Independence Realty Trust Inc. (IRT) Financial Statements (2025 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)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments21,03421,27522,85217,21614,34912,448
Cash and cash equivalents21,03421,27522,85217,21614,34912,448
Restricted cash and investments26,36420,62527,88031,77228,16322,385
Total current assets:47,39841,90050,73248,98842,51234,833
Noncurrent Assets
Long-term investments and receivables90,34789,48789,04487,59299,96892,882
Long-term investments90,34789,48789,04487,59299,96892,882
Intangible assets, net (including goodwill)  66265  
Intangible assets, net (excluding goodwill)  66265  
Total noncurrent assets:90,34789,48789,11087,85799,96892,882
Other undisclosed assets5,802,5165,841,4616,140,3336,440,9456,374,9206,366,032
TOTAL ASSETS:5,940,2615,972,8486,280,1756,577,7906,517,4006,493,747
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Noncurrent Liabilities
Other undisclosed liabilities2,406,7212,413,7452,712,9812,910,0342,822,4832,788,812
Total liabilities:2,406,7212,413,7452,712,9812,910,0342,822,4832,788,812
Equity
Equity, attributable to parent3,398,7603,423,5703,431,2973,529,1763,555,9373,565,646
Common stock2,2512,2512,2472,2472,2472,246
Additional paid in capital3,754,7563,753,8333,751,9423,751,0013,754,8393,753,074
Accumulated other comprehensive income34,38034,50125,51347,91038,82325,101
Accumulated deficit(392,627)(367,015)(348,405)(271,982)(239,972)(214,775)
Equity, attributable to noncontrolling interest134,780135,533135,897138,580138,980139,289
Total equity:3,533,5403,559,1033,567,1943,667,7563,694,9173,704,935
TOTAL LIABILITIES AND EQUITY:5,940,2615,972,8486,280,1756,577,7906,517,4006,493,747

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

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Revenues158,402160,534167,046168,607163,955161,374
Cost of revenue(69,014)(69,771)(66,422)(70,567)(69,569)(65,777)
Cost of goods and services sold(68,549)(67,470)(66,363)(70,532)(68,889)(65,626)
Gross profit:89,38890,763100,62498,04094,38695,597
Operating expenses(60,371)(62,102)(60,944)(59,206)(59,894)(61,690)
Operating income:29,01728,66139,68038,83434,49233,907
Nonoperating income (expense)
(Other Nonoperating Income (Expense))
  (1)(79)(369)(72)93
Interest and debt expense(17,460)(20,400)(23,662)(22,033)(22,227)(22,124)
Income from continuing operations before equity method investments, income taxes:11,5578,26015,93916,43212,19311,876
Loss from equity method investments(850)(829)(1,330)(1,178)(1,205)(776)
Income from continuing operations:10,7077,43114,60915,25410,98811,100
Other undisclosed net income (loss)(152)10,530(56,263)(11,268) (2,228)
Net income (loss):10,55517,961(41,654)3,98610,9888,872
Net income (loss) attributable to noncontrolling interest(201)(384)1,139(56)(279)(224)
Net income (loss) available to common stockholders, diluted:10,35417,577(40,515)3,93010,7098,648

Comprehensive Income ($ in thousands)

9/30/2024
Q3
6/30/2024
Q2
3/31/2024
Q1
12/31/2023
Q4
9/30/2023
Q3
6/30/2023
Q2
3/31/2023
Q1
Net income (loss):10,55517,961(41,654)3,98610,9888,872
Other comprehensive income (loss)(124)9,224(22,990)9,32814,085(10,290)
Comprehensive income (loss):10,43127,185(64,644)13,31425,073(1,418)
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(198)(620)1,595(297)(642)65
Comprehensive income (loss), net of tax, attributable to parent:10,23326,565(63,049)13,01724,431(1,353)

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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