Independence Realty Trust Inc. (IRT) Financial Statements (2026 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)Annual | Quarterly
| 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 23,290 | 19,491 | 29,055 | 21,228 | 17,611 | 21,034 | |||
| Cash and cash equivalent | 23,290 | 19,491 | 29,055 | 21,228 | 17,611 | 21,034 | |||
| Restricted cash and investments | 22,224 | 30,632 | 26,364 | ||||||
| Total current assets: | 23,290 | 19,491 | 29,055 | 43,452 | 48,243 | 47,398 | |||
| Noncurrent Assets | |||||||||
| Operating lease, right-of-use asset | 2,924 | 1,923 | 2,023 | ||||||
| Inventory, real estate | 279,882 | 347,756 | 344,057 | ||||||
| Long-term investments and receivables | 91,975 | 95,393 | 90,347 | ||||||
| Long-term investments | 91,975 | 95,393 | 90,347 | ||||||
| Intangible asset, including goodwill, after accumulated amortization | 5,453 | 1,644 | 3,620 | 3,644 | 1,158 | ||||
| Intangible asset, excluding goodwill, after accumulated amortization | 5,453 | 1,644 | 3,620 | 3,644 | 1,158 | ||||
| Total noncurrent assets: | 288,259 | 351,323 | 349,700 | 95,619 | 96,551 | 90,347 | |||
| Other undisclosed assets | 5,781,043 | 5,591,812 | 5,604,739 | 5,918,848 | 5,803,410 | 5,802,516 | |||
| TOTAL ASSETS: | 6,092,592 | 5,962,626 | 5,983,494 | 6,057,919 | 5,948,204 | 5,940,261 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Noncurrent Liabilities | |||||||||
| Other undisclosed liabilities | 2,477,332 | 2,411,666 | 2,396,315 | 2,482,845 | 2,459,489 | 2,406,721 | |||
| Total liabilities: | 2,477,332 | 2,411,666 | 2,396,315 | 2,482,845 | 2,459,489 | 2,406,721 | |||
| Equity | |||||||||
| Equity, attributable to parent | 3,485,476 | 3,420,189 | 3,455,390 | 3,442,275 | 3,355,173 | 3,398,760 | |||
| Common stock | 2,391 | 2,338 | 2,337 | 2,308 | 2,250 | 2,251 | |||
| Additional paid in capital | 4,022,309 | 3,920,436 | 3,918,718 | 3,868,006 | 3,755,311 | 3,754,756 | |||
| Accumulated other comprehensive income | 9,095 | 12,038 | 17,308 | 26,065 | 13,835 | 34,380 | |||
| Accumulated deficit | (548,319) | (514,623) | (482,973) | (454,104) | (416,223) | (392,627) | |||
| Equity, attributable to noncontrolling interest | 129,784 | 130,771 | 131,789 | 132,799 | 133,542 | 134,780 | |||
| Total equity: | 3,615,260 | 3,550,960 | 3,587,179 | 3,575,074 | 3,488,715 | 3,533,540 | |||
| TOTAL LIABILITIES AND EQUITY: | 6,092,592 | 5,962,626 | 5,983,494 | 6,057,919 | 5,948,204 | 5,940,261 | |||
Income Statement (P&L) ($ in thousands)Annual | Quarterly
| 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues | 167,138 | 162,188 | 161,243 | 160,963 | 160,135 | 158,402 | ||
| Operating lease, lease income | 161,891 | 160,905 | ||||||
| Cost of revenue | (70,009) | (68,905) | (66,974) | (61,494) | (69,166) | (69,014) | ||
| Cost of product and service sold | (7,891) | (7,715) | (7,826) | (31,651) | (67,917) | (68,549) | ||
| Gross profit: | 97,129 | 93,283 | 94,269 | 99,469 | 90,969 | 89,388 | ||
| Operating expenses | (66,640) | (65,776) | (67,131) | (62,598) | (60,026) | (60,371) | ||
| Operating income: | 30,489 | 27,507 | 27,138 | 36,871 | 30,943 | 29,017 | ||
| Nonoperating income (expense) | (431) | (255) | 12 | |||||
| Other nonoperating expense | (12) | (103) | ||||||
| Unusual or infrequent item, or both, net (gain) loss | (419) | (255) | 115 | |||||
| Interest and debt expense | (20,455) | (18,773) | (19,415) | (19,773) | (18,308) | (17,460) | ||
| Income from continuing operations before equity method investments, income taxes: | 9,603 | 8,479 | 7,735 | 17,098 | 12,635 | 11,557 | ||
| Income (loss) from equity method investments | 9,814 | (562) | (590) | 2,729 | (703) | (850) | ||
| Income from continuing operations: | 19,417 | 7,917 | 7,145 | 19,827 | 11,932 | 10,707 | ||
| Other undisclosed net income (loss) | (12,422) | 255 | 1,381 | (20,928) | 688 | (152) | ||
| Net income (loss): | 6,995 | 8,172 | 8,526 | (1,101) | 12,620 | 10,555 | ||
| Net income (loss) attributable to noncontrolling interest | (102) | (126) | (172) | 98 | (255) | (201) | ||
| Net income (loss) available to common stockholders, diluted: | 6,893 | 8,046 | 8,354 | (1,003) | 12,365 | 10,354 | ||
Comprehensive Income ($ in thousands)Annual | Quarterly
| 12/31/2025 Q4 | 9/30/2025 Q3 | 6/30/2025 Q2 | 3/31/2025 Q1 | 12/31/2024 Q4 | 9/30/2024 Q3 | 6/30/2024 Q2 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | 6,995 | 8,172 | 8,526 | (1,101) | 12,620 | 10,555 | ||
| Other comprehensive income (loss) | (3,023) | (5,404) | (8,988) | 12,536 | (21,087) | (124) | ||
| Comprehensive income (loss): | 3,972 | 2,768 | (462) | 11,435 | (8,467) | 10,431 | ||
| Comprehensive income (loss), net of tax, attributable to noncontrolling interest | (22) | 8 | 59 | (208) | 287 | (198) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | 3,950 | 2,776 | (403) | 11,227 | (8,180) | 10,233 | ||
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.