Independence Realty Trust, Inc. (IRT) Financial Statements
Industry: Real Estate Investment Trusts
In fiscal 2025, Independence Realty Trust reported revenue of $657.7M, up 2.8% from $640.0M the year before. Net income was $56.6M (a 8.6% net margin), or $0.24 per diluted share. Gross margin was 18.2% and operating margin was 63.5%. Operating activities generated $282.1M of cash. At fiscal year end, Independence Realty Trust held $6.02B in total assets against $2.43B in total liabilities, including $23.6M of cash and equivalents.
Open the full interactive Independence Realty Trust financials → Quarterly statements, key ratios, valuation history and price charts.
Independence Realty Trust Key Stats
| Share Price | $14.85 |
|---|---|
| Market Cap | $3.51B |
| P/E Ratio | 61.9 |
| Revenue YoY Growth | +2.8% |
| 52-Week Range | $14.40 – $17.14 |
| Shares Outstanding | 235.4 million (basic, 2026 Q2) |
Independence Realty Trust Income Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Revenue | $211.9M | $250.3M | $628.5M | $661.0M | $640.0M | $657.7M |
| Cost of Goods Sold | $168.1M | $198.7M | $526.6M | $514.1M | $3.9M | $537.8M |
| Gross Profit | $43.8M | $51.6M | $102.0M | $146.9M | $636.1M | $119.9M |
| Operating Income | -$32.0M | -$43.9M | -$177.1M | -$94.8M | $391.0M | $417.3M |
| Pre-Tax Income | $14.8M | $44.6M | $117.2M | -$17.2M | $39.3M | $56.6M |
| Income Tax | $0 | $0 | $0 | $0 | — | $0 |
| Net Income | $14.8M | $44.6M | $117.2M | -$17.2M | $39.3M | $56.6M |
| Diluted EPS | $0.16 | $0.41 | $0.53 | -$0.08 | $0.17 | $0.24 |
Independence Realty Trust Quarterly Results
| 2025 Q3 | 2025 Q4 | 2026 Q1 | 2026 Q2 | |
|---|---|---|---|---|
| Revenue | $167.1M | $167.1M | $165.3M | $167.2M |
| Net Income | $6.9M | $33.3M | -$68,000 | $3.4M |
| Diluted EPS | $0.03 | $0.14 | — | $0.01 |
Independence Realty Trust Balance Sheet
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash & Equivalents | $8.8M | $36.0M | $16.1M | $22.9M | $21.2M | $23.6M |
| Total Assets | $1.73B | $6.51B | $6.53B | $6.28B | $6.06B | $6.02B |
| Total Long-Term Debt | $945.7M | $2.71B | $2.63B | $2.55B | $2.33B | $2.28B |
| Total Liabilities | $1.02B | $2.86B | $2.79B | $2.71B | $2.48B | $2.43B |
| Shareholders' Equity | $708.1M | $3.48B | $3.60B | $3.43B | $3.44B | $3.46B |
Independence Realty Trust Cash Flow Statement
| FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|---|
| Cash From Operations | $75.0M | $52.3M | $249.5M | $262.2M | $259.8M | $282.1M |
| Cash From Investing | -$124.5M | -$216.1M | -$135.8M | -$1.7M | -$20.6M | -$142.9M |
| Cash From Financing | $48.8M | $215.9M | -$135.4M | -$253.7M | -$246.4M | -$135.1M |
| Free Cash Flow | $74.9M | $52.1M | — | — | — | — |
Figures from Independence Realty Trust's 10-K and 10-Q filings with the SEC, as of 2026-10-14. Fiscal years follow the company's own reporting calendar. EPS and share counts are adjusted for later stock splits. See the full Independence Realty Trust financials page for every line item.
Independence Realty Trust Company Profile
| Ticker | IRT |
|---|---|
| Exchange | NYSE |
| Industry | Real Estate Investment Trusts |
| Headquarters | Philadelphia, Pennsylvania |
| Incorporated in | Maryland |
| Fiscal Year End | December 31 |
| SEC Filer Category | Large accelerated filer |
| SEC CIK | 0001466085 |
Frequently Asked Questions
What was Independence Realty Trust's revenue in fiscal 2025?
Independence Realty Trust (IRT) reported revenue of $657.7M for fiscal 2025.
What is Independence Realty Trust's annual revenue history?
Independence Realty Trust's annual revenue by fiscal year: 2020: $211.9M; 2021: $250.3M; 2022: $628.5M; 2023: $661.0M; 2024: $640.0M; 2025: $657.7M.
What was Independence Realty Trust's net income in fiscal 2025?
Independence Realty Trust reported net income of $56.6M for fiscal 2025.
What was Independence Realty Trust's earnings per share (EPS) in fiscal 2025?
Independence Realty Trust's diluted EPS was $0.24 for fiscal 2025 (adjusted for any later stock splits).
What was Independence Realty Trust's revenue last quarter?
In its most recent reported quarter (2026 Q2), Independence Realty Trust reported revenue of $167.2M.
How much debt does Independence Realty Trust have?
Independence Realty Trust reported $2.28B of long-term debt, including the current portion, at the end of fiscal 2025.
How many shares of Independence Realty Trust are outstanding?
Independence Realty Trust reported a weighted average of 235.4 million basic shares outstanding in 2026 Q2.
What is Independence Realty Trust's market cap?
Based on its latest closing price, Independence Realty Trust (IRT) has a market capitalization of about $3.51B.
When does Independence Realty Trust's fiscal year end?
Independence Realty Trust's fiscal year end, as registered with the SEC, is December 31.
Where is Independence Realty Trust headquartered?
Independence Realty Trust lists its business address in Philadelphia, Pennsylvania in its SEC filings.