2022 Q3 Form 10-Q Financial Statement
#000146608522000063 Filed on July 28, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $160.6M | $154.8M | $150.4M |
YoY Change | 163.71% | 169.42% | 172.83% |
Cost Of Revenue | $65.71M | $65.11M | $61.44M |
YoY Change | 159.08% | 166.06% | 169.71% |
Gross Profit | $94.89M | $89.65M | $88.92M |
YoY Change | 167.01% | 171.27% | 174.62% |
Gross Profit Margin | 59.08% | 57.93% | 59.14% |
Selling, General & Admin | $5.625M | $6.968M | $7.928M |
YoY Change | 41.15% | 64.3% | 33.47% |
% of Gross Profit | 5.93% | 7.77% | 8.92% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $49.27M | $48.09M | $49.09M |
YoY Change | 189.54% | 194.61% | 203.86% |
% of Gross Profit | 51.92% | 53.65% | 55.21% |
Operating Expenses | $55.35M | $79.76M | $86.10M |
YoY Change | 159.01% | 279.74% | 282.85% |
Operating Profit | $39.54M | $9.887M | $2.821M |
YoY Change | 179.07% | -17.91% | -71.48% |
Interest Expense | $22.09M | $20.99M | $20.53M |
YoY Change | 153.94% | 145.29% | 144.85% |
% of Operating Profit | 55.87% | 212.34% | 727.79% |
Other Income/Expense, Net | $765.0K | $294.0K | $380.0K |
YoY Change | |||
Pretax Income | $16.65M | -$7.399M | $76.88M |
YoY Change | 44.01% | -317.17% | 6953.21% |
Income Tax | $0.00 | $0.00 | $0.00 |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | $16.22M | -$7.205M | $74.60M |
YoY Change | 41.05% | -312.79% | 6769.24% |
Net Earnings / Revenue | 10.1% | -4.66% | 49.61% |
Basic Earnings Per Share | $0.07 | -$0.03 | $0.34 |
Diluted Earnings Per Share | $0.07 | -$0.03 | $0.34 |
COMMON SHARES | |||
Basic Shares Outstanding | 222.1M shares | 221.2M shares | 220.8M shares |
Diluted Shares Outstanding | 222.9M shares | 221.2M shares | 222.0M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $23.75M | $11.38M | $23.97M |
YoY Change | 172.4% | 50.38% | 175.53% |
Cash & Equivalents | $23.75M | $11.38M | $23.97M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $82.18M | $81.82M | $80.99M |
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $105.9M | $93.20M | $105.0M |
YoY Change | -17.96% | 162.7% | 1106.47% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $6.345B | $6.164B | $6.150B |
YoY Change | 276.79% | 241.17% | 261.49% |
Goodwill | |||
YoY Change | |||
Intangibles | $1.039M | $18.00K | $24.19M |
YoY Change | -97.48% | ||
Long-Term Investments | $70.61M | $54.18M | $43.54M |
YoY Change | 420.67% | 430.9% | |
Other Assets | $35.83M | $31.02M | $26.79M |
YoY Change | 483.72% | 381.56% | 508.84% |
Total Long-Term Assets | $6.528B | $6.293B | $6.282B |
YoY Change | 280.0% | 242.1% | 265.4% |
TOTAL ASSETS | |||
Total Short-Term Assets | $105.9M | $93.20M | $105.0M |
Total Long-Term Assets | $6.528B | $6.293B | $6.282B |
Total Assets | $6.634B | $6.387B | $6.387B |
YoY Change | 259.17% | 240.6% | 269.64% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $126.3M | $98.17M | $81.50M |
YoY Change | 219.02% | 221.56% | 232.64% |
Accrued Expenses | $14.39M | $10.45M | $10.09M |
YoY Change | 226.31% | 121.73% | 110.29% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | $2.327M | $6.754M | $7.879M |
YoY Change | -68.67% | -84.1% | -81.46% |
Total Short-Term Liabilities | $175.2M | $147.3M | $126.8M |
YoY Change | 173.44% | 62.96% | 50.79% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $2.711B | $2.546B | $2.534B |
YoY Change | 168.1% | 151.11% | 179.99% |
Other Long-Term Liabilities | $10.45M | $11.52M | $12.91M |
YoY Change | -51.51% | -50.95% | -45.3% |
Total Long-Term Liabilities | $2.722B | $2.558B | $2.547B |
YoY Change | 163.52% | 146.53% | 174.27% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $175.2M | $147.3M | $126.8M |
Total Long-Term Liabilities | $2.722B | $2.558B | $2.547B |
Total Liabilities | $2.897B | $2.705B | $2.674B |
YoY Change | 163.17% | 139.02% | 162.77% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$194.0M | -$178.9M | -$140.6M |
YoY Change | |||
Common Stock | $3.752B | $3.701B | $3.681B |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $3.595B | $3.541B | $3.550B |
YoY Change | |||
Total Liabilities & Shareholders Equity | $6.634B | $6.387B | $6.387B |
YoY Change | 259.17% | 240.6% | 269.64% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $16.22M | -$7.205M | $74.60M |
YoY Change | 41.05% | -312.79% | 6769.24% |
Depreciation, Depletion And Amortization | $49.27M | $48.09M | $49.09M |
YoY Change | 189.54% | 194.61% | 203.86% |
Cash From Operating Activities | $79.65M | $71.01M | $40.58M |
YoY Change | 161.39% | 214.02% | 96.63% |
INVESTING ACTIVITIES | |||
Capital Expenditures | -$45.79M | -$30.02M | -$19.84M |
YoY Change | 214.03% | 190.82% | 186.68% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$193.5M | -$31.87M | $146.9M |
YoY Change | -640.21% | -78.62% | -39803.78% |
Cash From Investing Activities | -$239.3M | -$61.90M | $127.1M |
YoY Change | -1226.63% | -61.17% | -1845.17% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 176.9M | -17.48M | -$182.6M |
YoY Change | -447.71% | -112.69% | 1216.2% |
NET CHANGE | |||
Cash From Operating Activities | 79.65M | 71.01M | $40.58M |
Cash From Investing Activities | -239.3M | -61.90M | $127.1M |
Cash From Financing Activities | 176.9M | -17.48M | -$182.6M |
Net Change In Cash | 17.19M | -8.365M | -$14.91M |
YoY Change | 1919.62% | -1027.38% | 2806.63% |
FREE CASH FLOW | |||
Cash From Operating Activities | $79.65M | $71.01M | $40.58M |
Capital Expenditures | -$45.79M | -$30.02M | -$19.84M |
Free Cash Flow | $125.4M | $101.0M | $60.42M |
YoY Change | 178.43% | 206.75% | 119.24% |
Facts In Submission
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2022 | ||
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INDEPENDENCE REALTY TRUST, INC. | ||
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|
6968000 | usd |
CY2021Q2 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4241000 | usd |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
14896000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
10183000 | usd | |
CY2022Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
72793000 | usd |
CY2021Q2 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
16763000 | usd |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
150966000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
33315000 | usd | |
CY2022Q2 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
5592000 | usd |
CY2021Q2 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
0 | usd |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
6985000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-359000 | usd | |
CY2022Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
139284000 | usd |
CY2021Q2 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
45478000 | usd |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
285431000 | usd | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
91112000 | usd | |
CY2022Q2 | us-gaap |
Interest Expense
InterestExpense
|
20994000 | usd |
CY2021Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-934000 | usd | |
CY2021Q2 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | usd |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
94712000 | usd | |
CY2021Q2 | us-gaap |
Interest Expense
InterestExpense
|
8559000 | usd |
us-gaap |
Interest Expense
InterestExpense
|
41525000 | usd | |
us-gaap |
Interest Expense
InterestExpense
|
16944000 | usd | |
CY2022Q2 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | usd |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | usd | |
CY2022Q2 | irt |
Merger And Integration Costs
MergerAndIntegrationCosts
|
1307000 | usd |
CY2021Q2 | irt |
Merger And Integration Costs
MergerAndIntegrationCosts
|
0 | usd |
irt |
Merger And Integration Costs
MergerAndIntegrationCosts
|
3202000 | usd | |
irt |
Merger And Integration Costs
MergerAndIntegrationCosts
|
0 | usd | |
CY2022Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
294000 | usd |
CY2021Q2 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | usd |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
736000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | usd | |
CY2022Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-871000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-7399000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3407000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
69482000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
4500000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-194000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
21000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2087000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
28000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7205000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3386000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
67395000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4472000 | usd | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
221164284 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102023204 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
220982714 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
101847876 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
221164284 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102923924 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
222033857 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102822099 | shares | |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-7399000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3407000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
69482000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
4500000 | usd | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
10169000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
364000 | usd |
us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
34879000 | usd | |
us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
15537000 | usd | |
CY2022Q2 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-1502000 | usd |
CY2021Q2 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-1861000 | usd |
us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-3622000 | usd | |
us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-3621000 | usd | |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
8667000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1497000 | usd |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
31257000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
11916000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
1268000 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
1910000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
100739000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
16416000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
1000 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
38000 | usd |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
2974000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
133000 | usd | |
CY2022Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1267000 | usd |
CY2021Q2 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
1872000 | usd |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
97765000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
16283000 | usd | |
CY2021Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3642076000 | usd |
CY2022Q1 | us-gaap |
Profit Loss
ProfitLoss
|
76880000 | usd |
CY2022Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.12 | |
CY2022Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
26833000 | usd |
CY2022Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
22590000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3538000 | usd |
CY2022Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
3183000 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | usd |
CY2022Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-844000 | usd |
CY2022Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.14 | |
CY2022Q1 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.12 | |
CY2022Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
837000 | usd |
CY2022Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3713387000 | usd |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-7399000 | usd |
CY2022Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
31054000 | usd |
CY2022Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
8667000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1715000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
2698000 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | usd |
CY2022Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-116000 | usd |
CY2022Q2 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.14 | |
CY2022Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
852000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3681650000 | usd |
CY2020Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
712771000 | usd |
CY2021Q1 | us-gaap |
Profit Loss
ProfitLoss
|
1093000 | usd |
CY2021Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.12 | |
CY2021Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
12486000 | usd |
CY2021Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
13413000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3348000 | usd |
CY2021Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
2862000 | usd |
CY2021Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-59000 | usd |
CY2021Q1 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.12 | |
CY2021Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
80000 | usd |
CY2021Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
715138000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3407000 | usd |
CY2021Q2 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-1497000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
1357000 | usd |
CY2021Q2 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
80000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
41610000 | usd |
CY2021Q2 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | usd |
CY2021Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.12 | |
CY2021Q2 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
12585000 | usd |
CY2021Q2 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.12 | |
CY2021Q2 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
67000 | usd |
CY2021Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
747283000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
69482000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
4500000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
150966000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
33315000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
5495000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
0 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1824000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
738000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
5178000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4646000 | usd | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
94712000 | usd | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
0 | usd | |
irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
634000 | usd | |
irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
608000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
6985000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-359000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-934000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
0 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
736000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
0 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-6829000 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
4886000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-13775000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3985000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-284000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-67000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-2273000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
54000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
111587000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
43252000 | usd | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
25957000 | usd | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
139231000 | usd | |
us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
33519000 | usd | |
us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
10205000 | usd | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
3406000 | usd | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
155639000 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
0 | usd | |
irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
29139000 | usd | |
irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
17244000 | usd | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
20723000 | usd | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
0 | usd | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
15462000 | usd | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
0 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
65169000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-166680000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
960000 | usd | |
us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
41551000 | usd | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
81000000 | usd | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
369500000 | usd | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
226000000 | usd | |
us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
234800000 | usd | |
us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
3680000 | usd | |
us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
23456000 | usd | |
irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
49000 | usd | |
irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
1205000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
43425000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
24666000 | usd | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
1037000 | usd | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
162000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
5881000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2942000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-200032000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
123820000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-23276000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
392000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
65671000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
13615000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42395000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14007000 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11378000 | usd |
CY2021Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
7566000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
31017000 | usd |
CY2021Q2 | us-gaap |
Restricted Cash
RestrictedCash
|
6441000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
42395000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14007000 | usd |
us-gaap |
Nature Of Operations
NatureOfOperations
|
<div style="margin-top:12pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:700;line-height:120%">NOTE 1: Organization</span></div><div style="margin-top:6pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">Independence Realty Trust, Inc. (“IRT”), is a self-administered and self-managed Maryland real estate investment trust (“REIT”) which was formed on March 26, 2009. Our primary purposes are to acquire, own, operate, improve and manage multifamily apartment communities in non-gateway markets. As of June 30, 2022, we owned and operated 120 multifamily apartment properties that contain 35,594 units across non-gateway U.S. markets including Atlanta, Columbus,</span></div><div><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:115%">Dallas, Denver, Houston, Indianapolis, Louisville, Memphis, Oklahoma City, and Raleigh. In addition, as of June 30, 2022, we owned interests in four unconsolidated joint ventures that are developing multifamily apartment communities. We own all of our assets and conduct substantially all of our operations through Independence Realty Operating Partnership, LP (“IROP”), of which we are the sole general partner.</span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:120%">As used herein, the terms “we,” “our” and “us” refer to Independence Realty Trust, Inc. and, as required by context, IROP and their subsidiaries. </span></div><div style="margin-top:12pt;text-indent:36pt"><span style="color:#000000;font-family:'Times New Roman',sans-serif;font-size:10pt;font-weight:400;line-height:112%">On July 26, 2021, IRT, together with IROP, and IRSTAR Sub, LLC, a wholly-owned subsidiary of IRT (“IRT Merger Sub”), entered into an agreement and plan of merger (the “Merger Agreement”) with Steadfast Apartment REIT, Inc. (“STAR”) and its operating partnership, Steadfast Apartment REIT Operating Partnership, L.P. (“STAR OP”). Consummation of the mergers provided for in the Merger Agreement (which we refer to collectively as the “STAR Merger”) was subject to customary closing conditions, including, among others, receipt of IRT stockholder approval and STAR stockholder approval, which occurred on December 13, 2021. The STAR Merger closed on December 16, 2021. For further discussion, see Note 3: IRT and STAR Merger included in our 2021 Annual Report on Form 10-K.</span></div> | ||
CY2022Q2 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
120 | property |
CY2022Q2 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
35594 | unit |
us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of EstimatesThe preparation of financial statements in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ from those estimates. | ||
CY2021Q2 | us-gaap |
Depreciation
Depreciation
|
16324000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
31017000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
29699000 | usd |
us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P6M | ||
CY2022Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
24206000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
53288000 | usd | |
CY2021Q2 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
439000 | usd |
us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
835000 | usd | |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
58048000 | usd | |
CY2022Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
58048000 | usd |
CY2021Q2 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
792000 | usd |
us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
792000 | usd | |
CY2022Q2 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Remainder Of Fiscal Year
FiniteLivedIntangibleAssetsAmortizationExpenseRemainderOfFiscalYear
|
18000 | usd |
CY2022Q2 | us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
1307000 | usd |
us-gaap |
Business Combination Acquisition Related Costs
BusinessCombinationAcquisitionRelatedCosts
|
3202000 | usd | |
CY2022Q2 | us-gaap |
Depreciation
Depreciation
|
48092000 | usd |
us-gaap |
Depreciation
Depreciation
|
96954000 | usd | |
us-gaap |
Depreciation
Depreciation
|
32480000 | usd | |
CY2022Q2 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
1932000 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
3092000 | usd | |
CY2022Q2 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
5592000 | usd |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
6985000 | usd | |
CY2021Q2 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
0 | usd |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-359000 | usd | |
CY2022Q2 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
61777000 | usd |
CY2021Q4 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
41777000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
|
54178000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investments Joint Ventures
RealEstateInvestmentsJointVentures
|
24999000 | usd |
CY2022Q2 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-871000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-934000 | usd | |
CY2022Q2 | us-gaap |
Advertising Expense
AdvertisingExpense
|
1315000 | usd |
us-gaap |
Advertising Expense
AdvertisingExpense
|
2587000 | usd | |
CY2021Q2 | us-gaap |
Advertising Expense
AdvertisingExpense
|
636000 | usd |
us-gaap |
Advertising Expense
AdvertisingExpense
|
1180000 | usd | |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
11378000 | usd |
CY2022Q2 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
11378000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
35972000 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
35972000 | usd |
CY2022Q2 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
31017000 | usd |
CY2022Q2 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
31017000 | usd |
CY2021Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
29699000 | usd |
CY2021Q4 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
29699000 | usd |
CY2022Q2 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
21162000 | usd |
CY2022Q2 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
21162000 | usd |
CY2021Q4 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
2488000 | usd |
CY2021Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
2488000 | usd |
CY2022Q2 | irt |
Derivative Liabilities Carrying Value
DerivativeLiabilitiesCarryingValue
|
0 | usd |
CY2022Q2 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | usd |
CY2021Q4 | irt |
Derivative Liabilities Carrying Value
DerivativeLiabilitiesCarryingValue
|
11896000 | usd |
CY2021Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
11896000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
3232000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
3557000 | usd |
CY2022Q2 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
383000 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
844000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2022Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2021Q2 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2022Q2 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
120 | unit |
CY2022Q2 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
35594 | unit |
CY2022Q2 | us-gaap |
Land
Land
|
561107000 | usd |
CY2021Q4 | us-gaap |
Land
Land
|
567507000 | usd |
CY2022Q2 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5571949000 | usd |
CY2021Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5622492000 | usd |
CY2022Q2 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
295426000 | usd |
CY2021Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
272356000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6428482000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6462355000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
329903000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
243475000 | usd |
CY2022Q2 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
6098579000 | usd |
CY2021Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
6218880000 | usd |
CY2022Q2 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
81818000 | usd |
CY2022Q2 | irt |
Number Of Units In Real Estate Property Held For Sale
NumberOfUnitsInRealEstatePropertyHeldForSale
|
650 | unit |
CY2022Q2 | irt |
Number Of Real Estate Properties Acquired
NumberOfRealEstatePropertiesAcquired
|
96 | unit |
CY2022Q2 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
25440000 | usd |
CY2022Q2 | us-gaap |
Proceeds From Sale Of Equity Method Investments
ProceedsFromSaleOfEquityMethodInvestments
|
4428000 | usd |
CY2022Q2 | us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
3406000 | usd |
CY2022Q2 | us-gaap |
Equity Method Investment Dividends Or Distributions
EquityMethodInvestmentDividendsOrDistributions
|
1022000 | usd |
irt |
Sale Price Of Real Estate Property
SalePriceOfRealEstateProperty
|
158050000 | usd | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
94712000 | usd | |
CY2022Q2 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
136300000 | usd |
CY2022Q2 | us-gaap |
Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
|
60240000 | usd |
irt |
Equity Method Investment Number Of Units After Development Is Complete
EquityMethodInvestmentNumberOfUnitsAfterDevelopmentIsComplete
|
1588 | unit | |
CY2022Q2 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
54178000 | usd |
CY2021Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
24999000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2502063000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2502063000 | usd |
CY2022Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15218000 | usd |
CY2022Q2 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
15218000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-66091000 | usd |
CY2022Q2 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-66091000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2552936000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt
LongTermDebt
|
2552936000 | usd |
CY2022Q2 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.036 | |
CY2022Q2 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.036 | |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P5Y2M12D | ||
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P5Y2M12D | ||
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
6754000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
10998000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
407621000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
172079000 | usd |
CY2022Q2 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
473662000 | usd |
CY2022Q2 | irt |
Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
|
1430949000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2650743000 | usd |
CY2021Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
16993000 | usd |
CY2021Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-71586000 | usd |
CY2021Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2705336000 | usd |
CY2021Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.032 | |
CY2021 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P5Y7M6D | |
CY2020Q4 | irt |
At Market Sales Agreement Maximum Offer Price Of Common Shares
AtMarketSalesAgreementMaximumOfferPriceOfCommonShares
|
150000000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
250000000 | usd |
CY2022Q2 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
250000000 | usd |
CY2022Q2 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
879821 | shares |
us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
890669 | shares | |
CY2022Q2 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
6091172 | shares |
CY2022Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
8000000 | shares |
CY2022Q2 | us-gaap |
Profit Loss
ProfitLoss
|
-7399000 | usd |
CY2021Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3407000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
69482000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
4500000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
-194000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
21000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
2087000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
28000 | usd | |
CY2022Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
-7205000 | usd |
CY2021Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3386000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
67395000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
4472000 | usd | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
221164284 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
102023204 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
220982714 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
101847876 | shares | |
CY2022Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
221164284 | shares |
CY2021Q2 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102923924 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
222033857 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
102822099 | shares | |
CY2022Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
-0.03 | |
CY2021Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | ||
CY2022Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
-0.03 | |
CY2021Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | ||
CY2022Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8112835 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
8112835 | shares | |
CY2021Q2 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
552360 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
552360 | shares |