| Cash Flow | 2025-09-30 | 2025-06-30 |
|---|---|---|
| Net income | 23,693 | 16,698 |
| Depreciation and amortization | 180,256 | 118,521 |
| Accretion of loan discounts and premiums, net | 6,015 | 4,014 |
| Amortization of deferred financing costs, net | 2,727 | 1,809 |
| Stock compensation expense | 6,826 | 5,797 |
| Loss on impairment (gain on sale) of real estate assets, net | -11,344 | 1,496 |
| Loss (gain) on extinguishment of debt | -67 | -67 |
| Amortization related to derivative instruments | -750 | -506 |
| Non-cash casualty losses | -537 | -400 |
| Equity in (income) loss from investments in unconsolidated real estate entities | 8,663 | -1,151 |
| Other non-cash loss | -103 | -103 |
| Other assets | 9,910 | -3,077 |
| Accounts payable and accrued expenses | 19,275 | 1,379 |
| Accrued interest payable | 1,635 | -815 |
| Other liabilities | -666 | -569 |
| Cash flow provided by operating activities | 221,959 | 142,614 |
| Acquisition of real estate properties | 152,748 | 58,637 |
| Investments in unconsolidated real estate entities | 24,412 | 16,096 |
| Return of investment in unconsolidated real estate entities | 31,085 | - |
| Proceeds from dispositions of real estate properties, net | 109,204 | 109,203 |
| Capital expenditures | 101,373 | 53,677 |
| Real estate development expenditures | 16,270 | 12,242 |
| Escrow deposits for pending real estate acquisitions | - | 3,818 |
| Proceeds from insurance claims | 1,539 | 925 |
| Cash flow (used in) provided by investing activities | -152,975 | -34,342 |
| Proceeds (costs) from issuance of common stock, net | 150,713 | 49,883 |
| Proceeds from unsecured revolver | 398,416 | 243,414 |
| Unsecured revolver and secured credit facility repayments | 386,845 | 223,000 |
| Mortgage principal repayments and payoffs | 97,406 | 94,423 |
| Payment for deferred financing costs | 6,223 | 5,636 |
| Distributions on common stock | 113,801 | 74,113 |
| Distributions to noncontrolling interests | 2,912 | 1,902 |
| Payment for debt extinguishment | 0 | 1 |
| Repurchase of shares related to equity award tax withholding | 3,449 | 3,420 |
| Cash flow used in financing activities | -61,507 | -109,198 |
| Net change in cash and cash equivalents, and restricted cash | 7,477 | -926 |
| Cash and cash equivalents at beginning of period | 43,452 | - |
| Cash and cash equivalents at end of period | 50,929 | - |
INDEPENDENCE REALTY TRUST, INC. (IRT)
INDEPENDENCE REALTY TRUST, INC. (IRT)