Independence Realty Trust (IRT) Financial Statements & Analysis

Independence Realty Trust (IRT) Income Statement

Independence Realty Trust reported revenue of $657.70M in fiscal 2025 (fiscal year ended Dec 31, 2025), up 2.8% from $640.03M a year earlier. Net income was $56.56M, up 43.9% year over year, a net margin of 8.6%. Gross margin was -14.9% and operating margin 18.4%. In the most recent quarter, Q2 fiscal 2026 (ended Jun 30, 2026), revenue was $167.24M, up 3.1% from the same quarter a year earlier.

Independence Realty Trust Income Statement Analysis

Values in millions USD

Income Statement Balance Sheet Cash Flow Ratios

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Independence Realty Trust, Inc. income statement - Annual data in millions USD
Breakdown	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018	FY 2017
Period ending	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020	Dec 2019	Dec 2018	Dec 2017
Revenue & Gross Profit
Revenue	657.70	640.04	660.98	628.53	250.25	211.91	203.22	191.23	161.22
Cost of Revenue	755.75	265.51	271.41	256.31	102.79	91.47	87.29	83.33	70.72
Gross Profit	-98.05	374.52	389.57	372.22	147.46	120.43	115.93	107.91	90.49
Operating Expenses
Research & Development	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-	-
Selling, General & Administrative	0.00	24.25	22.77	26.26	18.61	15.10	12.75	10.82	9.53
Operating Expenses	-219.28	245.10	241.73	279.11	95.52	120.43	12.75	56.04	43.73
Operating Income	121.23	129.43	147.84	107.48	51.94	0.00	103.18	51.82	45.43
Other Income/Expense
Interest Income	0.00	0.35	0.00	-2.17	0.00	0.00	0.00	0.00	0.00
Interest Expense	79.00	76.14	89.92	86.96	36.40	36.49	39.23	36.01	28.70
Other Income/Expense	-63.52	-13.25	-75.72	24.19	-6.41	14.88	-56.83	-25.21	-13.98
Income
Income Before Tax	57.71	40.03	-17.81	120.66	45.53	14.88	46.35	26.61	31.44
Income Tax Expense	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Net Income	56.56	39.29	-17.23	117.25	44.59	14.77	45.90	26.29	30.21
Net Income - Continuous Operations	56.56	40.03	-17.81	120.66	44.59	14.77	45.90	26.29	30.21
Net Income - Discontinued Operations	-	-	-	-	-	-	-	-	-
EBITDA	379.95	337.03	291.08	343.79	158.84	112.05	103.18	97.04	79.63
EBIT	136.71	116.17	72.11	90.94	51.94	-	-	-	-
Depreciation & Amortization	243.24	220.85	218.97	252.85	76.91	60.69	52.82	139.36	118.04
Earnings Per Share
Basic EPS	-	-	-	1.00	-	-	-	-	-
Diluted EPS	-	-	-	1.00	-	-	-	-	-
Basic Shares Outstanding	233.92	224.80	224.41	221.97	108.55	93.66	89.80	87.09	73.34
Diluted Shares Outstanding	234.75	225.58	224.41	223.12	109.83	94.69	90.42	87.38	73.60

Source: Company financial statements from annual and quarterly filings. Data as of Jun 30, 2026. Data sources and methodology

Frequently Asked Questions About Independence Realty Trust Financial Statements

What was Independence Realty Trust's revenue in fiscal 2025?

Independence Realty Trust reported revenue of $657.70M in fiscal 2025 (fiscal year ended Dec 31, 2025). That was up 2.8% from $640.03M a year earlier.

Is Independence Realty Trust profitable?

Yes. Independence Realty Trust earned net income of $56.56M in fiscal 2025, a net margin of 8.6%. In fiscal 2024 it earned $39.29M.

What is Independence Realty Trust's operating margin?

Independence Realty Trust's operating income was $121.22M on revenue of $657.70M in fiscal 2025, an operating margin of 18.4%, compared with 20.2% a year earlier.

What is net profit margin?

Net profit margin is net income divided by revenue. It shows how much of each dollar of sales a company keeps as profit after all costs, interest and taxes. Full definition