Independence Realty Trust Inc - Understand $irt stock

$IRT Market Cap: $4.831 Billion

Research Board Inbox Deep Research Not Interested Shortlisted

Financial Snapshot

Revenue

$646.1M

TTM

Gross Margin

79.29%

TTM

Net Earnings

-$219.0K

TTM

Current Assets

$17.61M

Q3 2024

Current Liabilities

$163.1M

Q3 2024

Current Ratio

10.8%

Q3 2024

Total Assets

$5.948B

Q3 2024

Total Liabilities

$2.459B

Q3 2024

Book Value

$3.489B

Q3 2024

Cash

$17.61M

Q3 2024

P/E

-22.06K

Nov 13, 2024 EST

Free Cash Flow

$69.06M

TTM

Revenues

Revenue YoY Change

Revenues

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$661.0M	$628.5M	$250.3M	$211.9M	$203.2M	$191.2M	$161.2M	$153.4M	$109.6M	$49.17M	$19.94M	$16.63M	$8.668M	$5.000K	$0.00
YoY Change	5.16%	151.16%	18.1%	4.27%	6.27%	18.62%	5.1%	39.98%	122.85%	146.56%	19.93%	91.84%	173260.0%

Expenses

Cost Of Revenues

Gross Profit

Gross Profit Margin

Gross Profit

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Revenue	$661.0M	$628.5M	$250.3M	$211.9M	$203.2M	$191.2M	$161.2M	$153.4M	$109.6M	$49.17M	$19.94M	$16.63M	$8.668M	$5.000K	$0.00
Cost Of Revenue	$271.4M	$256.3M	$102.8M	$91.50M	$87.30M	$6.963M	$6.006M	$4.847M	$55.60M	$25.10M	$9.700M	$8.100M	$4.500M
Gross Profit	$389.6M	$372.2M	$148.1M	$120.4M	$115.9M	$184.3M	$155.2M	$148.5M	$54.00M	$24.00M	$10.20M	$8.600M	$4.200M
Gross Profit Margin	58.94%	59.22%	59.18%	56.82%	57.03%	96.36%	96.27%	96.84%	49.28%	48.81%	51.15%	51.72%	48.45%

Selling, General & Admin Expense

Research & Development

Depreciation, Depletion & Amortization

SGA Expense to Gross Profit Ratio

R&D To Gross Profit Ratio

DDA To Gross Profit Ratio

Operating Expenses Total

Operating Profits/Loss

Operational Expenses

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Selling, General & Admin	$22.77M	$26.26M	$18.61M	$15.10M	$12.70M	$10.80M	$9.500M	$3.400M	$2.200M	$1.100M	$600.0K	$1.200M	$600.0K	$0.00	$0.00
YoY Change	-13.31%	41.11%	23.25%	18.9%	17.59%	13.68%	179.41%	54.55%	100.0%	83.33%	-50.0%	100.0%
% of Gross Profit	5.84%	7.06%	12.57%	12.54%	10.96%	5.86%	6.12%	2.29%	4.07%	4.58%	5.88%	13.95%	14.29%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$219.0M	$197.5M	$70.58M	$60.06M	$51.22M	$41.79M	$32.67M	$31.09M	$20.89M	$8.742M	$3.923M	$3.388M	$1.748M
YoY Change	10.85%	179.89%	17.52%	17.26%	22.56%	27.93%	5.07%	48.84%	138.94%	122.84%	15.79%	93.82%
% of Gross Profit	56.21%	53.07%	47.66%	49.88%	44.19%	22.68%	21.05%	20.93%	38.68%	36.43%	38.46%	39.4%	41.62%
Operating Expenses	$241.7M	$279.1M	$95.52M	$75.80M	$65.60M	$56.10M	$43.80M	$38.20M	$30.20M	$13.70M	$5.100M	$4.600M	$2.300M	$0.00	$0.00
YoY Change	-13.39%	192.2%	26.01%	15.55%	16.93%	28.08%	14.66%	26.49%	120.44%	168.63%	10.87%	100.0%
Operating Profit	$147.8M	$93.11M	$52.57M	$44.60M	$50.30M	$128.2M	$45.43M	$39.66M	$10.18M	$8.541M	$4.933M	$3.732M	$1.357M	$5.000K
YoY Change	58.78%	77.11%	17.87%	-11.33%	-60.75%	182.16%	14.53%	289.53%	19.21%	73.14%	32.18%	175.02%	27040.0%

Interest Expenses

Interest Expenses To Operating Income %

Other Expense/Income

Interest & Other Expense/Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Interest Expense	-$94.41M	$86.96M	-$36.40M	$36.49M	$39.23M	-$36.00M	$28.70M	$35.54M	$23.55M	$8.496M	$3.659M	$3.305M	$1.727M	$0.00
YoY Change	-208.57%	-338.88%	-199.76%	-6.98%	-208.96%	-225.43%	-19.23%	50.87%	177.22%	132.19%	10.71%	91.37%
% of Operating Profit	-63.86%	93.39%	-69.24%	81.81%	77.98%	-28.09%	63.19%	89.59%	231.32%	99.47%	74.17%	88.56%	127.27%	0.0%
Other Income/Expense, Net	-$427.0K	$1.558M	$0.00	$0.00	$0.00	$144.0K	$89.00K	-$4.000K	$19.00K
YoY Change	-127.41%				-100.0%	61.8%	-2325.0%	-121.05%

Income/Loss

Pretax Income

Income Tax

Net Profits/Loss

Pretax Income YoY Change

Income Tax Rate

Net Profits/Loss YoY Change

Basic EPS

Net Income To Revenue Ratio

Pretax & Net Income

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Pretax Income	-$17.81M	$120.7M	$45.53M	$14.90M	$46.40M	$26.60M	$31.40M	-$9.600M	$30.20M	$2.900M	$1.300M	$427.0K	-$370.0K	$5.000K	$0.00
YoY Change	-114.76%	165.02%	205.56%	-67.89%	74.44%	-15.29%	-427.08%	-131.79%	941.38%	123.08%	204.45%	-215.41%	-7500.0%
Income Tax	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$1.000K	$0.00
% Of Pretax Income		0.0%	0.0%	0.0%	0.0%	0.0%	0.0%		0.0%	0.0%	0.0%	0.0%		20.0%
Net Earnings	-$17.23M	$117.2M	$44.59M	$14.77M	$45.90M	$26.29M	$30.21M	-$9.800M	$30.16M	$2.940M	$615.0K	-$123.0K	-$112.0K	$4.000K	$0.00
YoY Change	-114.69%	162.95%	201.93%	-67.82%	74.59%	-12.97%	-408.22%	-132.5%	925.71%	378.05%	-600.0%	9.82%	-2900.0%
Net Earnings / Revenue	-2.61%	18.65%	17.82%	6.97%	22.58%	13.75%	18.74%	-6.39%	27.52%	5.98%	3.08%	-0.74%	-1.29%	80.0%
Basic Earnings Per Share	-$0.08	$0.53	$0.41	$0.16	$0.51	$0.30	$0.41	-$0.19	$0.78	$0.14	$0.12	-$0.45	-$5.60	$0.20
Diluted Earnings Per Share	-$0.08	$0.53	$0.41	$0.16	$0.51	$0.30	$0.41	-$0.19	$0.78	$0.14	$0.12	-$0.45	-$5.60	$0.20	$60.00K

Assets & Liabilities

Cash & Short-Term Investments

Cash & Equivalents

Cash To Operating Expenses Ratio

Inventory

Receivables

Total Short-Term Assets

Property, Plant And Equipment

Long-Term Investments

Total Long-Term Assets

Total Assets

Net Income To Total Assets Percentage

Accounts Payable

Short-Term Debt

Long Term Debt Due

Total Short-Term Liabilities

Long-Term Debt

Other Long-Term Liabilities

Total Long-Term Liabilities

Total Liabilities

Short-Term To Long-Term Debt Ratio

Short-Term Assets To Debt Ratio

Long-Term Debt To Net Income Ratio

Assets & Liabilities

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010	2009
Cash & Short-Term Investments	$22.85M	$16.08M	$35.97M	$8.800M	$9.900M	$9.300M	$10.00M	$20.90M	$38.30M	$14.80M	$3.300M	$2.500M	$1.100M	$200.0K	$200.0K
YoY Change	42.08%	-55.29%	308.77%	-11.11%	6.45%	-7.0%	-52.15%	-45.43%	158.78%	348.48%	32.0%	127.27%	450.0%	0.0%
Cash & Equivalents	$22.85M	$16.08M	$35.97M	$8.800M	$9.900M	$9.300M	$10.00M	$20.90M	$38.30M	$14.80M	$3.300M	$2.500M	$1.100M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$296.3M	$35.78M	$61.56M			$77.30M	$0.00	$60.80M	$0.00
Prepaid Expenses
Receivables						$8.800M	$7.600M	$5.200M	$3.400M	$2.300M	$1.700M	$300.0K	$500.0K
Other Receivables						$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
Total Short-Term Assets	$319.2M	$51.86M	$97.53M	$8.800M	$9.900M	$95.40M	$17.60M	$86.90M	$41.70M	$17.10M	$5.000M	$2.800M	$1.600M	$200.0K	$200.0K
YoY Change	515.46%	-46.83%	1008.32%	-11.11%	-89.62%	442.05%	-79.75%	108.39%	143.86%	242.0%	78.57%	75.0%	700.0%	0.0%
Property, Plant & Equipment	$5.775B	$6.299B	$6.264B	$1.711B	$1.641B	$1.548B	$1.420B	$1.198B	$1.332B	$665.7M	$174.3M	$141.3M	$128.1M
YoY Change	-8.32%	0.56%	266.12%	4.27%	5.97%	9.02%	18.56%	-10.1%	100.15%	281.93%	23.35%	10.3%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments	$89.04M	$80.22M	$25.00M
YoY Change	11.0%	220.89%
Other Assets	$27.88M	$27.93M	$29.70M	$4.900M	$4.500M	$6.700M	$4.600M	$5.500M	$5.400M	$8.100M	$2.000M	$2.000M	$1.600M
YoY Change	-0.19%	-5.95%	506.1%	8.89%	-32.84%	45.65%	-16.36%	1.85%	-33.33%	305.0%	0.0%	25.0%
Total Long-Term Assets	$5.961B	$6.480B	$6.409B	$1.726B	$1.654B	$1.564B	$1.433B	$1.207B	$1.342B	$677.1M	$176.9M	$143.4M	$129.8M	$0.00	$0.00
YoY Change	-8.01%	1.11%	271.31%	4.35%	5.77%	9.13%	18.69%	-10.0%	98.12%	282.76%	23.36%	10.48%
Total Assets	$6.280B	$6.532B	$6.507B	$1.735B	$1.664B	$1.659B	$1.451B	$1.294B	$1.383B	$694.2M	$181.9M	$146.2M	$131.4M	$200.0K	$200.0K
YoY Change
Accounts Payable	$109.1M	$109.7M	$106.3M	$25.40M	$25.40M	$22.80M	$17.20M	$14.00M	$19.30M	$8.400M	$2.400M	$2.000M	$1.500M	$0.00	$0.00
YoY Change	-0.55%	3.15%	318.63%	0.0%	11.4%	32.56%	22.86%	-27.46%	129.76%	250.0%	20.0%	33.33%
Accrued Expenses	$7.917M	$11.11M	$10.43M	$5.000M	$5.400M	$700.0K	$200.0K	$500.0K	$1.200M	$0.00	$100.0K	$0.00		$0.00	$0.00
YoY Change	-28.77%	6.56%	108.6%	-7.41%	671.43%	250.0%	-60.0%	-58.33%		-100.0%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00	$0.00
YoY Change
Long-Term Debt Due	$66.83M	$9.677M	$9.038M	$48.50M
YoY Change	590.58%	7.07%	-81.36%
Total Short-Term Liabilities	$153.8M	$162.7M	$142.6M	$91.20M	$47.30M	$39.70M	$22.60M	$18.80M	$23.50M	$10.40M	$3.000M	$2.500M	$1.500M
YoY Change	-5.42%	14.07%	56.35%	92.81%	19.14%	75.66%	20.21%	-20.0%	125.96%	246.67%	20.0%	66.67%
Long-Term Debt	$2.549B	$2.622B	$2.696B	$897.2M	$985.6M	$985.5M	$778.4M	$743.8M	$966.6M	$418.9M	$103.3M	$92.40M	$0.00	$0.00	$0.00
YoY Change	-2.77%	-2.76%	200.52%	-8.97%	0.01%	26.61%	4.65%	-23.05%	130.75%	305.52%	11.8%
Other Long-Term Liabilities	$9.723M	$9.603M	$25.73M	$33.80M	$11.50M	$4.100M	$3.400M	$2.900M	$3.000M	$1.800M	$700.0K	$400.0K	$82.80M
YoY Change	1.25%	-62.68%	-23.88%	193.91%	180.49%	20.59%	17.24%	-3.33%	66.67%	157.14%	75.0%	-99.52%
Total Long-Term Liabilities	$2.559B	$2.632B	$2.722B	$931.0M	$997.1M	$989.6M	$781.8M	$746.7M	$969.6M	$420.7M	$104.0M	$92.80M	$82.80M	$0.00	$0.00
YoY Change	-2.75%	-3.32%	192.38%	-6.63%	0.76%	26.58%	4.7%	-22.99%	130.47%	304.52%	12.07%	12.08%
Total Liabilities	$2.849B	$2.935B	$3.026B	$1.027B	$1.051B	$1.036B	$826.5M	$787.4M	$1.019B	$442.9M	$107.0M	$143.1M	$131.3M	$0.00	$0.00
YoY Change	-2.95%	-2.99%	194.7%	-2.28%	1.4%	25.38%	4.97%	-22.73%	130.07%	313.93%	-25.23%	8.99%

Ownership

Basic Shares Outstanding

Diluted Shares Outstanding

Preferred Stock

Treasury Stock Shares

Stock Issuance & Repurchase

Ownership Data

Concept	2023	2022	2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2011	2010
Basic Shares Outstanding	224.4M shares	222.0M shares	108.6M	93.66M	89.80M	87.09M	73.34M	52.18M	36.15M	21.32M	5.331M	275.4K shares	20.00K shares	20.00K shares
Diluted Shares Outstanding	224.4M shares	223.1M shares	109.8M	94.69M	90.42M	87.38M	73.60M	52.18M	36.16M	21.53M	5.331M	275.4K shares	20.00K shares	20.00K shares
Preferred Stock
Treasury Stock Shares

Return On Shareholders' Equity

Book Value

Free Cash Flow

Free Cash Flow YoY

Free Cash Flow Margin

Dividends

Stock Price

Market Cap: $4.831 Billion

About Independence Realty Trust Inc

Independence Realty Trust, Inc. is a real estate investment trust, which acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets. The company is headquartered in Philadelphia, Pennsylvania and currently employs 952 full-time employees. The company went IPO on 2013-08-13. The Company’s investment strategy is focused on gaining scale near major employment centers within submarkets that offer good school districts and retail. The firm acquires, owns, operates, improves, and manages multifamily apartment communities across non-gateway United States markets. The firm owns and operates approximately 113 multifamily apartment properties across non-gateway United States markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa, Florida. The Company’s portfolio of properties consists primarily of apartment communities geographically concentrated in the Southeastern and Midwest United States. The firm owns all of its assets and conducts all its operations through Independence Realty Operating Partnership, LP (IROP).

Industry: Real Estate Investment Trusts Peers: Apartment Income REIT Corp. American Homes 4 Rent Apartment Investment and Management Co AvalonBay Communities Inc Camden Property Trust Equity LifeStyle Properties Inc NexPoint Residential Trust, Inc. PREFERRED APARTMENT COMMUNITIES INC Elme Communities