Independence Realty Trust Cash Flow Statement

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

Millions USD. Fiscal year is Jan - Dec.

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep '25 Sep 30, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021	Dec '20 Dec 31, 2020
Net Income	22.29	39.29	-17.23	117.25	44.59	14.77
Depreciation & Amortization	238	220.85	218.97	252.85	76.91	60.69
Other Amortization	3.45	2.8	3.29	3.73	1.64	1.45
Gain (Loss) on Sale of Assets	-	-	-	-	-	-7.55
Asset Writedown	32.27	9.86	66.55	-111.76	-87.67	-
Stock-Based Compensation	7.78	7.08	7.66	7.89	7.23	5.56
Income (Loss) on Equity Investments	-11.39	-0.35	4.49	2.17	-	-
Change in Accounts Payable	3.78	-7.09	-3.23	-2.5	-3.63	0.75
Change in Other Net Operating Assets	-4.47	-8.46	-10.54	-3.86	0.86	-2.73
Other Operating Activities	-6.31	-4.23	-7.79	-16.24	12.33	2.02
Operating Cash Flow	285.39	259.75	262.17	249.54	52.26	74.96
Operating Cash Flow Growth	11.70%	-0.92%	5.06%	377.52%	-30.29%	-0.06%
Acquisition of Real Estate Assets	-468.84	-413.62	-212.85	-347.52	-182.49	-182.68
Sale of Real Estate Assets	109.27	390.88	230.79	253.56	177.49	58.14
Net Sale / Acq. of Real Estate Assets	-359.57	-22.74	17.94	-93.96	-5	-124.54
Cash Acquisition	-	-	2.15	-	-186.12	-
Investment in Marketable & Equity Securities	12.82	-2.58	-26	-57.39	-25	-
Other Investing Activities	2.23	4.72	4.21	15.58	-	-
Investing Cash Flow	-344.52	-20.61	-1.71	-135.77	-216.12	-124.54
Long-Term Debt Issued	-	600	270	707.5	594.5	195.5
Long-Term Debt Repaid	-	-804.79	-379.94	-771.89	-615.18	-236.79
Net Debt Issued (Repaid)	-35.91	-204.79	-109.94	-64.39	-20.68	-41.28
Issuance of Common Stock	262.02	111.3	-	48.65	317.02	148.21
Repurchase of Common Stock	-3.48	-2.6	-4.74	-5.97	-2.93	-1.49
Common Dividends Paid	-149.76	-144.02	-134.87	-105.83	-49.83	-56.15
Other Financing Activities	-11.05	-6.32	-4.2	-7.89	-27.66	-0.53
Net Cash Flow	2.69	-7.28	6.72	-21.65	52.06	-0.82
Cash Interest Paid	80.62	80.62	96.02	96.38	29.23	34.11
Levered Free Cash Flow	60.8	325.46	-139.33	229.96	56.89	30.72
Unlevered Free Cash Flow	106.32	370.25	-86.42	280.58	78	52.07
Change in Working Capital	-0.69	-15.55	-13.77	-6.36	-2.77	-1.97

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