Independence Realty Trust Inc. (IRT) Financial Statements (2024 and earlier)

Company Profile

Business Address 1835 MARKET STREET
PHILADELPHIA, PA 19103
State of Incorp. MD
Fiscal Year End December 31
Industry (SIC) 6798 - Real Estate Investment Trusts (benchmarking)
More info Complete Financial Analysis Financial Benchmarking

Balance Sheet (Statement of Financial Position) ($ in thousands)

3/31/2024
MRQ
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments22,85216,08435,9728,7519,8889,316
Cash and cash equivalents22,85216,08435,9728,7519,8889,316
Restricted cash and investments27,88027,93329,6994,8644,5456,729
Total current assets:50,73244,01765,67113,61514,43316,045
Noncurrent Assets
Property, plant and equipment      1,660,423
Long-term investments and receivables89,04480,22024,999   
Long-term investments89,04480,22024,999   
Intangible assets, net (including goodwill) 6639953,269792410744
Intangible assets, net (excluding goodwill) 6639953,269792410744
Total noncurrent assets:89,11080,61978,2687924101,661,167
Other undisclosed assets6,140,3336,407,4596,362,7571,720,4901,649,263(17,876)
TOTAL ASSETS:6,280,1756,532,0956,506,6961,734,8971,664,1061,659,336
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,712,9812,794,2282,864,6201,022,1261,044,3491,029,291
Total liabilities:2,712,9812,794,2282,864,6201,022,1261,044,3491,029,291
Equity
Equity, attributable to parent3,431,2973,596,6643,480,761708,060613,279622,995
Common stock2,2472,2412,2081,018911892
Additional paid in capital3,751,9423,751,0563,678,903919,615765,992742,429
Accumulated other comprehensive income (loss)25,51335,102(11,940)(33,822)(12,099)2,016
Accumulated deficit(348,405)(191,735)(188,410)(178,751)(141,525)(122,342)
Equity, attributable to noncontrolling interest135,897141,203161,3154,7116,4787,050
Total equity:3,567,1943,737,8673,642,076712,771619,757630,045
TOTAL LIABILITIES AND EQUITY:6,280,1756,532,0956,506,6961,734,8971,664,1061,659,336

Income Statement (P&L) ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Revenues660,983628,525250,252211,906203,223191,232
Operating leases, income statement, lease revenue170,513
Cost of revenue(272,336)(256,308)(102,791)(91,472)(122,505)(86,645)
Cost of goods and services sold(271,411)(256,308)(102,791)(91,472)(7,726)(6,963)
Gross profit:388,647372,217147,461120,43480,718104,587
Operating expenses(241,734)(279,109)(107,048)(85,054)(30,349)(52,765)
Operating income:146,91393,10840,41335,38050,36951,822
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
(427)1,558   144
Interest and debt expense(90,045)(86,955)(46,662)(36,488)(39,226)(36,006)
Income (loss) from continuing operations before equity method investments, income taxes:56,4417,711(6,249)(1,108)11,14315,960
Loss from equity method investments(4,488)(2,169)    
Income (loss) from continuing operations:51,9535,542(6,249)(1,108)11,14315,960
Income (loss) before gain (loss) on sale of properties:(6,249)(1,108)11,14315,960
Other undisclosed net income (loss)(69,760)115,11751,77815,98535,21110,650
Net income (loss):(17,807)120,65945,52914,87746,35426,610
Net income (loss) attributable to noncontrolling interest580(3,410)(940)(109)(458)(322)
Net income (loss) available to common stockholders, diluted:(17,227)117,24944,58914,76845,89626,288

Comprehensive Income ($ in thousands)

3/31/2024
TTM
12/31/2023
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
Net income (loss):(17,807)120,65945,52914,87746,35426,610
Other comprehensive income (loss)(9,868)48,37521,617(21,824)(14,432)(2,754)
Comprehensive income (loss):(27,675)169,03467,146(6,947)31,92223,856
Comprehensive income (loss), net of tax, attributable to noncontrolling interest722(4,743)(675)(8)(141)(178)
Comprehensive income (loss), net of tax, attributable to parent:(26,953)164,29166,471(6,955)31,78123,678

Statements Sources

The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.

Login to ReadyRatios

 

Have you forgotten your password?

Are you a new user?

Login As
You can log in if you are registered at one of these services: