Independence Realty Trust, Inc. (IRT) quarterly income statement — complete revenue, gross profit & net income history
| Metric | Q1'26 | Q4'25 | Q3'25 | Q2'25 | Q1'25 | Q4'24 | Q3'24 | Q2'24 | Q1'24 | Q4'23 | Q3'23 | Q2'23 | Q1'23 | Q4'22 | Q3'22 | Q2'22 | Q1'22 | Q4'21 | Q3'21 | Q2'21 |
|---|
| Revenue | 165.32M | 167.13M | 167.14M | 162.19M | 161.24M | 161.31M | 160.13M | 158.4M | 160.53M | 167.05M | 168.61M | 163.96M | 161.37M | 163.04M | 159.12M | 154.76M | 150.3M | 76.92M | 60.78M | 57.44M |
| Revenue Growth % | 2.53% | 3.61% | 4.37% | 2.39% | 0.44% | -3.43% | -5.02% | -3.39% | -0.52% | 2.46% | 5.96% | 5.94% | 7.37% | 111.97% | 161.8% | 169.42% | 172.72% | 42.21% | 12.14% | 9.9% |
| Property Operating Expenses | 199.63M | 189.9M | 69.59M | 68.65M | 67.09M | 61.57M | 67.92M | 68.55M | 121.19M | 66.36M | 12.45M | 68.89M | 65.63M | 64.04M | 65.71M | 65.11M | 61.44M | 30.17M | 25.36M | 24.47M |
| Net Operating Income (NOI) | -34.3M | -22.77M | 97.55M | 93.54M | 94.15M | 99.74M | 92.22M | 89.85M | 39.34M | 100.68M | 156.16M | 95.07M | 95.75M | 99M | 93.41M | 89.65M | 88.86M | 46.74M | 35.42M | 32.97M |
| NOI Margin % | -20.75% | -13.63% | 58.36% | 57.67% | 58.39% | 61.83% | 57.59% | 56.72% | 24.51% | 60.27% | 92.62% | 57.98% | 59.33% | 60.72% | 58.7% | 57.93% | 59.12% | 60.77% | 58.27% | 57.39% |
| Operating Expenses | -56.12M | -58.31M | 66.64M | 65.78M | 67.02M | 4.86M | 60.03M | 60.37M | 8.38M | 60.94M | 50.85M | 5.91M | 8.15M | 5.74M | 5.63M | 6.97M | 7.93M | 4.44M | 21.37M | 21M |
| G&A Expenses | 8.51M | 0 | 4.91M | 5.98M | 8.41M | 4.86M | 4.76M | 6.24M | 8.38M | 5.04M | 3.66M | 5.91M | 8.15M | 5.74M | 5.63M | 6.97M | 7.93M | 4.44M | 3.98M | 4.24M |
| EBITDA | 86.45M | 98.52M | 92.64M | 87.56M | 85.86M | 152.62M | 87.45M | 83.61M | 84.68M | 95.64M | 160.85M | 146.06M | 138.21M | 145.42M | 137.51M | 156.63M | 157.95M | 68.51M | 31.43M | 28.73M |
| EBITDA Margin % | 52.29% | 58.95% | 55.43% | 53.99% | 53.25% | 94.61% | 54.61% | 52.78% | 52.75% | 57.25% | 95.4% | 89.08% | 85.65% | 89.19% | 86.42% | 101.21% | 105.09% | 89.07% | 51.71% | 50.01% |
| Depreciation & Amortization | 64.63M | 62.98M | 61.73M | 59.8M | 58.73M | 57.74M | 55.26M | 54.13M | 53.72M | 55.9M | 55.55M | 56.9M | 50.62M | 52.16M | 49.72M | 73.95M | 77.01M | 26.21M | 17.38M | 16.76M |
| D&A / Revenue % | 39.09% | 37.69% | 36.94% | 36.87% | 36.42% | 35.8% | 34.51% | 34.17% | 33.46% | 33.47% | 32.94% | 34.71% | 31.37% | 31.99% | 31.25% | 47.78% | 51.24% | 34.08% | 28.6% | 29.18% |
| Operating Income | 21.82M | 35.54M | 30.91M | 27.76M | 27.14M | 94.88M | 32.19M | 29.48M | 30.96M | 39.74M | 105.31M | 89.16M | 87.59M | 93.26M | 87.79M | 82.68M | 80.93M | 42.3M | 14.05M | 11.97M |
| Operating Margin % | 13.2% | 21.26% | 18.49% | 17.12% | 16.83% | 58.82% | 20.1% | 18.61% | 19.29% | 23.79% | 62.46% | 54.38% | 54.28% | 57.2% | 55.17% | 53.42% | 53.85% | 55% | 23.11% | 20.83% |
| Interest Expense | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K | 1000K |
| Interest Coverage | 0.99x | 2.67x | 1.34x | 1.44x | 1.44x | 1.88x | 1.69x | 1.60x | 1.87x | -0.77x | 1.18x | 1.58x | 1.54x | 1.76x | 1.72x | 0.47x | 0.13x | 1.50x | 2.33x | 1.40x |
| Non-Operating Income | 1.21M | -18.9M | 3.46M | 817K | -736K | 57.74M | 1.26M | 1.47M | -7.6M | 57.85M | 79.29M | 53.98M | 53.54M | 52.16M | 49.72M | 72.79M | 78.17M | 26.21M | -6.22M | 0 |
| Pretax Income | -127K | 34.02M | 7M | 8.17M | 8.53M | -1.1M | 12.62M | 10.55M | 17.96M | -41.65M | 3.99M | 10.99M | 8.87M | 34.52M | 16.65M | -7.4M | 76.88M | 29.46M | 11.56M | 3.41M |
| Pretax Margin % | -0.08% | 20.35% | 4.19% | 5.04% | 5.29% | -0.68% | 7.88% | 6.66% | 11.19% | -24.94% | 2.36% | 6.7% | 5.5% | 21.18% | 10.47% | -4.78% | 51.15% | 38.31% | 19.03% | 5.93% |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Effective Tax Rate % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Net Income | -68K | 33.27M | 6.89M | 8.05M | 8.35M | -1M | 12.37M | 10.35M | 17.58M | -40.52M | 3.93M | 10.71M | 8.65M | 33.63M | 16.22M | -7.21M | 74.6M | 28.61M | 11.5M | 3.39M |
| Net Margin % | -0.04% | 19.9% | 4.12% | 4.96% | 5.18% | -0.62% | 7.72% | 6.54% | 10.95% | -24.25% | 2.33% | 6.53% | 5.36% | 20.63% | 10.2% | -4.66% | 49.63% | 37.2% | 18.92% | 5.89% |
| Net Income Growth % | -100.81% | 3416.65% | -44.25% | -22.29% | -52.47% | 97.52% | 214.63% | -3.32% | 103.25% | -220.47% | -75.78% | 248.65% | -88.41% | 17.53% | 41.05% | -312.79% | 6769.24% | 115.78% | 955.23% | 329.15% |
| Funds From Operations (FFO) | 64.56M | 96.25M | 68.63M | 67.84M | 67.08M | 56.74M | 67.63M | 64.48M | 71.3M | 15.39M | 59.48M | 67.61M | 59.26M | 85.79M | 65.94M | 66.75M | 151.61M | 54.83M | 28.89M | 20.15M |
| FFO Margin % | 39.05% | 57.59% | 41.06% | 41.83% | 41.6% | 35.17% | 42.23% | 40.71% | 44.41% | 9.21% | 35.27% | 41.24% | 36.72% | 52.62% | 41.44% | 43.13% | 100.87% | 71.28% | 47.53% | 35.08% |
| FFO Growth % | -3.75% | 69.64% | 1.48% | 5.21% | -5.92% | 268.75% | 13.7% | -4.63% | 20.31% | -82.06% | -9.81% | 1.3% | -60.91% | 56.48% | 128.29% | 231.27% | 759.59% | 91.31% | 76.98% | 25.77% |
| FFO per Share | 0.27 | 0.39 | 0.29 | 0.29 | 0.29 | 0.25 | 0.30 | 0.29 | 0.32 | 0.07 | 0.26 | 0.30 | 0.26 | 0.38 | 0.30 | 0.30 | 0.68 | 0.43 | 0.27 | 0.20 |
| FFO Payout Ratio % | 0% | 118.23% | 57.83% | 54.43% | 55.43% | 63.37% | 53.17% | 55.76% | 50.7% | 233.36% | 60.43% | 46.44% | 53.36% | 36.54% | 47.09% | 39.72% | 11.16% | 22.95% | 43.56% | 60.63% |
| EPS (Diluted) | -0.00 | 0.14 | 0.03 | 0.03 | 0.04 | -0.00 | 0.05 | 0.05 | 0.08 | -0.18 | 0.02 | 0.05 | 0.03 | 0.05 | 0.07 | -0.03 | 0.34 | 0.23 | 0.11 | 0.03 |
| EPS Growth % | -101.39% | - | -46.25% | -25.05% | -53.85% | 97.56% | 212.57% | -3.57% | 179.57% | -462.17% | -75.96% | 246.01% | -91.79% | -78.39% | -33.82% | -208.67% | 3300% | 64.29% | 1000% | 200% |
| EPS (Basic) | -0.00 | 0.14 | 0.03 | 0.03 | 0.04 | -0.00 | 0.06 | 0.05 | 0.08 | -0.18 | 0.02 | 0.05 | 0.03 | 0.05 | 0.07 | -0.03 | 0.34 | 0.23 | 0.11 | 0.03 |
| Diluted Shares Outstanding | 242.37M | 243.71M | 239.58M | 234.13M | 231.83M | 225.58M | 226.06M | 225.42M | 225.23M | 224.51M | 225.14M | 225.07M | 225.09M | 224.92M | 222.87M | 221.16M | 222.05M | 126.68M | 107.67M | 102.92M |