Independence Realty Trust, Inc. (IRT) Financials

NYSE:IRT

Market Cap

3.50B

Total Revenue

628.52M

Gross Profit

372.22M

Operating Income

92.50M

Net Income

33.70M

Metric	2013	2014	2015	2016	2017	2018	2019	2020	2021	2022
revenue	19,943,000	49,203,000	109,576,000	153,388,000	161,216,000	191,232,000	203,223,000	211,906,000	250,252,000	628,525,000
costOfRevenue	9,429,000	23,427,000	49,955,000	67,995,000	70,722,000	83,326,000	87,294,000	91,472,000	102,791,000	256,308,000
grossProfit	10,514,000	25,776,000	59,621,000	85,393,000	90,494,000	107,906,000	115,929,000	120,434,000	147,461,000	372,217,000
researchAndDevelopmentExpenses	--	--	--	--	--	--	--	--	--	--
sellingAndMarketingExpenses	--	--	--	--	--	--	--	--	--	--
generalAndAdministrativeExpenses	920,000	2,873,000	7,790,000	10,864,000	9,526,000	10,817,000	12,745,000	15,095,000	18,610,000	26,260,000
sellingGeneralAndAdministrativeExpenses	920,000	2,873,000	7,790,000	10,864,000	9,526,000	10,817,000	12,745,000	15,095,000	18,610,000	26,260,000
operatingExpenses	5,333,000	15,393,000	35,884,000	45,688,000	43,727,000	56,038,000	65,560,000	75,782,000	95,519,000	279,109,000
operatingIncome	4,933,000	8,541,000	10,182,000	39,662,000	45,425,000	51,822,000	50,369,000	44,522,000	51,942,000	92,497,000
totalOtherIncomeExpensesNet	-248,000	1,040,000	29,953,000	-13,725,000	13,376,000	10,748,000	-4,015,000	-29,645,000	-6,413,000	28,162,000
ebitda	9,594,000	22,920,000	51,850,000	29,549,000	81,057,000	97,233,000	103,184,000	105,209,000	128,851,000	345,346,000
depreciationAndAmortization	4,413,000	12,520,000	28,094,000	34,824,000	34,201,000	45,221,000	52,815,000	60,687,000	76,909,000	252,849,000
interestIncome	--	17,000	19,000	-4,000	--	--	--	--	--	--
interestExpense	3,659,000	8,496,000	23,553,000	35,535,000	28,702,000	36,006,000	39,226,000	36,488,000	36,401,000	86,955,000
incomeBeforeTax	1,274,000	2,944,000	30,156,000	-9,555,000	31,441,000	26,610,000	46,354,000	14,877,000	45,529,000	120,659,000
incomeTaxExpense	649,000	4,000	1,914,000	246,000	1,235,000	322,000	39,684,000	36,467,000	37,341,000	86,955,000
netIncome	625,000	2,940,000	28,242,000	-9,801,000	30,206,000	26,288,000	6,670,000	-21,590,000	8,188,000	33,704,000
eps	0.12	0.14	0.78	-0.19	0.41	0.3	0.074	-0.23	0.075	0.15
epsdiluted	0.12	0.14	0.78	-0.19	0.41	0.3	0.074	-0.23	0.075	0.15
weightedAverageShsOut	5,330,814	21,315,928	36,153,673	52,182,427	73,338,219	87,086,585	89,799,238	93,660,086	108,552,185	221,965,460
weightedAverageShsOutDil	5,330,814	21,532,671	36,160,274	52,182,427	73,599,869	87,376,991	90,417,486	94,688,440	109,831,520	223,119,937
costAndExpenses	14,762,000	38,820,000	85,839,000	113,683,000	114,449,000	139,364,000	152,854,000	167,254,000	198,310,000	535,417,000
otherExpenses	4,413,000	12,520,000	28,094,000	-44,980,000	89,000	144,000	52,815,000	60,687,000	76,909,000	252,849,000

Key Facts

Industry

REIT—Residential

Sector

Real Estate

Headquarters

Philadelphia, PA, US

Website

irtliving.com

CEO

Mr. Scott F. Schaeffer

Employees

923

About the Company

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.