Independence Realty Trust financials
$14.83+0.88%
Close Sep 29, 2026 · split-adjustedRevenue
Net income
Income statement & cash flow
| Fiscal year | FY25 Dec 31 | FY24 Dec 31 | FY23 Dec 31 | FY22 Dec 31 | FY21 Dec 31 | FY20 Dec 31 | FY19 Dec 31 | FY18 Dec 31 | FY17 Dec 31 | FY16 Dec 31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $657.7M | $640.0M | $661.0M | $627.4M | $250.3M | $211.2M | $202.6M | $190.7M | $160.5M | $153.4M |
| Gross profit | $418.5M | $404.4M | $416.7M | $395.1M | $157.0M | $128.2M | $123.1M | $114.3M | $89.8M | $85.4M |
| Gross margin | 63.6% | 63.2% | 63.0% | 63.0% | 62.7% | 60.7% | 60.7% | 60.0% | 55.9% | 55.7% |
| Operating income | $119.9M | $125.5M | $143.7M | $100.9M | $51.6M | $43.1M | $49.8M | $51.3M | $44.7M | $39.7M |
| Net income | $56.6M | $39.3M | -$17.2M | $117.2M | $44.6M | $14.8M | $45.9M | $26.3M | $30.2M | -$9.8M |
| Net margin | 8.6% | 6.1% | −2.6% | 18.7% | 17.8% | 7.0% | 22.7% | 13.8% | 18.8% | −6.4% |
| Diluted EPS | $0.24 | $0.17 | $-0.08 | $0.53 | $0.41 | $0.16 | $0.51 | $0.30 | $0.41 | $-0.19 |
| EBITDA | $364.5M | $350.3M | $366.8M | $344.8M | $128.9M | $104.5M | $102.6M | $96.6M | $80.2M | $74.5M |
| Operating cash flow | $282.1M | $259.8M | $262.2M | $249.5M | $52.3M | $75.0M | $75.0M | $68.5M | $54.3M | -$7.5M |
| Free cash flow | $128.3M | $84.7M | $49.3M | $103.8M | $9.3M | $37.6M | $29.4M | $28.1M | $40.0M | -$18.2M |
| Diluted shares | 234.8M | 225.6M | 224.4M | 223.1M | 109.8M | 94.7M | 90.4M | 87.4M | 73.6M | 52.2M |
Balance sheet
| Period end | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 | Dec 31 |
|---|---|---|---|---|---|---|
| Cash & equivalents | $23.6M | $21.2M | $22.9M | $16.1M | $36.0M | $8.8M |
| Short-term investments | $0.00 | $0.00 | $0.00 | $0.00 | — | — |
| Total debt | $2.29B | $2.34B | $2.56B | $2.64B | $2.71B | $947.7M |
| Total assets | $6.02B | $6.06B | $6.28B | $6.53B | $6.51B | $1.73B |
| Total liabilities | $2.43B | $2.48B | $2.71B | $2.79B | $2.86B | $1.02B |
| Shareholders' equity | $3.59B | $3.58B | $3.57B | $3.74B | $3.64B | $712.8M |
From SEC filings via Massive. Fiscal periods follow the company's own calendar; free cash flow is operating cash flow minus capital expenditure.
Sources: Massive / Polygon daily aggregates (split-adjusted) · SEC filings via Massive · FINRA settlements via Massive · Financial Modeling Prep. Figures are dated where shown; research is informational, not investment advice. Methodology