in 2016 to $2.3B in 2025, cash stood at $48.0M in the latest year, shareholders' equity was $2.0M, current assets covered current liabilities 0.05 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$1.3B$1.5B$1.7B$1.7B$1.7B$6.5B$6.5B$6.3B$6.1B$6.0B
Current Assets$92.0M$22.0M$102.0M$14.0M$14.0M$127.0M$80.0M$347.0M$154.0M$48.0M
Cash$21.0M$10.0M$9.0M$10.0M$9.0M$36.0M$16.0M$23.0M$21.0M$48.0M
Inventory$-4.0M$-7.0M$0$0$0$0$0$0$0$0
Receivables$5.0M$8.0M$9.0M$0$0$0$0$0$0$0
Fixed Assets$1.2B$1.4B$1.5B$0$1.7B$3.0M$0$0$0$0
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$-2.5B$-2.9B$-3.2B$0$0$25.0M$80.0M$89.0M$92.0M$5.8B
Other Assets$0$0$0$0$0$0$0$0$0$0
Total Liabilities$766.0M$805.0M$1.0B$1.0B$1.0B$2.9B$2.8B$2.7B$2.5B$2.4B
Current Liabilities$19.0M$23.0M$40.0M$228.0M$40.0M$1.0B$974.0M$993.0M$936.0M$930.0M
Borrowings$744.0M$778.0M$985.0M$986.0M$979.0M$2.7B$2.6B$2.5B$2.3B$2.3B
Other Liabilities$22.0M$26.0M$44.0M$59.0M$44.0M$159.0M$163.0M$164.0M$149.0M$151.0M
Equity$1.0M$1.0M$1.0M$1.0M$1.0M$2.0M$2.0M$2.0M$2.0M$2.0M
Reserves$507.0M$624.0M$623.0M$613.0M$708.0M$3.5B$3.6B$3.4B$3.4B$3.5B

For Independence Realty Trust, Inc., operating cash flow was positive in 9 of 10 reported years; free cash flow in the latest year was $147.0M; free cash flow was positive in 9 of 10 years; financing activities used $37.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$-8.0M$54.0M$69.0M$75.0M$75.0M$52.0M$250.0M$262.0M$260.0M$282.0M
Investing Cash Flow$57.0M$-380.0M$-459.0M$-152.0M$-162.0M$-259.0M$-282.0M$-148.0M$-196.0M$-279.0M
Financing Cash Flow$-66.0M$127.0M$-6.0M$-3.0M$-2.0M$-31.0M$-14.0M$-9.0M$-9.0M$-37.0M
Net Cash Flow$-17.0M$-11.0M$1.0M$-2.0M$-1.0M$52.0M$-22.0M$7.0M$-7.0M$4.0M
Free Cash Flow$-18.0M$40.0M$28.0M$29.0M$38.0M$9.0M$104.0M$116.0M$85.0M$147.0M

Valuation & Return Ratios

MetricValue
PEG Ratio1.53
EV / EBITDA16.74
FCF Yield3.84%
Quick Ratio0.18
Interest Coverage1.44
Return 1Y-4.79%
Return 3Y8.71%
Return 5Y-3.79%

Independence Realty Trust, Inc. (IRT) financials — frequently asked questions

What is Independence Realty Trust, Inc.'s annual revenue?

Independence Realty Trust, Inc. (IRT) reported annual revenue of $658.0M in its most recent fiscal year.

What is Independence Realty Trust, Inc.'s net profit?

Independence Realty Trust, Inc. (IRT) reported net profit of $57.0M in its most recent fiscal year.

What is IRT EV/EBITDA?

Independence Realty Trust, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 16.74.

Popular Stocks

Apple (AAPL)Microsoft (MSFT)NVIDIA (NVDA)Alphabet (GOOGL)Amazon (AMZN)Meta (META)Tesla (TSLA)Broadcom (AVGO)Eli Lilly (LLY)JPMorgan (JPM)

Related stock screens

High ROE Real Estate StocksLow P/E Real Estate StocksHigh Net Margin Real Estate StocksDividend Real Estate StocksLow Debt Real Estate StocksHigh ROE StocksLow P/E StocksHigh Net Margin StocksDividend StocksLow Debt StocksNYSE High ROE StocksAll stock screens
IRT Overview IRT Dividend Run Stock Screener

Data for information only, not investment advice. Figures may be delayed or inaccurate; verify against company filings. See our disclaimer.