Independence Realty Trust, Inc. (IRT)
NYSE: IRT · Real-Time Price · USD
16.76
-0.01 (-0.06%)
Aug 1, 2025, 4:00 PM - Market closed
Model N Income 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 | 2016 - 2020 |
|---|---|---|---|---|---|---|---|
Period Ending | Jun '25 Jun 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 | 2016 - 2020 |
Rental Revenue | 643.27 | 638.91 | 659.84 | 627.41 | 249.49 | 211.17 | Upgrade |
Other Revenue | 2.13 | 1.47 | -3.35 | -1.06 | 0.76 | 0.74 | Upgrade |
| 645.4 | 640.38 | 656.5 | 626.36 | 250.25 | 211.91 | Upgrade | |
Revenue Growth (YoY | -0.60% | -2.45% | 4.81% | 150.29% | 18.10% | 4.27% | Upgrade |
Property Expenses | 265.23 | 265.51 | 271.41 | 256.31 | 102.79 | 91.47 | Upgrade |
Selling, General & Administrative | 24.01 | 24.25 | 22.77 | 26.26 | 18.61 | 15.1 | Upgrade |
Depreciation & Amortization | 231.53 | 220.85 | 218.97 | 252.85 | 76.91 | 60.69 | Upgrade |
Total Operating Expenses | 520.77 | 510.61 | 513.15 | 535.42 | 198.31 | 167.25 | Upgrade |
Operating Income | 124.64 | 129.77 | 143.35 | 90.94 | 51.94 | 44.65 | Upgrade |
Interest Expense | -76.2 | -76.14 | -89.92 | -86.96 | -36.4 | -36.49 | Upgrade |
Other Non-Operating Income | -0.1 | -0 | -0.43 | 1.56 | - | - | Upgrade |
EBT Excluding Unusual Items | 48.34 | 53.63 | 53 | 5.54 | 15.54 | 8.16 | Upgrade |
Merger & Restructuring Charges | - | - | - | -5.51 | -47.06 | - | Upgrade |
Gain (Loss) on Sale of Assets | -18.74 | -9.86 | -66.55 | 111.76 | 87.67 | 7.55 | Upgrade |
Total Insurance Settlements | - | - | - | 8.87 | - | - | Upgrade |
Other Unusual Items | -1.38 | -3.74 | -1.05 | - | -10.62 | -0.84 | Upgrade |
Pretax Income | 28.22 | 40.03 | -17.81 | 120.66 | 45.53 | 14.88 | Upgrade |
Earnings From Continuing Operations | 28.22 | 40.03 | -17.81 | 120.66 | 45.53 | 14.88 | Upgrade |
Minority Interest in Earnings | -0.46 | -0.74 | 0.58 | -3.41 | -0.94 | -0.11 | Upgrade |
Net Income | 27.76 | 39.29 | -17.23 | 117.25 | 44.59 | 14.77 | Upgrade |
Net Income to Common | 27.76 | 39.29 | -17.23 | 117.25 | 44.59 | 14.77 | Upgrade |
Net Income Growth | - | - | - | 162.96% | 201.93% | -67.82% | Upgrade |
Basic Shares Outstanding | 229 | 225 | 224 | 222 | 109 | 94 | Upgrade |
Diluted Shares Outstanding | 229 | 226 | 224 | 223 | 110 | 95 | Upgrade |
Shares Change (YoY) | 2.14% | 0.52% | 0.58% | 103.15% | 15.99% | 4.72% | Upgrade |
EPS (Basic) | 0.12 | 0.17 | -0.08 | 0.53 | 0.41 | 0.16 | Upgrade |
EPS (Diluted) | 0.12 | 0.17 | -0.08 | 0.53 | 0.41 | 0.16 | Upgrade |
EPS Growth | - | - | - | 28.84% | 160.03% | -69.08% | Upgrade |
Dividend Per Share | 0.650 | 0.640 | 0.620 | 0.540 | 0.480 | 0.540 | Upgrade |
Dividend Growth | 1.56% | 3.23% | 14.82% | 12.50% | -11.11% | -25.00% | Upgrade |
Operating Margin | 19.31% | 20.27% | 21.84% | 14.52% | 20.76% | 21.07% | Upgrade |
Profit Margin | 4.30% | 6.14% | -2.62% | 18.72% | 17.82% | 6.97% | Upgrade |
EBITDA | 339.51 | 350.63 | 362.32 | 343.79 | 128.85 | 105.34 | Upgrade |
EBITDA Margin | 52.60% | 54.75% | 55.19% | 54.89% | 51.49% | 49.71% | Upgrade |
D&A For Ebitda | 214.87 | 220.85 | 218.97 | 252.85 | 76.91 | 60.69 | Upgrade |
EBIT | 124.64 | 129.77 | 143.35 | 90.94 | 51.94 | 44.65 | Upgrade |
EBIT Margin | 19.31% | 20.27% | 21.84% | 14.52% | 20.76% | 21.07% | Upgrade |
Funds From Operations (FFO) | 280.57 | 272.79 | 270.47 | 263.18 | 31.74 | - | Upgrade |
FFO Per Share | 1.20 | 1.18 | 1.17 | 1.15 | 0.29 | - | Upgrade |
Adjusted Funds From Operations (AFFO) | - | 272.79 | 270.47 | 263.18 | 31.74 | - | Upgrade |
AFFO Per Share | - | 1.18 | 1.17 | 1.15 | 0.29 | - | Upgrade |
FFO Payout Ratio | - | 52.80% | 49.87% | 40.21% | 157.01% | - | Upgrade |
Revenue as Reported | 644.53 | 640.04 | 660.98 | 628.53 | 250.25 | 211.91 | Upgrade |
Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.