2024 Q2 Form 10-Q Financial Statement
#000146608524000054 Filed on April 30, 2024
Income Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| Revenue | $158.4M | $160.5M |
| YoY Change | -3.39% | -0.52% |
| Cost Of Revenue | $465.0K | $67.47M |
| YoY Change | -99.33% | 2.81% |
| Gross Profit | $157.9M | $93.06M |
| YoY Change | 66.13% | -2.8% |
| Gross Profit Margin | 99.71% | 57.97% |
| Selling, General & Admin | $6.244M | $8.381M |
| YoY Change | 5.65% | 2.78% |
| % of Gross Profit | 3.95% | 9.01% |
| Research & Development | ||
| YoY Change | ||
| % of Gross Profit | ||
| Depreciation & Amortization | $53.76M | $53.32M |
| YoY Change | -0.42% | 0.82% |
| % of Gross Profit | 34.04% | 57.3% |
| Operating Expenses | $60.37M | $62.10M |
| YoY Change | 0.8% | 0.67% |
| Operating Profit | $97.57M | $30.96M |
| YoY Change | 177.4% | -9.09% |
| Interest Expense | -$18.31M | $20.60M |
| YoY Change | -17.62% | -6.87% |
| % of Operating Profit | -18.77% | 66.54% |
| Other Income/Expense, Net | $0.00 | -$1.000K |
| YoY Change | -100.0% | -101.08% |
| Pretax Income | $10.56M | $17.96M |
| YoY Change | -3.94% | 102.45% |
| Income Tax | $0.00 | $0.00 |
| % Of Pretax Income | 0.0% | 0.0% |
| Net Earnings | $10.35M | $17.58M |
| YoY Change | -3.31% | 103.25% |
| Net Earnings / Revenue | 6.54% | 10.95% |
| Basic Earnings Per Share | $0.05 | $0.08 |
| Diluted Earnings Per Share | $0.05 | $0.08 |
| COMMON SHARES | ||
| Basic Shares Outstanding | 225.1M shares | 224.8M shares |
| Diluted Shares Outstanding | 225.4M shares | 225.2M shares |
Balance Sheet
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| SHORT-TERM ASSETS | ||
| Cash & Short-Term Investments | $21.03M | $21.28M |
| YoY Change | 46.59% | 70.91% |
| Cash & Equivalents | $21.03M | $21.28M |
| Short-Term Investments | ||
| Other Short-Term Assets | ||
| YoY Change | ||
| Inventory | $69.83M | $98.60M |
| Prepaid Expenses | ||
| Receivables | ||
| Other Receivables | ||
| Total Short-Term Assets | $90.86M | $119.9M |
| YoY Change | -9.97% | 863.03% |
| LONG-TERM ASSETS | ||
| Property, Plant & Equipment | $5.668B | $5.670B |
| YoY Change | -8.81% | -10.03% |
| Goodwill | ||
| YoY Change | ||
| Intangibles | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Investments | $90.35M | $89.49M |
| YoY Change | -9.62% | -3.66% |
| Other Assets | $26.36M | $20.63M |
| YoY Change | -6.39% | -7.86% |
| Total Long-Term Assets | $5.849B | $5.853B |
| YoY Change | -8.84% | -9.69% |
| TOTAL ASSETS | ||
| Total Short-Term Assets | $90.86M | $119.9M |
| Total Long-Term Assets | $5.849B | $5.853B |
| Total Assets | $5.940B | $5.973B |
| YoY Change | -8.86% | -8.02% |
| SHORT-TERM LIABILITIES | ||
| YoY Change | ||
| Accounts Payable | $102.0M | $83.68M |
| YoY Change | -11.78% | -20.96% |
| Accrued Expenses | $9.150M | $7.145M |
| YoY Change | -17.17% | -36.3% |
| Deferred Revenue | ||
| YoY Change | ||
| Short-Term Debt | $0.00 | $0.00 |
| YoY Change | ||
| Long-Term Debt Due | $17.48M | $19.63M |
| YoY Change | 140.69% | 131.63% |
| Total Short-Term Liabilities | $165.6M | $127.7M |
| YoY Change | -3.08% | -19.06% |
| LONG-TERM LIABILITIES | ||
| Long-Term Debt | $2.235B | $2.277B |
| YoY Change | -15.45% | -13.09% |
| Other Long-Term Liabilities | $6.066M | $8.928M |
| YoY Change | -25.21% | -17.78% |
| Total Long-Term Liabilities | $2.241B | $2.286B |
| YoY Change | -15.48% | -13.11% |
| TOTAL LIABILITIES | ||
| Total Short-Term Liabilities | $165.6M | $127.7M |
| Total Long-Term Liabilities | $2.241B | $2.286B |
| Total Liabilities | $2.407B | $2.414B |
| YoY Change | -18.73% | -13.45% |
| SHAREHOLDERS EQUITY | ||
| Retained Earnings | -$392.6M | -$367.0M |
| YoY Change | 63.61% | 70.88% |
| Common Stock | $3.757B | $3.756B |
| YoY Change | 0.0% | 0.02% |
| Preferred Stock | ||
| YoY Change | ||
| Treasury Stock (at cost) | ||
| YoY Change | ||
| Treasury Stock Shares | ||
| Shareholders Equity | $3.399B | $3.424B |
| YoY Change | ||
| Total Liabilities & Shareholders Equity | $5.940B | $5.973B |
| YoY Change | -8.86% | -8.02% |
Cashflow Statement
| Concept | 2024 Q2 | 2024 Q1 |
|---|---|---|
| OPERATING ACTIVITIES | ||
| Net Income | $10.35M | $17.58M |
| YoY Change | -3.31% | 103.25% |
| Depreciation, Depletion And Amortization | $53.76M | $53.32M |
| YoY Change | -0.42% | 0.82% |
| Cash From Operating Activities | $83.02M | $44.06M |
| YoY Change | 3.41% | -6.08% |
| INVESTING ACTIVITIES | ||
| Capital Expenditures | $43.93M | $38.66M |
| YoY Change | -21.77% | -7.17% |
| Acquisitions | ||
| YoY Change | ||
| Other Investing Activities | $27.08M | $294.1M |
| YoY Change | -426.57% | 1229.44% |
| Cash From Investing Activities | -$16.85M | $255.4M |
| YoY Change | -73.85% | -1408.35% |
| FINANCING ACTIVITIES | ||
| Cash Dividend Paid | ||
| YoY Change | ||
| Common Stock Issuance & Retirement, Net | ||
| YoY Change | ||
| Debt Paid & Issued, Net | ||
| YoY Change | ||
| Cash From Financing Activities | -60.68M | -$308.3M |
| YoY Change | 643.02% | 742.93% |
| NET CHANGE | ||
| Cash From Operating Activities | 83.02M | $44.06M |
| Cash From Investing Activities | -16.85M | $255.4M |
| Cash From Financing Activities | -60.68M | -$308.3M |
| Net Change In Cash | 5.498M | -$8.832M |
| YoY Change | -28.4% | -3.83% |
| FREE CASH FLOW | ||
| Cash From Operating Activities | $83.02M | $44.06M |
| Capital Expenditures | $43.93M | $38.66M |
| Free Cash Flow | $39.10M | $5.401M |
| YoY Change | 61.99% | 2.47% |
Facts In Submission
| Frame | Concept Type | Concept / XBRL Key | Value | Unit |
|---|---|---|---|---|
| CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
224706731 | shares |
| CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
224706731 | shares |
| CY2024Q1 | us-gaap |
Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration
ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration
|
http://fasb.org/us-gaap/2023#DepreciationAndAmortization | |
| CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherAssets | |
| CY2024Q1 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2023#OtherLiabilities | |
| CY2024Q1 | us-gaap |
Other Income
OtherIncome
|
203000 | usd |
| CY2023Q1 | us-gaap |
Other Income
OtherIncome
|
239000 | usd |
| CY2024Q1 | us-gaap |
Revenues
Revenues
|
160534000 | usd |
| CY2023Q1 | us-gaap |
Revenues
Revenues
|
161374000 | usd |
| CY2024Q1 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
59971000 | usd |
| CY2023Q1 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
59255000 | usd |
| CY2024Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
7499000 | usd |
| CY2023Q1 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
6371000 | usd |
| CY2024Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8381000 | usd |
| CY2023Q1 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
8154000 | usd |
| CY2024Q1 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.16 | |
| CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
53721000 | usd |
| CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
53536000 | usd |
| CY2024Q1 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-2301000 | usd |
| CY2023Q1 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-151000 | usd |
| CY2024Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
131873000 | usd |
| CY2023Q1 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
127467000 | usd |
| CY2024Q1 | us-gaap |
Interest Expense
InterestExpense
|
20603000 | usd |
| CY2023Q1 | us-gaap |
Interest Expense
InterestExpense
|
22124000 | usd |
| CY2024Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
10530000 | usd |
| CY2023Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
985000 | usd |
| CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
203000 | usd |
| CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
| CY2024Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000 | usd |
| CY2023Q1 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
93000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-829000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-776000 | usd |
| CY2024Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd |
| CY2023Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
3213000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17961000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
8872000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
384000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
224000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
17577000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8648000 | usd |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224627115 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224226873 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225226270 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225088659 | shares |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17961000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
8872000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
14463000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
-6913000 | usd |
| CY2024Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-5239000 | usd |
| CY2023Q1 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-3377000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
9224000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-10290000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
27185000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-1418000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
620000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-65000 | usd |
| CY2024Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
26565000 | usd |
| CY2023Q1 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-1353000 | usd |
| CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3567194000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17961000 | usd |
| CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
| CY2024Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
36187000 | usd |
| CY2024Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
9224000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3460000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
1598000 | usd |
| CY2024Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | usd |
| CY2024Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
951000 | usd |
| CY2024Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3559103000 | usd |
| CY2022Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3737867000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
8872000 | usd |
| CY2023Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.14 | |
| CY2023Q1 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
31688000 | usd |
| CY2023Q1 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-10290000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
4778000 | usd |
| CY2023Q1 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
3757000 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value Conversion Of Units
StockIssuedDuringPeriodValueConversionOfUnits
|
0 | usd |
| CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-13000 | usd |
| CY2023Q1 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.14 | |
| CY2023Q1 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
834000 | usd |
| CY2023Q1 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3704935000 | usd |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17961000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
8872000 | usd |
| CY2024Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
53721000 | usd |
| CY2023Q1 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
53536000 | usd |
| CY2024Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
2395000 | usd |
| CY2023Q1 | us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
2755000 | usd |
| CY2024Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
697000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
939000 | usd |
| CY2024Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3389000 | usd |
| CY2023Q1 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
4734000 | usd |
| CY2024Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
10530000 | usd |
| CY2023Q1 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
985000 | usd |
| CY2024Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
203000 | usd |
| CY2023Q1 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
| CY2024Q1 | irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
316000 | usd |
| CY2023Q1 | irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
318000 | usd |
| CY2024Q1 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss And Other Adjustments
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLossAndOtherAdjustments
|
-1184000 | usd |
| CY2023Q1 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss And Other Adjustments
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLossAndOtherAdjustments
|
-151000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-829000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-776000 | usd |
| CY2024Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1000 | usd |
| CY2023Q1 | us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-312000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-970000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-835000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-20779000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
-19121000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-772000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
266000 | usd |
| CY2024Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-332000 | usd |
| CY2023Q1 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-967000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
44057000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
46911000 | usd |
| CY2024Q1 | us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
1272000 | usd |
| CY2023Q1 | us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
13438000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
292670000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
35557000 | usd |
| CY2024Q1 | irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
24561000 | usd |
| CY2023Q1 | irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
28973000 | usd |
| CY2024Q1 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
14095000 | usd |
| CY2023Q1 | us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
12667000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
2661000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
0 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
255403000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-19521000 | usd |
| CY2024Q1 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
94000000 | usd |
| CY2023Q1 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
57000000 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
220152000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
55513000 | usd |
| CY2024Q1 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
142537000 | usd |
| CY2023Q1 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
1813000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
663000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
0 | usd |
| CY2024Q1 | irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
242000 | usd |
| CY2023Q1 | irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
0 | usd |
| CY2024Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
36149000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
31625000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
951000 | usd |
| CY2023Q1 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
853000 | usd |
| CY2024Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
1598000 | usd |
| CY2023Q1 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
3757000 | usd |
| CY2024Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
0 | usd |
| CY2023Q1 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
13000 | usd |
| CY2024Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-308292000 | usd |
| CY2023Q1 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-36574000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-8832000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-9184000 | usd |
| CY2023Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
50732000 | usd |
| CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
44017000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41900000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
34833000 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21275000 | usd |
| CY2023Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
12448000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
20625000 | usd |
| CY2023Q1 | us-gaap |
Restricted Cash
RestrictedCash
|
22385000 | usd |
| CY2024Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
41900000 | usd |
| CY2023Q1 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
34833000 | usd |
| CY2024Q1 | 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:12pt;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. We are primarily engaged in the ownership, operation, management, improvement, and acquisition of multifamily apartment communities in non-gateway markets. As of March 31, 2024, we owned and operated 111 (unaudited) multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 32,877 (unaudited) units across non-gateway U.S. markets, including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. In addition, as of March 31, 2024, we owned two investments in real estate under development in Denver, Colorado that will, upon completion, contain an aggregate of 621 (unaudited) units. As of March 31, 2024, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment communities that contain an aggregate of 810 (unaudited) units and two of which are developing multifamily apartment properties that will, upon completion, contain an aggregate of 653 (unaudited) units. We own all of our assets and conduct substantially all of our operations through Independence Realty Operating Partnership, LP, a Delaware limited partnership (“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 IRT and, as required by context, IROP and its subsidiaries.</span></div> | |
| CY2024Q1 | irt |
Number Of Real Estate Properties Excluding Development Properties
NumberOfRealEstatePropertiesExcludingDevelopmentProperties
|
111 | property |
| CY2024Q1 | irt |
Number Of Unconsolidated Joint Venture
NumberOfUnconsolidatedJointVenture
|
1 | jointventure |
| CY2024Q1 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
32877 | unit |
| CY2024Q1 | irt |
Number Of Joint Ventures
NumberOfJointVentures
|
4 | jointventure |
| CY2024Q1 | irt |
Number Of Joint Ventures Own And Operate Apartment Communities
NumberOfJointVenturesOwnAndOperateApartmentCommunities
|
2 | jointventure |
| CY2024Q1 | irt |
Number Of Units In Developing Multifamily Apartment Community
NumberOfUnitsInDevelopingMultifamilyApartmentCommunity
|
810 | unit |
| CY2024Q1 | irt |
Number Of Operating Property
NumberOfOperatingProperty
|
2 | property |
| CY2024Q1 | irt |
Number Of Units In Operating Property Under Construction
NumberOfUnitsInOperatingPropertyUnderConstruction
|
653 | unit |
| CY2024Q1 | us-gaap |
Use Of Estimates
UseOfEstimates
|
Use of Estimates<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%">The 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.</span></div> | |
| CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
20625000 | usd |
| CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
27880000 | usd |
| CY2024Q1 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P6M | |
| CY2024Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
66000 | usd |
| CY2023Q1 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
399000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
398000 | usd |
| CY2023Q1 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
1099000 | usd |
| CY2024Q1 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
15107000 | usd |
| CY2023Q1 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | usd |
| CY2024Q1 | us-gaap |
Depreciation
Depreciation
|
53323000 | usd |
| CY2023Q1 | us-gaap |
Depreciation
Depreciation
|
52887000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
7276000 | usd |
| CY2023Q1 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
2920000 | usd |
| CY2024Q1 | us-gaap |
Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
|
2301000 | usd |
| CY2023Q1 | us-gaap |
Incurred Claims Property Casualty And Liability
IncurredClaimsPropertyCasualtyAndLiability
|
151000 | usd |
| CY2024Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1570000 | usd |
| CY2023Q1 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1454000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
109338000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
98365000 | usd |
| CY2024Q1 | irt |
Number Of Investments In Unconsolidated Real Estate Entities
NumberOfInvestmentsInUnconsolidatedRealEstateEntities
|
4 | investment |
| CY2024Q1 | irt |
Number Of Investments In Unconsolidated Real Estate Entities
NumberOfInvestmentsInUnconsolidatedRealEstateEntities
|
4 | property |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
21275000 | usd |
| CY2024Q1 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
21275000 | usd |
| CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22852000 | usd |
| CY2023Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
22852000 | usd |
| CY2024Q1 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
20625000 | usd |
| CY2024Q1 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
20625000 | usd |
| CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
27880000 | usd |
| CY2023Q4 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
27880000 | usd |
| CY2024Q1 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
38845000 | usd |
| CY2024Q1 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
38845000 | usd |
| CY2023Q4 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
29937000 | usd |
| CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
29937000 | usd |
| CY2024Q1 | irt |
Indebtedness Associated With Real Estate Held For Sale Net
IndebtednessAssociatedWithRealEstateHeldForSaleNet
|
64825000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
15107000 | usd |
| CY2024Q1 | irt |
Number Of Real Estate Properties Excluding Development Properties
NumberOfRealEstatePropertiesExcludingDevelopmentProperties
|
111 | property |
| CY2024Q1 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2235000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2408000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2517000 | usd |
| CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2701000 | usd |
| CY2024Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
220000 | usd |
| CY2023Q1 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
210000 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
| CY2024Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
| CY2023Q1 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
| CY2023Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
3213000 | usd |
| CY2024Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd |
| CY2024Q1 | irt |
Number Of Properties Owned By Joint Ventures
NumberOfPropertiesOwnedByJointVentures
|
1 | property |
| CY2024Q1 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
32877 | unit |
| CY2024Q1 | us-gaap |
Land
Land
|
536997000 | usd |
| CY2023Q4 | us-gaap |
Land
Land
|
540950000 | usd |
| CY2024Q1 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5190512000 | usd |
| CY2023Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5288956000 | usd |
| CY2024Q1 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
455500000 | usd |
| CY2023Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
429306000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6183009000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6259212000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
622713000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
582760000 | usd |
| CY2024Q1 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5560296000 | usd |
| CY2023Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5676452000 | usd |
| CY2023Q4 | irt |
Number Of Properties Targeting For Sale
NumberOfPropertiesTargetingForSale
|
10 | property |
| CY2023Q4 | irt |
Number Of Markets Targeting Sale Of Properties
NumberOfMarketsTargetingSaleOfProperties
|
7 | market |
| CY2024Q1 | irt |
Number Of Properties Sold
NumberOfPropertiesSold
|
9 | property |
| CY2024Q1 | irt |
Number Of Properties Targeting For Sale
NumberOfPropertiesTargetingForSale
|
10 | property |
| CY2024Q1 | us-gaap |
Proceeds From Sale Of Real Estate
ProceedsFromSaleOfRealEstate
|
496800000 | usd |
| CY2024Q1 | us-gaap |
Repayments Of Debt
RepaymentsOfDebt
|
488900000 | usd |
| CY2024Q1 | irt |
Number Of Units In Real Estate Property Disposed
NumberOfUnitsInRealEstatePropertyDisposed
|
1554 | housingunit |
| CY2024Q1 | irt |
Sale Price Of Real Estate Property
SalePriceOfRealEstateProperty
|
296125000 | usd |
| CY2024Q1 | irt |
Gains Losses On Sales Of Investment Real Estate During Period
GainsLossesOnSalesOfInvestmentRealEstateDuringPeriod
|
25637000 | usd |
| CY2023Q4 | irt |
Gains Losses On Sales Of Investment Real Estate Defeasance Costs
GainsLossesOnSalesOfInvestmentRealEstateDefeasanceCosts
|
921000 | usd |
| CY2024Q1 | irt |
Gains Losses On Sales Of Investment Real Estate During Period
GainsLossesOnSalesOfInvestmentRealEstateDuringPeriod
|
25637000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
15107000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
15107000 | usd |
| CY2024Q1 | irt |
Number Of Units In Real Estate Property Held For Sale
NumberOfUnitsInRealEstatePropertyHeldForSale
|
546 | housingunit |
| CY2024Q1 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
98603000 | usd |
| CY2024Q1 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
15107000 | usd |
| CY2023Q4 | us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
7135000 | usd |
| CY2024Q1 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
292639000 | usd |
| CY2024Q1 | us-gaap |
Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
|
179293000 | usd |
| CY2024Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-829000 | usd |
| CY2023Q1 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-776000 | usd |
| CY2024Q1 | irt |
Equity Method Investment Number Of Units After Development Is Complete
EquityMethodInvestmentNumberOfUnitsAfterDevelopmentIsComplete
|
1463 | unit |
| CY2024Q1 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
89487000 | usd |
| CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
89044000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2247009000 | usd |
| CY2024Q1 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
9715000 | usd |
| CY2024Q1 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-39804000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt
LongTermDebt
|
2277098000 | usd |
| CY2024Q1 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.048 | |
| CY2024Q1 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.042 | |
| CY2024Q1 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P3Y10M24D | |
| CY2024Q1 | irt |
Indebtedness Associated With Real Estate Held For Sale Net
IndebtednessAssociatedWithRealEstateHeldForSaleNet
|
64825000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
19626000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
137235000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
447073000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
23681000 | usd |
| CY2024Q1 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1035098000 | usd |
| CY2024Q1 | irt |
Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
|
584296000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2515698000 | usd |
| CY2023Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
10772000 | usd |
| CY2023Q4 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-44483000 | usd |
| CY2023Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
2549409000 | usd |
| CY2023Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.048 | |
| CY2023Q4 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.042 | |
| CY2023 | us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P4Y | |
| CY2023Q4 | irt |
Indebtedness Associated With Real Estate Held For Sale Net
IndebtednessAssociatedWithRealEstateHeldForSaleNet
|
122621000 | usd |
| CY2022Q2 | us-gaap |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
250000000 | usd |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
| CY2022Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
| CY2024Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
| CY2022Q1 | us-gaap |
Stock Repurchased During Period Shares
StockRepurchasedDuringPeriodShares
|
0 | shares |
| CY2024Q1 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
250000000 | usd |
| CY2023Q3 | irt |
At Market Sales Agreement Maximum Offer Price Of Common Shares
AtMarketSalesAgreementMaximumOfferPriceOfCommonShares
|
450000000 | usd |
| CY2024Q1 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
4928 | shares |
| CY2024Q1 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
5941643 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
|
8000000 | shares |
| CY2024Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized
|
1280610 | shares |
| CY2024Q1 | us-gaap |
Profit Loss
ProfitLoss
|
17961000 | usd |
| CY2023Q1 | us-gaap |
Profit Loss
ProfitLoss
|
8872000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
384000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
224000 | usd |
| CY2024Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
17577000 | usd |
| CY2023Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
8648000 | usd |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224627115 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224226873 | shares |
| CY2024Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225226270 | shares |
| CY2023Q1 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225088659 | shares |
| CY2024Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.08 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
| CY2024Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.08 | |
| CY2023Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
| CY2024Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6540798 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5946571 | shares |
| CY2023Q1 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5946571 | shares |
| CY2024Q1 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
| CY2024Q1 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false | |
| CY2024Q1 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false |
