Independence Realty Trust, Inc. (IRT) financial statements (2021 and earlier)

Company profile

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

Balance sheet (Statement of financial position) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments109102138153
Cash and cash equivalents109102138153
Restricted cash and investments5756551
Receivables      2
Total current assets:1416152644206
Noncurrent Assets
Property, plant and equipment 1,6601,5041,2491,372689187
Intangible assets, net (including goodwill)0110431
Intangible assets, net (excluding goodwill)0110431
Total noncurrent assets:01,6611,5051,2491,376692188
Other undisclosed assets1,649(18)(69)18(27)(18)(12)
TOTAL ASSETS:1,6641,6591,4511,2941,392694182
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities    100
Interest and dividends payable    100
Total current liabilities:    100
Noncurrent Liabilities
Other undisclosed liabilities1,0441,0298057661,001431107
Total liabilities:1,0441,0298057661,002431107
Stockholders' equity
Stockholders' equity attributable to parent61362362450736425175
Common stock1111000
Additional paid in capital76674270456537826878
Accumulated other comprehensive income (loss)(12)254(0)  
Accumulated deficit(142)(122)(85)(62)(15)(17)(3)
Stockholders' equity attributable to noncontrolling interest6722222612 
Total stockholders' equity:62063064652939026375
TOTAL LIABILITIES AND EQUITY:1,6641,6591,4511,2941,392694182

Income statement (P&L) ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues2031911611531104920
Revenue, net16014344518
Operating leases, income statement, lease revenue171
Cost of revenue(123)(87)(88)(106)(52)(19)(5)
Cost of goods and services sold(8)(7)(71)(75)(6)(2)(0)
Gross profit:811057348573015
Operating expenses(30)(53)(28)(8)(47)(22)(10)
Operating income:505245401095
Nonoperating income 001650 
Investment income, nonoperating   1650 
Other nonoperating income 00    
Interest and debt expense(39)(36)(29)(37)(24)(8)(4)
Income before gain (loss) on sale of properties:11161645101
Other undisclosed net income (loss)351115(13)(21)3 
Net income (loss):462731(10)3031
Net loss attributable to noncontrolling interest(0)(0)(1)(0)(2)(0)(1)
Other undisclosed net loss attributable to parent      (0)
Net income (loss) available to common stockholders, diluted:462630(10)2831

Comprehensive Income ($ in millions)

12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss):462731(10)3031
Other comprehensive income (loss)(14)(3)14(0)  
Comprehensive income (loss):322432(6)3031
Comprehensive income (loss), net of tax, attributable to noncontrolling interest(0)(0)(1)(0)(2)(0)1
Other undisclosed comprehensive loss, net of tax, attributable to parent      (1)
Comprehensive income (loss), net of tax, attributable to parent:322431(6)2831

Statements sources

The financial statements are based on the company's filings with the 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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