Independence Realty Trust, Inc. (IRT)

Independence Realty Trust Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Jun 30, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Rental Revenue	643.27	638.91	659.84	627.41	249.49	211.17
Other Revenue	2.13	1.47	-3.35	-1.06	0.76	0.74
Total Revenue	645.4	640.38	656.5	626.36	250.25	211.91
Revenue Growth (YoY	-0.47%	-2.45%	4.81%	150.29%	18.10%	4.27%
Property Expenses	264.37	265.51	271.41	256.31	102.79	91.47
Selling, General & Administrative	24.87	24.25	22.77	26.26	18.61	15.1
Depreciation & Amortization	231.53	220.85	218.97	252.85	76.91	60.69
Total Operating Expenses	520.77	510.61	513.15	535.42	198.31	167.25
Operating Income	124.64	129.77	143.35	90.94	51.94	44.65
Interest Expense	-76.2	-76.14	-89.92	-86.96	-36.4	-36.49
Other Non-Operating Income	-0.1	-0	-0.43	1.56	-	-
EBT Excluding Unusual Items	48.34	53.63	53	5.54	15.54	8.16
Merger & Restructuring Charges	-	-	-	-5.51	-47.06	-
Gain (Loss) on Sale of Assets	-33.85	-9.86	-66.55	111.76	87.67	7.55
Total Insurance Settlements	-	-	-	8.87	-	-
Other Unusual Items	-1.38	-3.74	-1.05	-	-10.62	-0.84
Pretax Income	28.22	40.03	-17.81	120.66	45.53	14.88
Earnings From Continuing Operations	28.22	40.03	-17.81	120.66	45.53	14.88
Minority Interest in Earnings	-0.46	-0.74	0.58	-3.41	-0.94	-0.11
Net Income	27.76	39.29	-17.23	117.25	44.59	14.77
Net Income to Common	27.76	39.29	-17.23	117.25	44.59	14.77
Net Income Growth	-	-	-	162.96%	201.93%	-67.82%
Basic Shares Outstanding	229	225	224	222	109	94
Diluted Shares Outstanding	229	226	224	223	110	95
Shares Change (YoY)	2.14%	0.52%	0.58%	103.15%	15.99%	4.72%
EPS (Basic)	0.12	0.17	-0.08	0.53	0.41	0.16
EPS (Diluted)	0.12	0.17	-0.08	0.53	0.41	0.16
EPS Growth	-	-	-	28.84%	160.03%	-69.08%
Dividend Per Share	0.650	0.640	0.620	0.540	0.480	0.540
Dividend Growth	1.56%	3.23%	14.82%	12.50%	-11.11%	-25.00%
Operating Margin	19.31%	20.27%	21.84%	14.52%	20.76%	21.07%
Profit Margin	4.30%	6.14%	-2.62%	18.72%	17.82%	6.97%
EBITDA	356.16	350.63	362.32	343.79	128.85	105.34
EBITDA Margin	55.18%	54.75%	55.19%	54.89%	51.49%	49.71%
D&A For Ebitda	231.53	220.85	218.97	252.85	76.91	60.69
EBIT	124.64	129.77	143.35	90.94	51.94	44.65
EBIT Margin	19.31%	20.27%	21.84%	14.52%	20.76%	21.07%
Funds From Operations (FFO)	280.57	272.79	270.47	263.18	31.74	-
FFO Per Share	1.20	1.18	1.17	1.15	0.29	-
Adjusted Funds From Operations (AFFO)	-	272.79	270.47	263.18	31.74	-
AFFO Per Share	-	1.18	1.17	1.15	0.29	-
FFO Payout Ratio	52.05%	52.80%	49.87%	40.21%	157.01%	-
Revenue as Reported	644.53	640.04	660.98	628.53	250.25	211.91

Updated Jul 30, 2025. Source: S&P Global Market Intelligence. Real Estate template. Financial Sources.

SEC Filings: 10-K · 10-Q