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)

9/30/2023
MRQ
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments16,08435,9728,7519,8889,3169,985
Cash and cash equivalents16,08435,9728,7519,8889,3169,985
Restricted cash and investments27,93329,6994,8644,5456,7294,634
Total current assets:44,01765,67113,61514,43316,04514,619
Noncurrent Assets
Property, plant and equipment     1,660,4231,504,156
Long-term investments and receivables80,22024,999    
Long-term investments80,22024,999    
Intangible assets, net (including goodwill)39953,2697924107441,099
Intangible assets, net (excluding goodwill)39953,2697924107441,099
Total noncurrent assets:80,61978,2687924101,661,1671,505,255
Other undisclosed assets6,407,4596,362,7571,720,4901,649,263(17,876)(69,250)
TOTAL ASSETS:6,532,0956,506,6961,734,8971,664,1061,659,3361,450,624
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,794,2282,864,6201,022,1261,044,3491,029,291804,505
Total liabilities:2,794,2282,864,6201,022,1261,044,3491,029,291804,505
Equity
Equity, attributable to parent3,596,6643,480,761708,060613,279622,995624,100
Common stock2,2412,2081,018911892846
Additional paid in capital3,751,0563,678,903919,615765,992742,429703,849
Accumulated other comprehensive income (loss)35,102(11,940)(33,822)(12,099)2,0164,626
Accumulated deficit(191,735)(188,410)(178,751)(141,525)(122,342)(85,221)
Equity, attributable to noncontrolling interest141,203161,3154,7116,4787,05022,019
Total equity:3,737,8673,642,076712,771619,757630,045646,119
TOTAL LIABILITIES AND EQUITY:6,532,0956,506,6961,734,8971,664,1061,659,3361,450,624

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

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Revenues628,525250,252211,906203,223191,232161,216
Operating leases, income statement, lease revenue170,513
Revenue, net160,497
Cost of revenue(256,308)(102,791)(91,472)(122,505)(86,645)(88,213)
Cost of goods and services sold(256,308)(102,791)(91,472)(7,726)(6,963)(70,722)
Gross profit:372,217147,461120,43480,718104,58773,003
Operating expenses(279,109)(107,048)(85,054)(30,349)(52,765)(27,578)
Operating income:93,10840,41335,38050,36951,82245,425
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
1,558   14489
Interest and debt expense(86,955)(46,662)(36,488)(39,226)(36,006)(29,274)
Income (loss) from continuing operations before equity method investments, income taxes:7,711(6,249)(1,108)11,14315,96016,240
Loss from equity method investments(2,169)     
Income (loss) from continuing operations:5,542(6,249)(1,108)11,14315,96016,240
Income (loss) before gain (loss) on sale of properties:(6,249)(1,108)11,14315,96016,240
Other undisclosed net income115,11751,77815,98535,21110,65015,201
Net income:120,65945,52914,87746,35426,61031,441
Net loss attributable to noncontrolling interest(3,410)(940)(109)(458)(322)(1,235)
Net income available to common stockholders, diluted:117,24944,58914,76845,89626,28830,206

Comprehensive Income ($ in thousands)

9/30/2023
TTM
12/31/2022
12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
Net income:120,65945,52914,87746,35426,61031,441
Other comprehensive income (loss)48,37521,617(21,824)(14,432)(2,754)952
Comprehensive income (loss):169,03467,146(6,947)31,92223,85632,393
Comprehensive loss, net of tax, attributable to noncontrolling interest(4,743)(675)(8)(141)(178)(1,244)
Comprehensive income (loss), net of tax, attributable to parent:164,29166,471(6,955)31,78123,67831,149

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.

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