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INDEPENDENCE REALTY TRUST, INC. (IRT)

For the quarter ending 2025-06-30, IRT made $162,188K in revenue. $8,046K in net income. Net profit margin of 4.96%.

Overview

Revenue
$162,188K
Net Income
$8,046K
Net Profit Margin
4.96%
EPS
$0.03
Unit: Thousand (K) dollars
Revenue Breakdown
    • Rental and other property revenu...
    • Other revenue-Product And Servic...

Unit: Thousand (K) dollars (except for numbers of shares and EPS)
2025-06-30
2025-03-31
2024-09-30
2024-06-30
Total revenue162,188 161,243 160,135 158,402
Other loss- -103 - -
Interest expense18,773 19,348 18,308 17,460
Loss from investments in unconsolidated real estate entities-562 -590 -703 -850
(loss on impairment) gain on sale of real estate assets, net- 1,496 688 -152
(loss) gain on extinguishment of debt- -67 - -
Property operating expenses- - 60,538 60,883
Casualty losses- - -1,249 -465
Casualty losses255 -115 - -
General and administrative expenses5,982 8,406 4,765 6,244
Depreciation and amortization expense59,794 58,725 55,261 54,127
Property management expenses7,715 7,826 7,379 7,666
Property operating expenses60,935 59,263 - -
Total expenses134,681 134,105 129,192 129,385
Restructuring costs- - - -
Net income8,172 8,526 12,620 10,555
Income allocated to noncontrolling interest126 172 255 201
Net income allocable to common shares8,046 8,354 12,365 10,354
Basic (in dollars per share)0.03 0.04 0.05 0.05
Basic (in shares)233,496,633 230,723,583 224,820,656 224,793,229
Diluted (in dollars per share)0.03 0.04 0.05 0.05
Diluted (in shares)234,131,752 231,828,484 226,058,400 225,418,825
Unit: Thousand (K) dollars (except for numbers of shares and EPS)

Income Statement

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Rental and otherproperty revenue$161,891K Otherrevenue-Product And Service...$297K Total revenue$162,188K (2.39%↑ Y/Y)Net income$8,172K (-22.58%↓ Y/Y)Total expenses$134,681K (4.09%↑ Y/Y)Loss frominvestments in...-$562K (33.88%↑ Y/Y)Interest expense$18,773K (7.52%↑ Y/Y)Net incomeallocable to common shares$8,046K (-22.29%↓ Y/Y)Income allocated tononcontrolling interest$126K (-37.31%↓ Y/Y)Property operatingexpenses$60,935K Property managementexpenses$7,715K (0.64%↑ Y/Y)Depreciation andamortization expense$59,794K (10.47%↑ Y/Y)General andadministrative expenses$5,982K (-4.20%↓ Y/Y)Casualty losses$255K