Independence Realty Trust (IRT) Financials

$19.09 +0.22 (+1.18%)

Closing price 03:59 PM Eastern

Extended Trading

$19.14 +0.05 (+0.25%)

As of 04:07 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	2015	2016	2017	2018	2019	2020	2021	2022	2023	2024
Net Income / (Loss) Attributable to Common Shareholders	28	-9.80	30	26	46	15	45	117	-17	39
Consolidated Net Income / (Loss)	30	-9.56	31	27	46	15	46	121	-18	40
Net Income / (Loss) Continuing Operations	24	-41	31	27	46	15	46	121	-18	40
Total Pre-Tax Income	-41	2.91	31	27	11	15	46	123	-13	40
Total Operating Income	10	40	61	62	50	44	4.52	96	144	125
Total Gross Profit	110	149	155	184	124	203	147	372	390	375
Total Revenue	110	153	161	191	203	212	250	629	661	640
Operating Revenue	103	153	161	191	203	212	250	629	661	640
Total Cost of Revenue	0.00	4.85	6.01	6.96	80	8.62	103	256	271	266
Operating Cost of Revenue	-	4.85	6.01	6.96	80	8.62	103	256	271	266
Total Operating Expenses	99	109	95	122	73	159	143	276	246	249
Selling, General & Admin Expense	7.79	11	9.53	11	13	15	19	26	23	24
Depreciation Expense	28	35	34	45	53	61	77	253	219	221
Restructuring Charge	14	0.04	1.34	-	0.00	0.00	47	5.51	3.21	0.00
Other Special Charges / (Income)	-	-	-19	-11	-	0.71	0.36	-8.87	0.93	3.94
Total Other Income / (Expense), net	-51	-37	-29	-36	-39	-29	41	26	-157	-86
Interest Expense	51	37	29	36	39	36	47	87	90	76
Other Income / (Expense), net	0.02	-0.00	0.09	0.14	-	7.55	88	113	-67	-9.86
Other Gains / (Losses), net	-	-	-	-	35	0.00	0.00	-2.17	-4.49	0.35
Net Income / (Loss) Attributable to Noncontrolling Interest	1.91	0.25	1.24	0.32	0.46	0.11	0.94	3.41	-0.58	0.74
Basic Earnings per Share	$0.78	($0.19)	$0.41	$0.30	$0.51	$0.16	$0.41	$0.53	($0.08)	$0.17
Weighted Average Basic Shares Outstanding	36.15M	52.18M	73.34M	87.09M	89.80M	93.66M	108.55M	221.97M	224.41M	224.80M
Diluted Earnings per Share	$0.78	($0.19)	$0.41	$0.30	$0.51	$0.16	$0.41	$0.53	($0.08)	$0.17
Weighted Average Diluted Shares Outstanding	36.16M	52.18M	73.60M	87.38M	90.42M	94.69M	109.83M	223.12M	224.41M	225.58M
Weighted Average Basic & Diluted Shares Outstanding	47.47M	69.04M	84.96M	89.25M	91.13M	101.86M	220.97M	224.33M	224.77M	230.91M
Cash Dividends to Common per Share	-	-	$0.72	$0.72	$0.72	$0.54	$0.48	$0.54	$0.62	$0.64

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

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

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

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

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	Q3 2022	Q1 2023	Q2 2023	Q3 2023	Q1 2024	Q2 2024	Q3 2024
Total Assets	6,634	6,494	6,517	6,578	5,973	5,940	5,948
Total Current Assets	24	12	14	17	21	21	18
Cash & Equivalents	24	12	14	17	21	21	18
Plant, Property, & Equipment, net	-379	-475	-520	-567	-623	-668	-716
Accumulated Depreciation	379	475	520	567	623	668	716
Total Noncurrent Assets	6,989	6,956	7,023	7,128	6,574	6,587	6,646
Long-Term Investments	6,705	6,742	6,710	6,842	6,272	6,308	6,437
Intangible Assets	1.04	0.00	0.00	0.27	0.00	0.00	1.16
Other Noncurrent Operating Assets	283	215	313	286	302	279	208
Total Liabilities & Shareholders' Equity	6,634	6,494	6,517	6,578	5,973	5,940	5,948
Total Liabilities	2,897	2,789	2,822	2,910	2,414	2,407	2,459
Total Current Liabilities	126	106	153	184	91	102	121
Short-Term Debt	-	-	-	-	-	-	1.78
Accounts Payable	126	106	116	139	84	102	119
Total Noncurrent Liabilities	2,771	2,683	2,670	2,726	2,323	2,305	2,338
Other Noncurrent Operating Liabilities	2,771	2,683	2,670	2,726	2,323	2,305	2,338
Total Equity & Noncontrolling Interests	3,737	3,705	3,695	3,668	3,559	3,534	3,489
Total Preferred & Common Equity	3,595	3,566	3,556	3,529	3,424	3,399	3,355
Preferred Stock	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Total Common Equity	3,595	3,566	3,556	3,529	3,424	3,399	3,355
Common Stock	3,752	3,755	3,757	3,753	3,756	3,757	3,758
Retained Earnings	-194	-215	-240	-272	-367	-393	-416
Accumulated Other Comprehensive Income / (Loss)	38	25	39	48	35	34	14
Noncontrolling Interest	141	139	139	139	136	135	134

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

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

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

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

Frequently Asked Questions About Independence Realty Trust's Financials

When does Independence Realty Trust's financial year end?

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

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 4/17/2025 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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