Independence Realty Trust, Inc. (IRT)

Independence Realty Trust Cash Flow 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
Net Income	27.76	39.29	-17.23	117.25	44.59	14.77
Depreciation & Amortization	231.53	220.85	218.97	252.85	76.91	60.69
Other Amortization	3.23	2.8	3.29	3.73	1.64	1.45
Gain (Loss) on Sale of Assets	8.88	-	-	-	-	-7.55
Asset Writedown	9.86	9.86	66.55	-111.76	-87.67	-
Stock-Based Compensation	7.62	7.08	7.66	7.89	7.23	5.56
Income (Loss) on Equity Investments	-0.88	-0.35	4.49	2.17	-	-
Change in Accounts Payable	2.12	-7.09	-3.23	-2.5	-3.63	0.75
Change in Other Net Operating Assets	-10.14	-8.46	-10.54	-3.86	0.86	-2.73
Other Operating Activities	-4.7	-4.23	-7.79	-16.24	12.33	2.02
Operating Cash Flow	275.29	259.75	262.17	249.54	52.26	74.96
Operating Cash Flow Growth	5.05%	-0.92%	5.06%	377.52%	-30.29%	-0.06%
Acquisition of Real Estate Assets	-455.6	-413.62	-212.85	-347.52	-182.49	-182.68
Sale of Real Estate Assets	179.48	390.88	230.79	253.56	177.49	58.14
Net Sale / Acq. of Real Estate Assets	-276.12	-22.74	17.94	-93.96	-5	-124.54
Cash Acquisition	-	-	2.15	-	-186.12	-
Investment in Marketable & Equity Securities	-15.7	-2.58	-26	-57.39	-25	-
Other Investing Activities	-1.69	4.72	4.21	15.58	-	-
Investing Cash Flow	-293.5	-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)	12.53	-204.79	-109.94	-64.39	-20.68	-41.28
Issuance of Common Stock	161.19	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	-146.03	-144.02	-134.87	-105.83	-49.83	-56.15
Other Financing Activities	-10.86	-6.32	-4.2	-7.89	-27.66	-0.53
Net Cash Flow	-4.87	-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	118.35	325.46	-139.33	229.96	56.89	30.72
Unlevered Free Cash Flow	162.75	370.25	-86.42	280.58	78	52.07
Change in Working Capital	-8.02	-15.55	-13.77	-6.36	-2.77	-1.97

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

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