Independence Realty Trust Income Statement

Financials in millions USD. Fiscal year is January - December.

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Rental Revenue	656.48	638.91	659.84	627.41	249.49
Other Revenue	12.28	1.47	-3.35	-1.06	0.76
Total Revenue	668.76	640.38	656.5	626.36	250.25
Revenue Growth (YoY	4.43%	-2.45%	4.81%	150.29%	18.10%
Property Expenses	260.19	258.13	265.07	251.46	102.79
Selling, General & Administrative	33.05	31.63	29.11	31.11	18.61
Depreciation & Amortization	243.24	220.85	218.97	252.85	76.91
Total Operating Expenses	536.47	510.61	513.15	535.42	198.31
Operating Income	132.29	129.77	143.35	90.94	51.94
Interest Expense	-79	-76.14	-89.92	-86.96	-36.4
Other Non-Operating Income	-0.35	-0	-0.43	1.56	-
EBT Excluding Unusual Items	52.94	53.63	53	5.54	15.54
Merger & Restructuring Charges	-	-	-	-5.51	-47.06
Gain (Loss) on Sale of Assets	6.15	-9.86	-66.55	111.76	87.67
Total Insurance Settlements	-	-	-	8.87	-
Other Unusual Items	-1.38	-3.74	-1.05	-	-10.62
Pretax Income	57.71	40.03	-17.81	120.66	45.53
Earnings From Continuing Operations	57.71	40.03	-17.81	120.66	45.53
Minority Interest in Earnings	-1.15	-0.74	0.58	-3.41	-0.94
Net Income	56.56	39.29	-17.23	117.25	44.59
Net Income to Common	56.56	39.29	-17.23	117.25	44.59
Net Income Growth	43.95%	-	-	162.96%	201.93%
Basic Shares Outstanding	234	225	224	222	109
Diluted Shares Outstanding	235	226	224	223	110
Shares Change (YoY)	4.06%	0.52%	0.58%	103.15%	15.99%
EPS (Basic)	0.24	0.17	-0.08	0.53	0.41
EPS (Diluted)	0.24	0.17	-0.08	0.53	0.41
EPS Growth	41.18%	-	-	28.84%	160.03%
Dividend Per Share	0.670	0.640	0.620	0.540	0.480
Dividend Growth	4.69%	3.23%	14.82%	12.50%	-11.11%
Operating Margin	19.78%	20.27%	21.84%	14.52%	20.76%
Profit Margin	8.46%	6.14%	-2.62%	18.72%	17.82%
EBITDA	375.53	350.63	362.32	343.79	128.85
EBITDA Margin	56.15%	54.75%	55.19%	54.89%	51.49%
D&A For Ebitda	243.24	220.85	218.97	252.85	76.91
EBIT	132.29	129.77	143.35	90.94	51.94
EBIT Margin	19.78%	20.27%	21.84%	14.52%	20.76%
Funds From Operations (FFO)	285.91	272.79	270.47	263.18	31.74
FFO Per Share	1.19	1.18	1.17	1.15	0.29
Adjusted Funds From Operations (AFFO)	285.91	272.79	270.47	263.18	31.74
AFFO Per Share	1.19	1.18	1.17	1.15	0.29
FFO Payout Ratio	54.00%	52.80%	49.87%	40.21%	157.01%
Revenue as Reported	657.7	640.04	660.98	628.53	250.25

Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.