IRT - NYSE
Independence Realty Trust, Inc.
$16.54
+1.8%Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily apartment properties across non-gateway U.S. markets, including Atlanta, Louisville, Memphis, and Raleigh. IRT's investment strategy is focused on gaining scale within key amenity rich submarkets that offer good school districts, high-quality retail and major employment centers. IRT aims to provide stockholders attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.
At a Glance
Live SnapshotIndependence Realty Trust, Inc. Profit Bridge
Profitability Analysis
Gross Margin
Negative gross margin indicates the company is losing money on each sale—unsustainable long-term.
Operating Margin
Healthy operating margins demonstrate effective cost control and strong business fundamentals.
Net Profit Margin
Moderate profitability with room for improvement. Monitor interest expenses and tax efficiency.
Effective Tax Rate
Below-average tax rate suggests effective tax planning, favorable jurisdictions, or tax credits.
Profitability Insight
Critical situation: Negative gross margins indicate fundamental business model issues. The company loses money on every sale—immediate strategic changes required.
Independence Realty Trust, Inc. Income Statement
IRT • NYSE
| Independence Realty Trust, Inc. Income Statement | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 | Dec 2020 | Dec 2019 | Dec 2018 | Dec 2017 | Dec 2016 | Dec 2015 | Dec 2014 | Dec 2013 | Dec 2012 | Dec 2011 | Dec 2010 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
REVENUE | ||||||||||||||||
657.7M | 640M | 661M | 628.5M | 250.3M | 211.9M | 203.2M | 191.2M | 161.2M | 153.4M | 109.6M | 49.2M | 19.9M | 16.6M | 8.7M | 5.4K | |
GROSS PROFIT | ||||||||||||||||
(755.7M) | (265.5M) | (271.4M) | (256.3M) | (102.8M) | (91.5M) | (87.3M) | (83.3M) | (70.7M) | (68M) | (50M) | (23.4M) | (9.4M) | (8.1M) | (4.5M) | (0.0) | |
-98.1M | 374.5M | 389.6M | 372.2M | 147.5M | 120.4M | 115.9M | 107.9M | 90.5M | 85.4M | 59.6M | 25.8M | 10.5M | 8.6M | 4.2M | 5.4K | |
OPERATING INCOME | ||||||||||||||||
-219.3M | (245.1M) | (241.7M) | (279.1M) | (95.5M) | (120.4M) | (12.7M) | (56M) | (43.7M) | (45.7M) | (35.9M) | (15.4M) | (5.3M) | (4.7M) | (2.3M) | (440.0) | |
(0.0) | (24.2M) | (22.8M) | (26.3M) | (18.6M) | (15.1M) | (12.7M) | (10.8M) | (9.5M) | (10.9M) | (7.8M) | (2.9M) | (920K) | (1.2M) | (575K) | (440.0) | |
121.2M | 129.4M | 147.8M | 93.1M | 51.9M | 0.0 | 103.2M | 51.8M | 45.4M | 39.7M | 10.2M | 8.5M | 4.9M | 3.7M | 1.4M | 4.9K | |
PRE-TAX INCOME | ||||||||||||||||
(79M) | (76.1M) | (89.9M) | (87M) | (36.4M) | (36.5M) | (39.2M) | (36M) | (28.7M) | (35.5M) | (23.6M) | (8.5M) | (3.7M) | (3.3M) | (1.7M) | (0.0) | |
-79M | -76.1M | -89.9M | -87M | -36.4M | -36.5M | -39.2M | -36M | -28.7M | -35.5M | -23.6M | -8.5M | -3.7M | -3.3M | -1.7M | 0.0 | |
-219.3M | (220.9M) | (219M) | (252.8M) | (76.9M) | (105.3M) | (0.0) | (144K) | (89K) | -45M | (28.1M) | (12.5M) | (4.4M) | (3.5M) | (1.8M) | (0.0) | |
-63.5M | -89.4M | -165.6M | 27.6M | -6.4M | 14.9M | -56.8M | -25.2M | -14M | -49.2M | 20M | -5.6M | -3.7M | -3.3M | -1.7M | 0.0 | |
57.7M | 40M | -17.8M | 120.7M | 45.5M | 14.9M | 46.4M | 26.6M | 31.4M | -9.6M | 30.2M | 2.9M | 1.3M | 427K | -370K | 4.9K | |
NET INCOME | ||||||||||||||||
(0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (0.0) | (4K) | (0.0) | (0.0) | (0.0) | (1.2K) | |
56.6M | 39.3M | -17.2M | 117.2M | 44.6M | 14.8M | 45.9M | 26.3M | 30.2M | -9.8M | 28.2M | 2.9M | 625K | -108K | -112K | 3.7K |
SEC Filings
IRT - Filing history and reports
| Filing Type | Filing Date | Period Ending | Fiscal Year | Actions |
|---|---|---|---|---|
8-K 8-K 2026 N/A | June 01, 2026 | June 01, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 13, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | May 04, 2026 | May 04, 2026 | 2026 | |
10-Q 10-Q 2026 Q1 Q1 | April 30, 2026 | March 31, 2026 | 2026 | |
8-K 8-K 2026 N/A | April 29, 2026 | April 29, 2026 | 2026 | |
DEF 14A DEF 14A 2026 N/A | March 19, 2026 | May 13, 2026 | 2026 | |
8-K 8-K 2026 N/A | March 02, 2026 | March 02, 2026 | 2026 | |
10-K 10-K 2025 FY FY | February 17, 2026 | December 31, 2025 | 2025 | |
8-K 8-K 2026 N/A | February 11, 2026 | February 11, 2026 | 2026 | |
8-K 8-K 2026 N/A | February 06, 2026 | February 03, 2026 | 2026 |
Related Guides
Continue your IRT research with focused valuation guides.
Research Paths
Snapshot
Start with context, operating signals, and key market metrics.
Value Model
Stress test fair value across bear, base, and bull assumptions.
Statements
Validate revenue quality, margins, and balance sheet durability.
Earnings Call
Read management commentary and compare it with reported outcomes.
Dividends
Check payout sustainability and long-term distribution behavior.
Analyst Expectations
Review consensus spread and where estimate risk is concentrated.