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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments910910213815
Cash and cash equivalents910910213815
Restricted cash and investments5575655
Total current assets:14141615264420
Noncurrent Assets
Property, plant and equipment  1,6601,5041,2491,372689
Intangible assets, net (including goodwill)1011043
Intangible assets, net (excluding goodwill)1011043
Total noncurrent assets:101,6611,5051,2491,376692
Other undisclosed assets1,7201,649(18)(69)18(27)(18)
TOTAL ASSETS:1,7351,6641,6591,4511,2941,392694
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities     10
Interest and dividends payable     10
Total current liabilities:     10
Noncurrent Liabilities
Other undisclosed liabilities1,0221,0441,0298057661,001431
Total liabilities:1,0221,0441,0298057661,002431
Stockholders' equity
Stockholders' equity attributable to parent708613623624507364251
Common stock1111100
Additional paid in capital920766742704565378268
Accumulated other comprehensive income (loss)(34)(12)254(0) 
Accumulated deficit(179)(142)(122)(85)(62)(15)(17)
Stockholders' equity attributable to noncontrolling interest56722222612
Total stockholders' equity:713620630646529390263
TOTAL LIABILITIES AND EQUITY:1,7351,6641,6591,4511,2941,392694

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues21220319116115311049
Revenue, net160143445
Operating leases, income statement, lease revenue171
Cost of revenue(91)(123)(87)(88)(106)(52)(19)
Cost of goods and services sold(91)(8)(7)(71)(75)(6)(2)
Gross profit:1208110573485730
Operating expenses(85)(30)(53)(28)(8)(47)(22)
Operating income:3550524540109
Nonoperating income  001650
Investment income, nonoperating    1650
Other nonoperating income  00   
Interest and debt expense(36)(39)(36)(29)(37)(24)(8)
Income (loss) before gain (loss) on sale of properties:(1)1116164510
Other undisclosed net income (loss)16351115(13)(21)3
Net income (loss):15462731(10)303
Net loss attributable to noncontrolling interest(0)(0)(0)(1)(0)(2)(0)
Net income (loss) available to common stockholders, diluted:15462630(10)283

Comprehensive Income ($ in millions)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):15462731(10)303
Other comprehensive income (loss)(22)(14)(3)14(0) 
Comprehensive income (loss):(7)322432(6)303
Comprehensive loss, net of tax, attributable to noncontrolling interest(0)(0)(0)(1)(0)(2)(0)
Comprehensive income (loss), net of tax, attributable to parent:(7)322431(6)283

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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