Independence Realty Financial Statements
NYSE: IRTReal EstateReal Estate Investment TrustsUSD
At close: Oct 9, 4:00 PM ET · Delayed 15 min
Independence Realty revenue and earnings
In fiscal 2025, Independence Realty generated $657.7 million in revenue, up 2.8% from fiscal 2024. Net income was $56.6 million (+43.9% year over year), for a net margin of 8.6% versus a median of 7.0% in the prior 5 years. Diluted earnings per share came in at $0.24, up from $0.17.
Over the last 5 fiscal years, IRT's revenue has grown at a 25.4% compound annual rate.
Summary generated from market data by MetaCap's automated system. Methodology
Independence Realty income statement (annual)
| Fiscal year (USD) | FY 20252025-12-31 | FY 20242024-12-31 | FY 20232023-12-31 | FY 20222022-12-31 | FY 20212021-12-31 | FY 20202020-12-31 | FY 20192019-12-31 | FY 20182018-12-31 | FY 20172017-12-31 | FY 20162016-12-31 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 657.70M | 640.03M | 660.98M | 628.52M | 250.25M | 211.91M | 203.22M | 191.23M | 161.22M | 153.39M |
| Revenue growth (YoY) | +2.76% | -3.17% | +5.16% | +151.16% | +18.10% | +4.27% | +6.27% | +18.62% | +5.10% | +39.98% |
| Cost of Revenue | — | — | — | — | — | — | 7.73M | 6.96M | 6.01M | 4.85M |
| Gross Profit | — | — | — | — | — | — | 195.50M | 184.27M | 155.21M | 148.54M |
| Operating Expenses | — | — | — | — | — | — | — | 132.45M | 109.78M | 108.88M |
| Operating Income | — | — | — | — | — | — | — | 51.82M | 45.42M | 39.66M |
| Interest Expense | 79.00M | 76.14M | 89.92M | 86.95M | 36.40M | 36.49M | 39.23M | 36.01M | 28.70M | 35.53M |
| Other Income (Expense) | -352.00K | -1.00K | -427.00K | 1.56M | 0 | 0 | — | 144.00K | 89.00K | -4.00K |
| Income Tax | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Income | 56.56M | 39.29M | -17.23M | 117.25M | 44.59M | 14.77M | 45.90M | 26.29M | 30.21M | -9.55M |
| Net Income growth (YoY) | +43.95% | — | -114.69% | +162.95% | +201.93% | -67.82% | +74.59% | -12.97% | — | -131.69% |
| EPS (Basic) | 0.24 | 0.17 | -0.08 | 0.53 | 0.41 | 0.16 | 0.51 | 0.30 | 0.41 | -0.19 |
| EPS (Diluted) | 0.24 | 0.17 | -0.08 | 0.53 | 0.41 | 0.16 | 0.51 | 0.30 | 0.41 | -0.19 |
| Shares Outstanding (Basic) | 233.92M | 224.80M | 224.41M | 221.97M | 108.55M | 93.66M | 89.80M | 87.09M | 73.34M | 52.18M |
| Shares Outstanding (Diluted) | 234.75M | 225.58M | 224.41M | 223.12M | 109.83M | 94.69M | 90.42M | 87.38M | 73.60M | 52.18M |
| EBITDA | — | — | — | — | — | — | — | 97.04M | 79.63M | 74.49M |
| Gross Margin | — | — | — | — | — | — | 96.20% | 96.36% | 96.27% | 96.84% |
| Operating Margin | — | — | — | — | — | — | — | 27.10% | 28.18% | 25.86% |
| Net Margin | 8.60% | 6.14% | -2.61% | 18.65% | 17.82% | 6.97% | 22.58% | 13.75% | 18.74% | -6.23% |
This table shows 10 annual periods of Independence Realty's income statement, from FY 2025 back to FY 2016, across 18 line items including revenue, cost of revenue, gross profit. Values in USD; B = billions, M = millions. Fiscal periods follow IRT's reporting calendar. What is a income statement?