Independence Realty Trust, Inc. (IRT) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments369109102138
Cash and cash equivalents369109102138
Restricted cash and investments30557565
Total current assets:66141416152644
Noncurrent Assets
Property, plant and equipment   1,6601,5041,2491,372
Long-term investments and receivables25      
Long-term investments25      
Intangible assets, net (including goodwill)53101104
Intangible assets, net (excluding goodwill)53101104
Total noncurrent assets:78101,6611,5051,2491,376
Other undisclosed assets6,3631,7201,649(18)(69)18(27)
TOTAL ASSETS:6,5071,7351,6641,6591,4511,2941,392
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities      1
Interest and dividends payable      1
Total current liabilities:      1
Noncurrent Liabilities
Other undisclosed liabilities2,8651,0221,0441,0298057661,001
Total liabilities:2,8651,0221,0441,0298057661,002
Stockholders' equity
Stockholders' equity attributable to parent3,481708613623624507364
Common stock2111110
Additional paid in capital3,679920766742704565378
Accumulated other comprehensive income (loss)(12)(34)(12)254(0)
Accumulated deficit(188)(179)(142)(122)(85)(62)(15)
Stockholders' equity attributable to noncontrolling interest161567222226
Total stockholders' equity:3,642713620630646529390
TOTAL LIABILITIES AND EQUITY:6,5071,7351,6641,6591,4511,2941,392

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues250212203191161153110
Revenue, net1601434
Operating leases, income statement, lease revenue171
Cost of revenue(103)(91)(123)(87)(88)(106)(52)
Cost of goods and services sold(103)(91)(8)(7)(71)(75)(6)
Gross profit:14712081105734857
Operating expenses(107)(85)(30)(53)(28)(8)(47)
Operating income:40355052454010
Nonoperating income   00165
Investment income, nonoperating     165
Other nonoperating income   00  
Interest and debt expense(47)(36)(39)(36)(29)(37)(24)
Income (loss) before gain (loss) on sale of properties:(6)(1)111616451
Other undisclosed net income (loss)5216351115(13)(21)
Net income (loss):4615462731(10)30
Net loss attributable to noncontrolling interest(1)(0)(0)(0)(1)(0)(2)
Net income (loss) available to common stockholders, diluted:4515462630(10)28

Comprehensive Income ($ in millions)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):4615462731(10)30
Other comprehensive income (loss)22(22)(14)(3)14(0)
Comprehensive income (loss):67(7)322432(6)30
Comprehensive loss, net of tax, attributable to noncontrolling interest(1)(0)(0)(0)(1)(0)(2)
Comprehensive income (loss), net of tax, attributable to parent:66(7)322431(6)28

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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