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Independence Realty Trust (IRT)

NYSE Real Estate Multi-Family Residential REITs S&P MidCap 400
$15.00
-0.32 (-2.09%)
Close of Nov 06, 2026 · end-of-day data
Source: Independence Realty Trust's 10-K / 10-Q XBRL data on SEC EDGAR · fetched Nov 04, 2026

Revenue, net income & free cash flow

Income statement

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Revenue$153.39M$161.22M$191.23M$203.22M$211.91M$250.25M$628.52M$660.98M$640.03M$657.70M
Cost of revenue$4.85M$6.01M$6.96M$7.73M——————
Gross profit$148.54M$155.21M$184.27M$195.50M——————
Operating income$39.66M$45.42M$51.82M———————
Interest expense$35.53M$28.70M$36.01M$39.23M$36.49M$36.40M$86.95M$89.92M$76.14M$79.00M
Income tax$0$0$0$0$0$0$0$0$0$0
Net income-$9.80M$30.21M$26.29M$45.90M$14.77M$44.59M$117.25M-$17.23M$39.29M$56.56M
EBITDA$74.49M$79.63M$97.04M———————
EPS (basic)$-0.19$0.41$0.30$0.51$0.16$0.41$0.53$-0.08$0.17$0.24
EPS (diluted)$-0.19$0.41$0.30$0.51$0.16$0.41$0.53$-0.08$0.17$0.24
Diluted shares52.18M73.60M87.38M90.42M94.69M109.83M223.12M224.41M225.58M234.75M
Gross margin96.8%96.3%96.4%96.2%——————
Operating margin25.9%28.2%27.1%———————
Net margin-6.4%18.7%13.7%22.6%7.0%17.8%18.7%-2.6%6.1%8.6%

Balance sheet

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Cash & equivalents$20.89M$9.32M$9.32M$9.89M$8.75M$35.97M$16.08M$22.85M$21.23M$23.56M
Total assets$1.29B$1.45B$1.66B$1.66B$1.73B$6.51B$6.53B$6.28B$6.06B$6.02B
Long-term debt$743.82M$778.44M$985.49M$985.57M$945.69M$2.71B$2.63B$2.55B$2.33B$2.28B
Total debt$743.82M$778.44M$985.49M$985.57M$945.69M$2.71B$2.63B$2.55B$2.33B$2.28B
Total liabilities$765.55M$804.50M$1.03B$1.04B$1.02B$2.86B$2.79B$2.71B$2.48B$2.43B
Shareholders' equity$506.82M$624.10M$623.00M$613.28M$708.06M$3.48B$3.60B$3.43B$3.44B$3.46B

Cash flow

fiscal years · USD
Fiscal yearFY2016FY2017FY2018FY2019FY2020FY2021FY2022FY2023FY2024FY2025
Operating cash flow-$7.53M$54.32M$68.53M$75.00M$74.96M$52.26M$249.54M$262.17M$259.75M$282.15M
Capital expenditures$10.66M$14.37M$599.00K$249.00K$84.00K$177.00K————
Free cash flow-$18.20M$39.95M$67.93M$74.75M$74.88M$52.08M$249.54M$262.17M$259.75M$282.15M
Investing cash flow$27.88M-$191.71M-$229.46M-$106.40M-$124.54M-$216.12M-$135.77M-$1.71M-$20.61M-$142.91M
Financing cash flow-$37.66M$125.59M$162.35M$29.78M$48.76M$215.92M-$135.43M-$253.74M-$246.43M-$135.07M
Dividends paid$36.58M$52.30M$52.48M$64.75M$56.15M$49.83M$105.83M$134.87M$144.02M$154.39M
Share buybacks$62.16M——————$0$0$30.00M
Stock-based compensation$1.22M$1.97M$2.52M$3.12M$5.56M$7.23M$7.89M$7.66M$7.08M$7.88M
Depreciation & amortization$34.82M$34.20M$45.22M$52.81M$60.69M$76.91M$252.85M$218.97M$220.85M$243.24M

Quarterly figures are rebuilt from the year-to-date totals companies report — Q4 is the full year minus the first nine months, since no 10-Q is filed for it. Values are as filed; later restatements replace earlier ones. Fiscal years are labelled by the calendar year in which they end.