Independence Realty Trust (IRT) Financials

$18.52 -0.71 (-3.67%)

Closing price 03:59 PM Eastern

Extended Trading

$20.11 +1.60 (+8.61%)

As of 07:58 PM Eastern

Annual Income Statements for Independence Realty Trust

This table shows Independence Realty Trust's income and expenses over time, based on annual financial data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Income / (Loss) Attributable to Common Shareholders	39	-17	117	45	15	46	26	30	-9.80	28
Consolidated Net Income / (Loss)	40	-18	121	46	15	46	27	31	-9.56	30
Net Income / (Loss) Continuing Operations	40	-18	121	46	15	46	27	31	-41	24
Total Pre-Tax Income	40	-13	123	46	15	11	27	31	2.91	-41
Total Operating Income	125	144	96	4.52	44	50	62	61	40	10
Total Gross Profit	375	390	372	147	203	124	184	155	149	110
Total Revenue	640	661	629	250	212	203	191	161	153	110
Operating Revenue	640	661	629	250	212	203	191	161	153	103
Total Cost of Revenue	266	271	256	103	8.62	80	6.96	6.01	4.85	0.00
Operating Cost of Revenue	266	271	256	103	8.62	80	6.96	6.01	4.85	-
Total Operating Expenses	249	246	276	143	159	73	122	95	109	99
Selling, General & Admin Expense	24	23	26	19	15	13	11	9.53	11	7.79
Depreciation Expense	221	219	253	77	61	53	45	34	35	28
Restructuring Charge	0.00	3.21	5.51	47	0.00	0.00	-	1.34	0.04	14
Other Special Charges / (Income)	3.94	0.93	-8.87	0.36	0.71	-	-11	-19	-	-
Total Other Income / (Expense), net	-86	-157	26	41	-29	-39	-36	-29	-37	-51
Interest Expense	76	90	87	47	36	39	36	29	37	51
Other Income / (Expense), net	-9.86	-67	113	88	7.55	-	0.14	0.09	-0.00	0.02
Other Gains / (Losses), net	0.35	-4.49	-2.17	0.00	0.00	35	-	-	-	-
Net Income / (Loss) Attributable to Noncontrolling Interest	0.74	-0.58	3.41	0.94	0.11	0.46	0.32	1.24	0.25	1.91
Basic Earnings per Share	$0.17	($0.08)	$0.53	$0.41	$0.16	$0.51	$0.30	$0.41	($0.19)	$0.78
Weighted Average Basic Shares Outstanding	224.80M	224.41M	221.97M	108.55M	93.66M	89.80M	87.09M	73.34M	52.18M	36.15M
Diluted Earnings per Share	$0.17	($0.08)	$0.53	$0.41	$0.16	$0.51	$0.30	$0.41	($0.19)	$0.78
Weighted Average Diluted Shares Outstanding	225.58M	224.41M	223.12M	109.83M	94.69M	90.42M	87.38M	73.60M	52.18M	36.16M
Weighted Average Basic & Diluted Shares Outstanding	230.91M	224.77M	224.33M	220.97M	101.86M	91.13M	89.25M	84.96M	69.04M	47.47M
Cash Dividends to Common per Share	$0.64	$0.62	$0.54	$0.48	$0.54	$0.72	$0.72	$0.72	-	-

This table shows Independence Realty Trust's income and expenses over time, based on quarterly financial data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Income / (Loss) Attributable to Common Shareholders	8.35	-1.01	12	10	18	-41	3.93	11	8.65	34	16
Consolidated Net Income / (Loss)	8.53	-1.10	13	11	18	-42	3.99	11	8.87	35	17
Net Income / (Loss) Continuing Operations	8.53	-1.10	13	11	18	-42	3.99	11	8.87	35	17
Total Pre-Tax Income	9.12	-2.98	13	11	19	-39	5.16	11	9.65	34	18
Total Operating Income	29	37	31	29	29	40	39	34	31	41	39
Total Gross Profit	153	99	92	90	93	101	98	95	96	-76	155
Total Revenue	161	161	160	158	161	167	169	164	161	163	161
Operating Revenue	161	161	160	158	161	167	169	164	161	163	161
Total Cost of Revenue	7.83	62	68	69	67	66	71	69	66	239	5.74
Operating Cost of Revenue	7.83	62	68	69	67	66	71	69	66	239	5.74
Total Operating Expenses	125	63	61	61	64	61	59	61	65	-117	115
Selling, General & Admin Expense	8.41	4.86	4.77	6.24	8.38	5.04	3.66	5.91	8.15	5.74	5.63
Depreciation Expense	59	58	55	54	54	56	56	54	54	52	50
Other Operating Expenses / (Income)	59	-	-	-	-	-	-	-	-	-	60
Other Special Charges / (Income)	-1.61	-0.08	1.25	0.47	2.30	0.06	0.04	0.68	0.15	-1.69	-0.19
Total Other Income / (Expense), net	-20	-40	-18	-18	-9.87	-79	-34	-24	-21	-6.24	-21
Interest Expense	19	20	18	17	20	24	22	22	22	23	22
Other Income / (Expense), net	-0.10	-21	0.69	-0.15	11	-56	-12	-0.07	1.08	17	0.77
Other Gains / (Losses), net	-0.59	-	-0.70	-	-0.83	-	-1.18	-	-0.78	0.24	-1.48
Net Income / (Loss) Attributable to Noncontrolling Interest	0.17	-0.10	0.26	0.20	0.38	-1.14	0.06	0.28	0.22	0.89	0.43
Basic Earnings per Share	$0.04	($0.01)	$0.05	$0.05	$0.08	($0.19)	$0.02	$0.05	$0.04	$0.15	$0.07
Weighted Average Basic Shares Outstanding	230.72M	224.80M	224.82M	224.79M	224.63M	224.41M	224.50M	224.42M	224.23M	221.97M	221.96M
Diluted Earnings per Share	$0.04	($0.01)	$0.05	$0.05	$0.08	($0.19)	$0.02	$0.05	$0.04	$0.15	$0.07
Weighted Average Diluted Shares Outstanding	231.83M	225.58M	226.06M	225.42M	225.23M	224.41M	225.14M	225.07M	225.09M	223.12M	222.87M
Weighted Average Basic & Diluted Shares Outstanding	233.78M	230.91M	225.10M	225.12M	225.08M	224.77M	224.71M	224.71M	224.59M	224.33M	224.07M
Cash Dividends to Common per Share	$0.16	-	$0.16	$0.16	$0.16	-	$0.16	$0.16	$0.14	-	$0.14

This table details how cash moves in and out of Independence Realty Trust's business through operations, investing, and financing, using annual figures. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Net Change in Cash & Equivalents	-7.28	6.72	-22	52	-0.82	-1.61	1.43	-12	-17	24
Net Cash From Operating Activities	260	262	250	52	75	75	69	54	-7.53	19
Net Cash From Continuing Operating Activities	260	262	250	52	75	75	69	54	-7.53	19
Net Income / (Loss) Continuing Operations	40	-18	121	46	15	46	27	31	-9.56	30
Consolidated Net Income / (Loss)	40	-18	121	46	15	46	27	31	-9.56	30
Depreciation Expense	221	219	253	77	61	53	45	34	35	28
Amortization Expense	-5.19	-6.31	-6.00	2.41	2.65	2.11	1.39	1.46	2.76	0.39
Non-Cash Adjustments To Reconcile Net Income	20	81	-112	-70	-1.28	-32	-8.08	-13	-30	-47
Changes in Operating Assets and Liabilities, net	-16	-14	-6.36	-2.77	-1.97	5.81	3.44	-0.12	-5.48	7.39
Net Cash From Investing Activities	-21	-1.71	-136	-216	-125	-106	-229	-192	28	-153
Net Cash From Continuing Investing Activities	-21	-1.71	-136	-216	-125	-106	-229	-192	28	-153
Purchase of Property, Plant & Equipment	-357	-147	-286	-140	-145	-106	-216	-222	-12	-34
Sale of Property, Plant & Equipment	391	231	254	177	58	-	27	44	40	18
Other Investing Activities, net	-55	-86	-104	-43	-37	-	-40	-14	-	-0.21
Net Cash From Financing Activities	-246	-254	-135	216	49	30	162	126	-38	158
Net Cash From Continuing Financing Activities	-246	-254	-135	216	49	46	162	126	-38	158
Repayment of Debt	-355	-110	-64	-628	-237	-158	-201	-152	-390	-273
Payment of Dividends	-148	-138	-109	-50	-57	-49	-53	-54	-39	-26
Issuance of Debt	150	0.00	0.00	595	196	234	400	200	104	392
Issuance of Common Equity	111	-0.42	49	317	148	21	22	137	245	-
Other Financing Activities, net	-4.45	-4.80	-11	-18	-1.54	-2.09	-4.97	-5.06	104	66
Cash Interest Paid	81	96	96	29	34	38	36	27	33	22

This table details how cash moves in and out of Independence Realty Trust's business through operations, investing, and financing, using quarterly figures. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Net Change in Cash & Equivalents	4.88	-4.79	0.85	5.50	-8.83	1.74	6.48	7.68	-9.18	-16	17
Net Cash From Operating Activities	60	63	69	83	44	59	76	80	47	58	80
Net Cash From Continuing Operating Activities	60	63	69	83	44	59	76	80	47	58	80
Net Income / (Loss) Continuing Operations	8.53	-1.10	13	11	18	-42	3.99	11	8.87	35	17
Consolidated Net Income / (Loss)	8.53	-1.10	13	11	18	-42	3.99	11	8.87	35	17
Depreciation Expense	59	58	55	54	54	56	56	54	54	52	50
Amortization Expense	-0.88	-1.25	-1.26	-1.30	-1.38	-1.57	-1.65	-1.59	-1.50	-1.44	-1.52
Non-Cash Adjustments To Reconcile Net Income	3.61	19	2.68	3.19	-5.33	59	13	4.19	4.99	-17	1.83
Changes in Operating Assets and Liabilities, net	-9.62	-11	-0.07	16	-21	-12	4.74	13	-19	-9.82	13
Net Cash From Investing Activities	10	-192	-68	-17	255	141	-59	-64	-20	38	-239
Net Cash From Continuing Investing Activities	10	-192	-68	-17	255	141	-59	-64	-20	38	-239
Purchase of Property, Plant & Equipment	-82	-276	-26	-31	-25	-147	67	-38	-29	-84	-147
Acquisitions	-10	-	-	-	-	-	-	-	-	-	-
Sale of Property, Plant & Equipment	109	0.07	70	28	293	195	-	-	36	98	-
Other Investing Activities, net	-6.80	75	-107	-12	-11	71	-127	-18	-13	-24	-75
Net Cash From Financing Activities	-66	123	-0.78	-61	-308	-198	-11	-8.17	-37	-112	177
Net Cash From Continuing Financing Activities	-66	123	-0.78	-61	-308	-198	-11	-8.17	-37	-112	177
Repayment of Debt	-278	139	-71	-60	-363	24	-32	-44	-57	608	-442
Payment of Dividends	-38	-37	-37	-37	-37	-37	-37	-32	-32	-32	-32
Issuance of Debt	201	-89	108	37	94	-185	60	68	57	-688	607
Issuance of Common Equity	50	-	-	-	-	-	-	-	-	-0.10	-
Other Financing Activities, net	-1.24	-1.44	-0.11	-1.06	-1.84	-	-0.96	-0.08	-3.76	-0.10	-5.08

This table presents Independence Realty Trust's assets and liabilities at the end of each period, using annual balance sheet data. All values are USD millions unless otherwise specified.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Total Assets	6,058	6,280	6,532	6,507	1,735	1,664	1,659	1,451	1,294	1,383
Total Current Assets	21	23	16	36	8.75	9.89	9.32	9.99	21	38
Cash & Equivalents	21	23	16	36	8.75	9.89	9.32	9.99	21	38
Plant, Property, & Equipment, net	-741	-583	-425	-243	-209	-158	-112	-84	-52	-40
Accumulated Depreciation	741	583	425	243	209	158	112	84	52	40
Total Noncurrent Assets	6,778	6,840	6,941	6,714	1,935	1,813	1,762	1,525	1,325	1,385
Long-Term Investments	6,456	6,348	6,695	6,487	1,917	1,796	1,660	-	-	-
Intangible Assets	3.64	0.07	0.40	53	0.79	0.41	0.74	1.10	0.12	3.74
Other Noncurrent Operating Assets	318	492	245	174	17	16	101	1,524	1,325	1,381
Total Liabilities & Shareholders' Equity	6,058	6,280	6,532	6,507	1,735	1,664	1,659	1,451	1,294	1,383
Total Liabilities	2,483	2,713	2,794	2,865	1,022	1,044	1,029	805	766	993
Total Current Liabilities	95	109	150	106	55	25	23	17	14	19
Accounts Payable	95	109	110	106	25	25	23	17	14	19
Total Noncurrent Liabilities	2,388	2,604	2,645	2,758	967	1,019	1,006	787	752	974
Other Noncurrent Operating Liabilities	2,388	2,604	2,645	2,758	967	33	21	8.85	7.70	7.24
Total Equity & Noncontrolling Interests	3,575	3,567	3,738	3,642	713	620	630	646	529	390
Total Preferred & Common Equity	3,442	3,431	3,597	3,481	708	613	623	624	507	364
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,442	3,431	3,597	3,481	708	613	623	624	507	364
Common Stock	3,870	3,754	3,753	3,681	921	767	743	705	565	379
Retained Earnings	-454	-348	-192	-188	-179	-142	-122	-85	-62	-15
Accumulated Other Comprehensive Income / (Loss)	26	26	35	-12	-34	-12	2.02	4.63	3.68	-0.01
Noncontrolling Interest	133	136	141	161	4.71	6.48	7.05	22	22	26

This table presents Independence Realty Trust's assets and liabilities at the end of each period, using quarterly balance sheet data. All values are USD millions unless otherwise specified.

Metric	Q1 2025	Q3 2024	Q2 2024	Q1 2024	Q3 2023	Q2 2023	Q1 2023	Q3 2022
Period end date	3/31/2025	9/30/2024	6/30/2024	3/31/2024	9/30/2023	6/30/2023	3/31/2023	9/30/2022
Total Assets	5,983	5,948	5,940	5,973	6,578	6,517	6,494	6,634
Total Current Assets	29	18	21	21	17	14	12	24
Cash & Equivalents	29	18	21	21	17	14	12	24
Plant, Property, & Equipment, net	-790	-716	-668	-623	-567	-520	-475	-379
Accumulated Depreciation	790	716	668	623	567	520	475	379
Total Noncurrent Assets	6,744	6,646	6,587	6,574	7,128	7,023	6,956	6,989
Long-Term Investments	6,544	6,437	6,308	6,272	6,842	6,710	6,742	6,705
Intangible Assets	3.62	1.16	0.00	0.00	0.27	0.00	0.00	1.04
Other Noncurrent Operating Assets	196	208	279	302	286	313	215	283
Total Liabilities & Shareholders' Equity	5,983	5,948	5,940	5,973	6,578	6,517	6,494	6,634
Total Liabilities	2,396	2,459	2,407	2,414	2,910	2,822	2,789	2,897
Total Current Liabilities	86	121	102	91	184	153	106	126
Accounts Payable	86	119	102	84	139	116	106	126
Total Noncurrent Liabilities	2,310	2,338	2,305	2,323	2,726	2,670	2,683	2,771
Long-Term Debt	2,254	-	-	-	-	-	-	-
Other Noncurrent Operating Liabilities	56	2,338	2,305	2,323	2,726	2,670	2,683	2,771
Total Equity & Noncontrolling Interests	3,587	3,489	3,534	3,559	3,668	3,695	3,705	3,737
Total Preferred & Common Equity	3,455	3,355	3,399	3,424	3,529	3,556	3,566	3,595
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,455	3,355	3,399	3,424	3,529	3,556	3,566	3,595
Common Stock	3,921	3,758	3,757	3,756	3,753	3,757	3,755	3,752
Retained Earnings	-483	-416	-393	-367	-272	-240	-215	-194
Accumulated Other Comprehensive Income / (Loss)	17	14	34	35	48	39	25	38
Noncontrolling Interest	132	134	135	136	139	139	139	141

This table displays calculated financial ratios and metrics derived from Independence Realty Trust's official financial filings.

Metric	2024	2023	2022	2021	2020	2019	2018	2017	2016	2015
Period end date	12/31/2024	12/31/2023	12/31/2022	12/31/2021	12/31/2020	12/31/2019	12/31/2018	12/31/2017	12/31/2016	12/31/2015
Growth Metrics	-	-	-	-	-	-	-	-	-	-
Revenue Growth	-3.17%	5.16%	151.16%	18.10%	4.27%	6.27%	18.62%	5.10%	39.98%	122.85%
EBITDA Growth	14.48%	-36.63%	166.24%	49.53%	8.93%	-3.60%	13.33%	24.78%	99.67%	66.15%
EBIT Growth	50.70%	-63.43%	127.55%	79.48%	1.98%	-19.56%	3.13%	53.10%	288.77%	-10.70%
NOPAT Growth	24.75%	4.27%	2,034.27%	-89.68%	-13.02%	-19.37%	3.04%	110.77%	-7,995.49%	-16.55%
Net Income Growth	324.82%	-114.76%	165.02%	206.04%	-67.91%	74.20%	-15.37%	429.05%	-131.69%	924.32%
EPS Growth	312.50%	-115.09%	29.27%	156.25%	-68.63%	70.00%	-26.83%	315.79%	-124.36%	457.14%
Operating Cash Flow Growth	-0.92%	5.06%	377.52%	-30.29%	-0.06%	9.44%	26.15%	821.15%	-140.23%	19.09%
Free Cash Flow Firm Growth	704.65%	-123.60%	-90.80%	66.00%	420.48%	-87.13%	1,596.33%	79.37%	22.98%	-33.13%
Invested Capital Growth	-3.50%	4.68%	-2.09%	-143.57%	-488.73%	-270.67%	-103.83%	13.02%	-5.06%	97.59%
Revenue Q/Q Growth	-0.94%	0.65%	15.83%	10.04%	1.27%	0.00%	0.00%	36.12%	-20.70%	27.11%
EBITDA Q/Q Growth	11.73%	-19.63%	7.36%	53.28%	21.90%	101.94%	143.64%	23.96%	420.93%	51.16%
EBIT Q/Q Growth	39.27%	-49.19%	3.52%	114.13%	60.29%	0.00%	0.00%	38.36%	248.55%	76.06%
NOPAT Q/Q Growth	-2.19%	-30.41%	218.87%	-89.50%	95.31%	0.00%	0.00%	158.81%	-2,297.40%	23.01%
Net Income Q/Q Growth	7,843.33%	-130.51%	4.38%	54.73%	-41.74%	0.00%	0.00%	276.79%	-125.44%	16.24%
EPS Q/Q Growth	1,800.00%	-130.77%	-17.19%	41.38%	-44.83%	0.00%	0.00%	182.00%	-126.03%	16.42%
Operating Cash Flow Q/Q Growth	1.67%	0.34%	46.98%	-40.70%	-1.64%	6.28%	2.92%	1,195.59%	-116.00%	83.69%
Free Cash Flow Firm Q/Q Growth	461.29%	-112.05%	-91.51%	63.66%	2,093.67%	-88.72%	771.13%	53.31%	-430.20%	31.65%
Invested Capital Q/Q Growth	2.09%	11.11%	1.68%	-144.78%	-558.60%	-29.40%	-103.41%	3.75%	0.34%	-3.91%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-
Gross Margin	58.52%	58.94%	59.22%	58.93%	95.93%	60.85%	96.36%	96.27%	96.84%	100.00%
EBITDA Margin	51.76%	43.78%	72.65%	68.54%	54.13%	51.81%	57.12%	59.78%	50.36%	35.30%
Operating Margin	19.61%	21.74%	15.35%	1.81%	20.67%	24.79%	32.67%	37.61%	25.86%	9.29%
EBIT Margin	18.07%	11.61%	33.38%	36.84%	24.24%	24.79%	32.74%	37.66%	25.85%	9.31%
Profit (Net Income) Margin	6.25%	-2.69%	19.20%	18.19%	7.02%	22.81%	13.92%	19.50%	-6.23%	27.52%
Tax Burden Percent	100.87%	133.70%	98.23%	100.00%	100.00%	415.99%	100.00%	100.00%	-328.01%	-73.80%
Interest Burden Percent	34.32%	-17.36%	58.55%	49.39%	28.96%	22.12%	42.50%	51.78%	7.35%	-400.55%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	1,518.85%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	9.18%	4.55%	-43.79%	0.72%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-75.99%	0.63%	23.21%	4.17%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-5.01%	0.80%	41.71%	8.52%
Return on Equity (ROE)	1.12%	-0.49%	3.27%	2.09%	2.23%	7.42%	4.17%	5.35%	-2.08%	9.24%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	-7.68%	-38.60%	-64.87%
Operating Return on Assets (OROA)	1.87%	1.20%	3.22%	2.24%	3.02%	3.03%	4.03%	4.42%	2.96%	0.98%
Return on Assets (ROA)	0.65%	-0.28%	1.85%	1.10%	0.88%	2.79%	1.71%	2.29%	-0.71%	2.90%
Return on Common Equity (ROCE)	1.08%	-0.47%	3.14%	2.01%	2.21%	7.34%	4.08%	5.15%	-1.97%	8.70%
Return on Equity Simple (ROE_SIMPLE)	1.16%	-0.52%	3.35%	1.31%	2.10%	7.56%	4.27%	5.04%	-1.89%	8.28%
Net Operating Profit after Tax (NOPAT)	125	101	96	4.52	44	50	62	61	-563	7.13
NOPAT Margin	19.61%	15.22%	15.35%	1.81%	20.67%	24.79%	32.67%	37.61%	-366.88%	6.50%
Net Nonoperating Expense Percent (NNEP)	-1.33%	-1.81%	0.37%	0.97%	-2.13%	-0.53%	85.18%	3.91%	-67.00%	-3.46%
Return On Investment Capital (ROIC_SIMPLE)	3.51%	2.82%	2.58%	-	-	-	-	-	-	-
Cost of Revenue to Revenue	41.48%	41.06%	40.78%	41.08%	4.07%	39.15%	3.64%	3.73%	3.16%	0.00%
SG&A Expenses to Revenue	3.79%	3.44%	4.18%	7.44%	7.12%	6.27%	5.66%	5.91%	7.08%	7.11%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	38.91%	37.20%	43.87%	57.12%	75.26%	36.06%	63.69%	58.67%	70.98%	90.71%
Earnings before Interest and Taxes (EBIT)	116	77	210	92	51	50	63	61	40	10
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	331	289	457	172	115	105	109	96	77	39
Valuation Ratios	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.30	0.97	0.98	0.72	1.60	1.77	1.05	1.00	0.84	0.61
Price to Tangible Book Value (P/TBV)	1.30	0.97	0.98	0.73	1.60	1.77	1.05	1.00	0.84	0.62
Price to Revenue (P/Rev)	6.98	5.02	5.58	9.95	5.35	5.33	3.41	3.87	2.76	2.03
Price to Earnings (P/E)	113.66	0.00	29.91	55.85	76.76	23.61	24.80	20.67	0.00	7.87
Dividend Yield	3.23%	4.20%	3.45%	2.03%	4.52%	6.04%	9.82%	9.63%	11.73%	15.25%
Earnings Yield	0.88%	0.00%	3.34%	1.79%	1.30%	4.24%	4.03%	4.84%	0.00%	12.71%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	1.00	0.93	0.89
Enterprise Value to Revenue (EV/Rev)	0.00	0.00	0.00	0.00	0.00	1.32	0.00	8.78	7.62	10.74
Enterprise Value to EBITDA (EV/EBITDA)	0.00	0.00	0.00	0.00	0.00	2.56	0.00	14.68	15.13	30.41
Enterprise Value to EBIT (EV/EBIT)	0.00	0.00	0.00	0.00	0.00	5.34	0.00	23.30	29.46	115.32
Enterprise Value to NOPAT (EV/NOPAT)	0.00	0.00	0.00	0.00	0.00	5.34	0.00	23.34	0.00	165.05
Enterprise Value to Operating Cash Flow (EV/OCF)	0.00	0.00	0.00	0.00	0.00	3.59	0.00	26.04	0.00	62.82
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	1.37	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.00	0.00	0.00	0.00	0.04	1.59	1.56	1.20	1.41	2.48
Long-Term Debt to Equity	0.00	0.00	0.00	0.00	0.00	1.59	1.56	1.20	1.41	2.48
Financial Leverage	-1.80	-1.79	-1.79	-1.93	-2.04	-1.20	0.07	1.27	1.80	2.04
Leverage Ratio	1.73	1.75	1.77	1.89	2.55	2.66	2.44	2.34	2.91	3.18
Compound Leverage Factor	0.59	-0.30	1.03	0.93	0.74	0.59	1.04	1.21	0.21	-12.74
Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	4.02%	61.39%	61.00%	54.64%	58.45%	71.25%
Short-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	4.02%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	61.39%	61.00%	54.64%	58.45%	71.25%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	3.71%	3.81%	3.78%	4.43%	0.63%	0.40%	0.44%	1.55%	1.72%	1.91%
Common Equity to Total Capital	96.29%	96.19%	96.22%	95.57%	95.35%	38.20%	38.56%	43.81%	39.83%	26.84%
Debt to EBITDA	0.00	0.00	0.00	0.00	0.26	9.36	9.02	8.08	9.63	24.99
Net Debt to EBITDA	0.00	0.00	0.00	0.00	-16.53	-7.79	-6.26	7.97	9.36	24.00
Long-Term Debt to EBITDA	0.00	0.00	0.00	0.00	0.00	9.36	9.02	8.08	9.63	24.99
Debt to NOPAT	0.00	0.00	0.00	0.00	0.68	19.57	15.77	12.84	-1.32	135.62
Net Debt to NOPAT	0.00	0.00	0.00	0.00	-43.27	-16.29	-10.95	12.68	-1.28	130.25
Long-Term Debt to NOPAT	0.00	0.00	0.00	0.00	0.00	19.57	15.77	12.84	-1.32	135.62
Altman Z-Score	1.13	0.79	0.89	0.55	0.71	0.71	0.51	0.63	0.49	0.24
Noncontrolling Interest Sharing Ratio	3.76%	3.79%	4.10%	3.81%	0.84%	1.08%	2.28%	3.74%	5.20%	5.76%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.22	0.21	0.11	0.34	0.16	0.39	0.41	0.58	1.49	1.98
Quick Ratio	0.22	0.21	0.11	0.34	0.16	0.39	0.41	0.58	1.49	1.98
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	224	-37	157	1,703	1,026	197	1,531	-102	-496	-644
Operating Cash Flow to CapEx	0.00%	0.00%	775.06%	0.00%	86.02%	70.49%	36.25%	30.63%	0.00%	115.85%
Free Cash Flow to Firm to Interest Expense	2.94	-0.41	1.80	36.49	28.11	5.02	42.53	-3.50	-13.50	-12.61
Operating Cash Flow to Interest Expense	3.42	2.91	2.87	1.12	2.05	1.91	1.90	1.86	-0.21	0.37
Operating Cash Flow Less CapEx to Interest Expense	3.87	3.85	2.50	1.93	-0.33	-0.80	-3.35	-4.20	0.56	0.05
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.10	0.10	0.10	0.06	0.12	0.12	0.12	0.12	0.11	0.11
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	2.61	2.48	2.37	1.56	0.34	3.30	0.35	0.38	0.29	0.00
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	140.04	147.09	153.81	233.91	1,075.34	110.59	1,049.21	949.39	1,255.02	0.00
Cash Conversion Cycle (CCC)	-140.04	-147.09	-153.81	-233.91	-1,075.34	-110.59	-1,049.21	-949.39	-1,255.02	0.00
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-
Invested Capital	-2,902	-2,804	-2,941	-2,881	-1,183	-201	-54	1,415	1,252	1,318
Invested Capital Turnover	-0.22	-0.23	-0.22	-0.12	-0.31	-1.59	0.28	0.12	0.12	0.11
Increase / (Decrease) in Invested Capital	-98	138	-60	-1,698	-982	-147	-1,469	163	-67	651
Enterprise Value (EV)	-1,878	-2,915	-3,064	-3,872	-757	269	-25	1,415	1,168	1,176
Market Capitalization	4,466	3,320	3,507	2,490	1,134	1,083	652	624	424	222
Book Value per Share	$15.29	$15.27	$16.05	$33.11	$7.47	$6.75	$7.01	$7.47	$7.35	$7.74
Tangible Book Value per Share	$15.28	$15.27	$16.05	$32.61	$7.46	$6.74	$7.00	$7.46	$7.34	$7.66
Total Capital	3,575	3,567	3,738	3,642	743	1,605	1,616	1,425	1,273	1,357
Total Debt	0.00	0.00	0.00	0.00	30	986	985	778	744	967
Total Long-Term Debt	0.00	0.00	0.00	0.00	0.00	986	985	778	744	967
Net Debt	-6,477	-6,371	-6,712	-6,523	-1,896	-821	-684	768	723	928
Capital Expenditures (CapEx)	-34	-84	32	-38	87	106	189	177	-28	16
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-95	-109	-150	-106	-25	-25	-23	-17	-14	-19
Debt-free Net Working Capital (DFNWC)	-73	-86	-133	-70	-17	-16	-13	-7.23	6.86	19
Net Working Capital (NWC)	-73	-86	-133	-70	-47	-16	-13	-7.23	6.86	19
Net Nonoperating Expense (NNE)	85	118	-24	-41	29	4.02	36	29	-553	-23
Net Nonoperating Obligations (NNO)	-6,477	-6,371	-6,679	-6,523	-1,896	-821	-684	768	723	928
Total Depreciation and Amortization (D&A)	216	213	247	79	63	55	47	36	38	28
Debt-free, Cash-free Net Working Capital to Revenue	-14.79%	-16.50%	-23.80%	-42.49%	-11.99%	-12.50%	-11.93%	-10.68%	-9.15%	-17.62%
Debt-free Net Working Capital to Revenue	-11.47%	-13.04%	-21.24%	-28.12%	-7.86%	-7.63%	-7.06%	-4.49%	4.47%	17.34%
Net Working Capital to Revenue	-11.47%	-13.04%	-21.24%	-28.12%	-21.95%	-7.63%	-7.06%	-4.49%	4.47%	17.34%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.17	($0.08)	$0.53	$0.41	$0.16	$0.51	$0.30	$0.41	($0.19)	$0.78
Adjusted Weighted Average Basic Shares Outstanding	224.80M	224.41M	221.97M	108.55M	93.66M	89.80M	87.09M	73.34M	52.18M	36.15M
Adjusted Diluted Earnings per Share	$0.17	($0.08)	$0.53	$0.41	$0.16	$0.51	$0.30	$0.41	($0.19)	$0.78
Adjusted Weighted Average Diluted Shares Outstanding	225.58M	224.41M	223.12M	109.83M	94.69M	90.42M	87.38M	73.60M	52.18M	36.16M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	230.91M	224.77M	224.33M	220.97M	101.86M	91.13M	89.25M	84.96M	69.04M	47.47M
Normalized Net Operating Profit after Tax (NOPAT)	91	103	65	36	31	35	36	30	28	17
Normalized NOPAT Margin	14.16%	15.66%	10.37%	14.53%	14.71%	17.35%	18.97%	18.73%	18.12%	15.16%
Pre Tax Income Margin	6.20%	-2.02%	19.54%	18.19%	7.02%	5.48%	13.92%	19.50%	1.90%	-37.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.52	0.85	2.41	1.98	1.41	1.28	1.74	2.07	1.08	0.20
NOPAT to Interest Expense	1.65	1.12	1.11	0.10	1.20	1.28	1.74	2.07	-15.31	0.14
EBIT Less CapEx to Interest Expense	1.97	1.79	2.04	2.79	-0.98	-1.43	-3.51	-3.98	1.84	-0.12
NOPAT Less CapEx to Interest Expense	2.10	2.05	0.74	0.91	-1.19	-1.43	-3.51	-3.99	-14.55	-0.18
Payout Ratios	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	369.26%	-777.57%	89.98%	110.10%	380.63%	105.48%	199.68%	173.10%	-405.18%	87.18%
Augmented Payout Ratio	369.26%	-777.57%	89.98%	110.10%	380.63%	105.48%	199.68%	173.10%	-1,055.69%	87.80%

This table displays calculated financial ratios and metrics derived from Independence Realty Trust's official financial filings.

Metric	Q1 2025	Q4 2024	Q3 2024	Q2 2024	Q1 2024	Q4 2023	Q3 2023	Q2 2023	Q1 2023	Q4 2022	Q3 2022
Period end date	3/31/2025	12/31/2024	9/30/2024	6/30/2024	3/31/2024	12/31/2023	9/30/2023	6/30/2023	3/31/2023	12/31/2022	9/30/2022
Growth Metrics	-	-	-	-	-	-	-	-	-	-	-
Revenue Growth	0.44%	-3.64%	-5.02%	-3.39%	-0.52%	2.61%	4.99%	5.94%	7.32%	111.66%	164.23%
EBITDA Growth	-5.63%	92.31%	5.60%	-5.90%	9.21%	-65.24%	-8.28%	1.25%	-51.87%	40.65%	130.41%
EBIT Growth	-27.20%	195.67%	16.30%	-16.14%	23.35%	-128.92%	-32.38%	137.94%	-67.40%	14.14%	98.49%
NOPAT Growth	-26.94%	-7.08%	-20.32%	-15.87%	-6.62%	-31.45%	-1.58%	247.69%	1,223.59%	257.69%	349.82%
Net Income Growth	-52.53%	97.35%	216.61%	-3.94%	102.45%	-220.65%	-76.06%	248.51%	-88.46%	17.17%	44.01%
EPS Growth	-50.00%	94.74%	150.00%	0.00%	100.00%	-226.67%	-71.43%	266.67%	-88.24%	-42.31%	-36.36%
Operating Cash Flow Growth	37.02%	7.19%	-8.65%	3.41%	-6.08%	1.51%	-4.84%	13.06%	15.60%	371.55%	161.39%
Free Cash Flow Firm Growth	-616.73%	212.89%	-179.16%	-178.14%	-183.21%	-208.97%	-89.15%	-85.82%	-86.09%	-93.98%	84.28%
Invested Capital Growth	73.24%	-3.50%	6.03%	6.58%	10.32%	4.68%	-5.43%	-6.41%	-11.44%	-2.09%	-154.18%
Revenue Q/Q Growth	0.17%	0.52%	1.09%	-1.33%	-3.90%	-0.93%	2.84%	1.60%	-0.88%	1.37%	3.77%
EBITDA Q/Q Growth	19.25%	-15.41%	4.83%	-10.75%	143.00%	-53.55%	-6.59%	3.59%	-22.65%	22.53%	3.13%
EBIT Q/Q Growth	78.98%	-49.60%	9.58%	-26.35%	335.19%	-161.27%	-20.98%	8.33%	-44.86%	43.25%	178.05%
NOPAT Q/Q Growth	10.95%	-16.59%	6.64%	1.24%	3.19%	-28.48%	12.59%	12.37%	-24.25%	2.69%	297.75%
Net Income Q/Q Growth	872.98%	-108.74%	19.56%	-41.23%	143.12%	-1,144.98%	-63.72%	23.85%	-74.30%	107.32%	325.07%
EPS Q/Q Growth	500.00%	-120.00%	0.00%	-37.50%	142.11%	-1,050.00%	-60.00%	25.00%	-73.33%	114.29%	333.33%
Operating Cash Flow Q/Q Growth	-4.84%	-8.38%	-16.60%	88.44%	-25.55%	-21.93%	-5.59%	71.14%	-19.53%	-26.81%	12.18%
Free Cash Flow Firm Q/Q Growth	-1,692.60%	177.84%	5.15%	41.29%	-160.45%	-154.58%	-6.38%	-37.48%	241.08%	-94.57%	22.33%
Invested Capital Q/Q Growth	74.78%	2.09%	-6.01%	-2.24%	2.47%	11.11%	-5.39%	1.85%	-3.67%	1.68%	-6.38%
Profitability Metrics	-	-	-	-	-	-	-	-	-	-	-
Gross Margin	95.15%	61.75%	57.59%	56.72%	57.97%	60.27%	58.17%	57.98%	59.33%	-46.73%	96.42%
EBITDA Margin	53.57%	45.00%	53.48%	51.57%	57.02%	22.55%	48.10%	52.95%	51.94%	66.55%	55.06%
Operating Margin	17.76%	22.91%	19.32%	18.32%	17.85%	23.75%	23.03%	21.04%	19.02%	24.89%	24.57%
EBIT Margin	17.69%	9.90%	19.75%	18.22%	24.41%	-9.98%	16.13%	20.99%	19.69%	35.39%	25.05%
Profit (Net Income) Margin	5.29%	-0.69%	7.88%	6.66%	11.19%	-24.93%	2.36%	6.70%	5.50%	21.21%	10.37%
Tax Burden Percent	93.53%	36.99%	94.72%	100.00%	95.59%	106.48%	77.19%	100.00%	91.96%	100.71%	91.85%
Interest Burden Percent	31.95%	-18.71%	42.12%	36.57%	47.95%	234.77%	18.99%	31.92%	30.37%	59.50%	45.07%
Effective Tax Rate	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Invested Capital (ROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROIC Less NNEP Spread (ROIC-NNEP)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Net Nonoperating Assets (RNNOA)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Return on Equity (ROE)	0.86%	1.12%	-0.01%	-0.25%	-0.24%	-0.49%	1.58%	1.93%	1.42%	3.27%	5.15%
Cash Return on Invested Capital (CROIC)	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Return on Assets (OROA)	1.90%	1.03%	2.04%	1.92%	2.59%	-1.03%	1.60%	2.11%	1.96%	3.41%	3.21%
Return on Assets (ROA)	0.57%	-0.07%	0.81%	0.70%	1.18%	-2.57%	0.24%	0.67%	0.55%	2.04%	1.33%
Return on Common Equity (ROCE)	0.82%	1.08%	-0.01%	-0.24%	-0.23%	-0.47%	1.52%	1.85%	1.36%	3.14%	4.99%
Return on Equity Simple (ROE_SIMPLE)	0.89%	0.00%	-0.02%	-0.27%	-0.25%	0.00%	1.65%	2.00%	1.48%	0.00%	3.22%
Net Operating Profit after Tax (NOPAT)	29	26	31	29	29	28	39	34	31	41	39
NOPAT Margin	17.76%	16.03%	19.32%	18.32%	17.85%	16.63%	23.03%	21.04%	19.02%	24.89%	24.57%
Net Nonoperating Expense Percent (NNEP)	-0.38%	-0.42%	-0.28%	-0.28%	-0.16%	-1.06%	-0.51%	-0.36%	-0.33%	-0.09%	-0.53%
Return On Investment Capital (ROIC_SIMPLE)	0.49%	0.72%	-	-	-	0.78%	-	-	-	1.08%	-
Cost of Revenue to Revenue	4.85%	38.25%	42.41%	43.28%	42.03%	39.73%	41.83%	42.02%	40.67%	146.73%	3.58%
SG&A Expenses to Revenue	5.21%	3.02%	2.98%	3.94%	5.22%	3.02%	2.17%	3.60%	5.05%	3.53%	3.50%
R&D to Revenue	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Operating Expenses to Revenue	77.39%	38.84%	38.26%	38.41%	40.12%	36.52%	35.14%	36.95%	40.31%	-71.61%	71.85%
Earnings before Interest and Taxes (EBIT)	29	16	32	29	39	-17	27	34	32	58	40
Earnings before Interest, Taxes, Depreciation and Amortization (EBITDA)	86	72	86	82	92	38	81	87	84	108	88
Valuation Ratios	-	-	-	-	-	-	-	-	-	-	-
Price to Book Value (P/BV)	1.42	1.30	1.38	1.24	1.05	0.97	0.86	1.10	0.96	0.98	0.97
Price to Tangible Book Value (P/TBV)	1.42	1.30	1.38	1.24	1.05	0.97	0.86	1.10	0.96	0.98	0.97
Price to Revenue (P/Rev)	7.65	6.98	7.14	6.44	5.44	5.02	4.64	6.06	5.35	5.58	6.40
Price to Earnings (P/E)	163.04	113.66	0.00	0.00	0.00	0.00	53.53	56.77	66.71	29.91	30.96
Dividend Yield	3.01%	3.23%	3.12%	3.42%	4.00%	4.20%	4.43%	3.32%	3.67%	3.45%	3.32%
Earnings Yield	0.61%	0.88%	0.00%	0.00%	0.00%	0.00%	1.87%	1.76%	1.50%	3.34%	3.23%
Enterprise Value to Invested Capital (EV/IC)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Revenue (EV/Rev)	1.12	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBITDA (EV/EBITDA)	2.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to EBIT (EV/EBIT)	6.81	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to NOPAT (EV/NOPAT)	6.22	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Operating Cash Flow (EV/OCF)	2.59	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Enterprise Value to Free Cash Flow (EV/FCFF)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Leverage & Solvency	-	-	-	-	-	-	-	-	-	-	-
Debt to Equity	0.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to Equity	0.63	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Financial Leverage	-1.49	-1.80	-1.85	-1.80	-1.80	-1.79	-1.83	-1.79	-1.78	-1.79	-1.93
Leverage Ratio	1.67	1.73	1.75	1.72	1.72	1.75	1.78	1.75	1.74	1.77	1.89
Compound Leverage Factor	0.53	-0.32	0.74	0.63	0.82	4.12	0.34	0.56	0.53	1.05	0.85
Debt to Total Capital	38.59%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Short-Term Debt to Total Capital	0.00%	0.00%	0.05%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Long-Term Debt to Total Capital	38.59%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Preferred Equity to Total Capital	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Noncontrolling Interests to Total Capital	2.26%	3.71%	3.83%	3.81%	3.81%	3.81%	3.78%	3.76%	3.76%	3.78%	3.78%
Common Equity to Total Capital	59.16%	96.29%	96.12%	96.19%	96.19%	96.19%	96.22%	96.24%	96.24%	96.22%	96.22%
Debt to EBITDA	6.91	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to EBITDA	-13.24	0.00	-21.76	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to EBITDA	6.91	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Debt to NOPAT	19.61	0.00	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt to NOPAT	-37.58	0.00	-50.29	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Long-Term Debt to NOPAT	19.61	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Altman Z-Score	1.23	1.07	1.13	1.07	0.93	0.74	0.65	0.88	0.79	0.81	0.76
Noncontrolling Interest Sharing Ratio	3.74%	3.76%	3.80%	3.79%	3.78%	3.79%	3.78%	3.80%	4.11%	4.10%	3.23%
Liquidity Ratios	-	-	-	-	-	-	-	-	-	-	-
Current Ratio	0.34	0.22	0.15	0.21	0.23	0.21	0.09	0.09	0.12	0.11	0.19
Quick Ratio	0.34	0.22	0.15	0.21	0.23	0.21	0.09	0.09	0.12	0.11	0.19
Cash Flow Metrics	-	-	-	-	-	-	-	-	-	-	-
Free Cash Flow to Firm (FCFF)	-1,974	124	-159	-168	-286	-110	201	215	344	101	1,854
Operating Cash Flow to CapEx	0.00%	23.02%	0.00%	2,593.66%	0.00%	0.00%	0.00%	210.02%	0.00%	0.00%	54.30%
Free Cash Flow to Firm to Interest Expense	-101.68	6.27	-8.70	-9.62	-14.02	-4.64	9.13	9.67	15.53	4.32	83.93
Operating Cash Flow to Interest Expense	3.11	3.21	3.78	4.76	2.16	2.50	3.44	3.61	2.12	2.50	3.61
Operating Cash Flow Less CapEx to Interest Expense	4.53	-10.73	6.22	4.57	15.30	4.56	6.49	1.89	2.42	3.10	-3.03
Efficiency Ratios	-	-	-	-	-	-	-	-	-	-	-
Asset Turnover	0.11	0.10	0.10	0.11	0.11	0.10	0.10	0.10	0.10	0.10	0.13
Accounts Receivable Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Inventory Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Fixed Asset Turnover	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Accounts Payable Turnover	3.13	2.61	2.10	2.51	2.88	2.48	3.35	3.55	3.38	2.37	1.10
Days Sales Outstanding (DSO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Inventory Outstanding (DIO)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable Outstanding (DPO)	116.76	140.04	174.08	145.58	126.60	147.09	108.89	102.93	108.08	153.81	330.49
Cash Conversion Cycle (CCC)	-116.76	-140.04	-174.08	-145.58	-126.60	-147.09	-108.89	-102.93	-108.08	-153.81	-330.49
Capital & Investment Metrics	-	-	-	-	-	-	-	-	-	-	-
Invested Capital	-732	-2,902	-2,964	-2,796	-2,735	-2,804	-3,154	-2,993	-3,049	-2,941	-2,992
Invested Capital Turnover	-0.37	-0.22	-0.21	-0.23	-0.23	-0.23	-0.21	-0.22	-0.22	-0.22	-0.26
Increase / (Decrease) in Invested Capital	2,003	-98	190	197	315	138	-162	-180	-313	-60	-1,815
Enterprise Value (EV)	715	-1,878	-1,704	-1,977	-2,565	-2,915	-3,674	-2,656	-3,193	-3,064	-3,113
Market Capitalization	4,902	4,466	4,615	4,218	3,593	3,320	3,047	3,929	3,422	3,507	3,475
Book Value per Share	$14.96	$15.29	$14.90	$15.10	$15.24	$15.27	$15.71	$15.83	$15.89	$16.05	$16.19
Tangible Book Value per Share	$14.95	$15.28	$14.90	$15.10	$15.24	$15.27	$15.70	$15.83	$15.89	$16.05	$16.19
Total Capital	5,841	3,575	3,490	3,534	3,559	3,567	3,668	3,695	3,705	3,738	3,737
Total Debt	2,254	0.00	1.78	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Long-Term Debt	2,254	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Debt	-4,319	-6,477	-6,453	-6,329	-6,294	-6,371	-6,859	-6,725	-6,754	-6,712	-6,728
Capital Expenditures (CapEx)	-27	276	-45	3.20	-268	-49	-67	38	-6.58	-14	147
Debt-free, Cash-free Net Working Capital (DFCFNWC)	-86	-95	-119	-102	-91	-109	-184	-153	-106	-150	-126
Debt-free Net Working Capital (DFNWC)	-57	-73	-102	-81	-70	-86	-166	-138	-93	-133	-103
Net Working Capital (NWC)	-57	-73	-103	-81	-70	-86	-166	-138	-93	-133	-103
Net Nonoperating Expense (NNE)	20	27	18	18	11	69	35	24	22	6.00	23
Net Nonoperating Obligations (NNO)	-4,319	-6,477	-6,453	-6,329	-6,294	-6,371	-6,822	-6,688	-6,754	-6,679	-6,728
Total Depreciation and Amortization (D&A)	58	56	54	53	52	54	54	52	52	51	48
Debt-free, Cash-free Net Working Capital to Revenue	-13.48%	-14.79%	-18.46%	-15.59%	-13.76%	-16.50%	-27.97%	-23.51%	-16.55%	-23.80%	-23.28%
Debt-free Net Working Capital to Revenue	-8.95%	-11.47%	-15.74%	-12.38%	-10.54%	-13.04%	-25.35%	-21.30%	-14.61%	-21.24%	-18.90%
Net Working Capital to Revenue	-8.95%	-11.47%	-16.01%	-12.38%	-10.54%	-13.04%	-25.35%	-21.30%	-14.61%	-21.24%	-18.90%
Earnings Adjustments	-	-	-	-	-	-	-	-	-	-	-
Adjusted Basic Earnings per Share	$0.04	($0.01)	$0.05	$0.05	$0.08	($0.19)	$0.02	$0.05	$0.04	$0.15	$0.07
Adjusted Weighted Average Basic Shares Outstanding	230.72M	224.80M	224.82M	224.79M	224.63M	224.41M	224.50M	224.42M	224.23M	221.97M	221.96M
Adjusted Diluted Earnings per Share	$0.04	($0.01)	$0.05	$0.05	$0.08	($0.19)	$0.02	$0.05	$0.04	$0.15	$0.07
Adjusted Weighted Average Diluted Shares Outstanding	231.83M	225.58M	226.06M	225.42M	225.23M	224.41M	225.14M	225.07M	225.09M	223.12M	222.87M
Adjusted Basic & Diluted Earnings per Share	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Adjusted Weighted Average Basic & Diluted Shares Outstanding	233.78M	230.91M	225.10M	225.12M	225.08M	224.77M	224.71M	224.71M	224.59M	224.33M	224.07M
Normalized Net Operating Profit after Tax (NOPAT)	19	26	23	21	22	28	27	25	24	29	28
Normalized NOPAT Margin	11.73%	16.00%	14.07%	13.03%	13.50%	16.65%	16.14%	15.02%	14.77%	17.57%	17.24%
Pre Tax Income Margin	5.65%	-1.85%	8.32%	6.66%	11.70%	-23.42%	3.06%	6.70%	5.98%	21.06%	11.29%
Debt Service Ratios	-	-	-	-	-	-	-	-	-	-	-
EBIT to Interest Expense	1.47	0.81	1.73	1.65	1.92	-0.70	1.23	1.55	1.44	2.47	1.82
NOPAT to Interest Expense	1.47	1.31	1.69	1.66	1.41	1.17	1.76	1.55	1.39	1.74	1.79
EBIT Less CapEx to Interest Expense	2.89	-13.13	4.17	1.47	15.06	1.35	4.28	-0.17	1.73	3.07	-4.82
NOPAT Less CapEx to Interest Expense	2.89	-12.63	4.13	1.48	14.55	3.23	4.81	-0.17	1.69	2.33	-4.85
Payout Ratios	-	-	-	-	-	-	-	-	-	-	-
Dividend Payout Ratio	486.50%	369.26%	-28,582.98%	-1,614.63%	-1,641.25%	-777.57%	229.23%	181.34%	235.39%	89.98%	77.01%
Augmented Payout Ratio	486.50%	369.26%	-28,669.44%	-1,619.88%	-1,645.93%	-777.57%	229.95%	180.01%	233.81%	89.98%	77.01%

Frequently Asked Questions About Independence Realty Trust's Financials

When does Independence Realty Trust's fiscal year end?

According to the most recent income statement we have on file, Independence Realty Trust's financial year ends in December. Their financial year 2024 ended on December 31, 2024.

How has Independence Realty Trust's net income changed over the last 9 years?

Independence Realty Trust's net income appears to be on an upward trend, with a most recent value of $40.03 million in 2024, rising from $30.16 million in 2015. The previous period was -$17.81 million in 2023. Find out what analysts predict for Independence Realty Trust in the coming months.

What is Independence Realty Trust's operating income?

Independence Realty Trust's total operating income in 2024 was $125.49 million, based on the following breakdown:

Total Gross Profit: $374.52 million
Total Operating Expenses: $249.03 million

How has Independence Realty Trust revenue changed over the last 9 years?

Over the last 9 years, Independence Realty Trust's total revenue changed from $109.58 million in 2015 to $640.04 million in 2024, a change of 484.1%.

How much debt does Independence Realty Trust have?

Independence Realty Trust's total liabilities were at $2.48 billion at the end of 2024, a 8.5% decrease from 2023, and a 150.0% increase since 2015.

How much cash does Independence Realty Trust have?

In the past 9 years, Independence Realty Trust's cash and equivalents has ranged from $8.75 million in 2020 to $38.30 million in 2015, and is currently $21.23 million as of their latest financial filing in 2024.

How has Independence Realty Trust's book value per share changed over the last 9 years?

Over the last 9 years, Independence Realty Trust's book value per share changed from 7.74 in 2015 to 15.29 in 2024, a change of 97.7%.

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This page (NYSE:IRT) was last updated on 5/21/2025 by MarketBeat.com Staff

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Independence Realty Trust (IRT) Financials

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Independence Realty Trust (IRT) Financials

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