$IRT
Independence Realty Trust Inc Stock $irt

$irt Overview Financials Valuation SEC Filings Company Website

2024 Q3 Form 10-Q Financial Statement

#000146608524000092 Filed on August 01, 2024

Income Statement

Concept	2024 Q3	2024 Q2
Revenue	$160.1M	$158.4M
YoY Change	-5.02%	-3.39%
Cost Of Revenue	$1.249M	$465.0K
YoY Change	-98.23%	-99.33%
Gross Profit	$158.9M	$157.9M
YoY Change	61.96%	66.13%
Gross Profit Margin	99.22%	99.71%
Selling, General & Admin	$4.765M	$6.244M
YoY Change	28.78%	5.65%
% of Gross Profit	3.0%	3.95%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization	$54.45M	$53.76M
YoY Change	-1.14%	-0.42%
% of Gross Profit	34.27%	34.04%
Operating Expenses	$60.03M	$60.37M
YoY Change	1.22%	0.8%
Operating Profit	$98.86M	$97.57M
YoY Change	154.79%	177.4%
Interest Expense	-$19.01M	-$18.31M
YoY Change	-186.28%	-17.62%
% of Operating Profit	-19.23%	-18.77%
Other Income/Expense, Net	$0.00	$0.00
YoY Change	-100.0%	-100.0%
Pretax Income	$12.62M	$10.56M
YoY Change	215.5%	-3.94%
Income Tax	$0.00	$0.00
% Of Pretax Income	0.0%	0.0%
Net Earnings	$12.37M	$10.35M
YoY Change	214.63%	-3.31%
Net Earnings / Revenue	7.72%	6.54%
Basic Earnings Per Share	$0.05	$0.05
Diluted Earnings Per Share	$0.05	$0.05
COMMON SHARES
Basic Shares Outstanding	225.1M shares	225.1M shares
Diluted Shares Outstanding	226.1M shares	225.4M shares

Balance Sheet

Concept	2024 Q3	2024 Q2
SHORT-TERM ASSETS
Cash & Short-Term Investments	$17.61M	$21.03M
YoY Change	2.39%	46.59%
Cash & Equivalents	$17.61M	$21.03M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory	$0.00	$69.83M
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets	$17.61M	$90.86M
YoY Change	-80.98%	-9.97%
LONG-TERM ASSETS
Property, Plant & Equipment	$5.741B	$5.668B
YoY Change	-8.48%	-8.81%
Goodwill
YoY Change
Intangibles	$1.158M	$0.00
YoY Change	336.98%
Long-Term Investments	$95.39M	$90.35M
YoY Change	8.91%	-9.62%
Other Assets	$30.63M	$26.36M
YoY Change	-3.67%	-6.39%
Total Long-Term Assets	$5.931B	$5.849B
YoY Change	-8.55%	-8.84%
TOTAL ASSETS
Total Short-Term Assets	$17.61M	$90.86M
Total Long-Term Assets	$5.931B	$5.849B
Total Assets	$5.948B	$5.940B
YoY Change	-9.57%	-8.86%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable	$119.3M	$102.0M
YoY Change	-13.87%	-11.78%
Accrued Expenses	$6.858M	$9.150M
YoY Change	-38.77%	-17.17%
Deferred Revenue
YoY Change
Short-Term Debt	$0.00	$0.00
YoY Change
Long-Term Debt Due	$14.69M	$17.48M
YoY Change	406.69%	140.69%
Total Short-Term Liabilities	$163.1M	$165.6M
YoY Change	-13.96%	-3.08%
LONG-TERM LIABILITIES
Long-Term Debt	$2.287B	$2.235B
YoY Change	-15.71%	-15.45%
Other Long-Term Liabilities	$9.745M	$6.066M
YoY Change	24.94%	-25.21%
Total Long-Term Liabilities	$2.296B	$2.241B
YoY Change	-15.59%	-15.48%
TOTAL LIABILITIES
Total Short-Term Liabilities	$163.1M	$165.6M
Total Long-Term Liabilities	$2.296B	$2.241B
Total Liabilities	$2.459B	$2.407B
YoY Change	-15.48%	-18.73%
SHAREHOLDERS EQUITY
Retained Earnings	-$416.2M	-$392.6M
YoY Change	53.03%	63.61%
Common Stock	$3.758B	$3.757B
YoY Change	0.11%	0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity	$3.355B	$3.399B
YoY Change
Total Liabilities & Shareholders Equity	$5.948B	$5.940B
YoY Change	-9.57%	-8.86%

Cashflow Statement

Concept	2024 Q3	2024 Q2
OPERATING ACTIVITIES
Net Income	$12.37M	$10.35M
YoY Change	214.63%	-3.31%
Depreciation, Depletion And Amortization	$54.45M	$53.76M
YoY Change	-1.14%	-0.42%
Cash From Operating Activities	$69.24M	$83.02M
YoY Change	-8.66%	3.41%
INVESTING ACTIVITIES
Capital Expenditures	$51.37M	$43.93M
YoY Change	-17.94%	-21.77%
Acquisitions
YoY Change
Other Investing Activities	-$16.24M	$27.08M
YoY Change	-516.44%	-426.57%
Cash From Investing Activities	-$67.61M	-$16.85M
YoY Change	15.38%	-73.85%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities	-784.0K	-60.68M
YoY Change	-92.67%	643.02%
NET CHANGE
Cash From Operating Activities	69.24M	83.02M
Cash From Investing Activities	-67.61M	-16.85M
Cash From Financing Activities	-784.0K	-60.68M
Net Change In Cash	845.0K	5.498M
YoY Change	-87.0%	-28.4%
FREE CASH FLOW
Cash From Operating Activities	$69.24M	$83.02M
Capital Expenditures	$51.37M	$43.93M
Free Cash Flow	$17.87M	$39.10M
YoY Change	35.38%	61.99%

Facts In Submission

Frame	Concept Type	Concept / XBRL Key	Value	Unit
CY2023Q4	us-gaap	Other Liabilities OtherLiabilities	9723000	usd
CY2024Q2	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2024Q2	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Issued PreferredStockSharesIssued	0	shares
CY2023Q4	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Preferred Stock Shares Outstanding PreferredStockSharesOutstanding	0	shares
CY2024Q2	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Preferred Stock Value PreferredStockValue	0	usd
CY2023Q4	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2024Q2	us-gaap	Common Stock Par Or Stated Value Per Share CommonStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2024Q2	us-gaap	Common Stock Shares Authorized CommonStockSharesAuthorized	500000000	shares
CY2024Q2	us-gaap	Common Stock Shares Outstanding CommonStockSharesOutstanding	225122235	shares
CY2024Q2	us-gaap	Common Stock Shares Issued CommonStockSharesIssued	225122235	shares
CY2024Q2	irt	Restricted Common Stock Shares Outstanding RestrictedCommonStockSharesOutstanding	402249	shares
CY2023Q4	irt	Restricted Common Stock Shares Outstanding RestrictedCommonStockSharesOutstanding	288250	shares
CY2023Q4	us-gaap	Common Stock Value CommonStockValue	2247000	usd
CY2024Q2	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	3754756000	usd
CY2023Q4	us-gaap	Additional Paid In Capital Common Stock AdditionalPaidInCapitalCommonStock	3751942000	usd
CY2024Q2	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	34380000	usd
CY2023Q4	us-gaap	Accumulated Other Comprehensive Income Loss Net Of Tax AccumulatedOtherComprehensiveIncomeLossNetOfTax	25513000	usd
CY2024Q2	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-392627000	usd
CY2023Q4	us-gaap	Retained Earnings Accumulated Deficit RetainedEarningsAccumulatedDeficit	-348405000	usd
CY2024Q2	us-gaap	Stockholders Equity StockholdersEquity	3398760000	usd
CY2023Q4	us-gaap	Stockholders Equity StockholdersEquity	3431297000	usd
CY2024Q2	us-gaap	Minority Interest MinorityInterest	134780000	usd
CY2023Q4	us-gaap	Minority Interest MinorityInterest	135897000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3533540000	usd
CY2023Q4	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3567194000	usd
CY2024Q2	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	5940261000	usd
CY2023Q4	us-gaap	Liabilities And Stockholders Equity LiabilitiesAndStockholdersEquity	6280175000	usd
CY2024Q2	irt	Rental And Other Property Revenue RentalAndOtherPropertyRevenue	158104000	usd
CY2023Q2	irt	Rental And Other Property Revenue RentalAndOtherPropertyRevenue	163601000	usd
CY2024Q2	us-gaap	Other Income OtherIncome	298000	usd
CY2023Q2	us-gaap	Other Income OtherIncome	354000	usd
CY2024Q2	us-gaap	Revenues Revenues	158402000	usd
CY2023Q2	us-gaap	Revenues Revenues	163955000	usd
CY2024Q2	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	60883000	usd
CY2023Q2	us-gaap	Direct Costs Of Leased And Rented Property Or Equipment DirectCostsOfLeasedAndRentedPropertyOrEquipment	62071000	usd
CY2024Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	0	usd
CY2023Q2	us-gaap	Other Nonoperating Income Expense OtherNonoperatingIncomeExpense	-72000	usd
CY2024Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-850000	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1205000	usd
CY2024Q2	us-gaap	Restructuring Costs RestructuringCosts	0	usd
CY2023Q2	us-gaap	Restructuring Costs RestructuringCosts	0	usd
CY2024Q2	us-gaap	Profit Loss ProfitLoss	10555000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	10988000	usd
CY2024Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	201000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	279000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	10354000	usd
CY2024Q2	us-gaap	Profit Loss ProfitLoss	10555000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	10988000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax	5065000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax	18834000	usd
CY2024Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-5189000	usd
CY2023Q2	us-gaap	Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet	-4749000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-124000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	14085000	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	10431000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest	25073000	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	198000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest	642000	usd
CY2024Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	10233000	usd
CY2023Q2	us-gaap	Comprehensive Income Net Of Tax ComprehensiveIncomeNetOfTax	24431000	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
CY2023Q4	us-gaap	Operating Lease Liability OperatingLeaseLiability	2701000	usd
CY2024Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	189000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	409000	usd
	us-gaap	Operating Lease Expense OperatingLeaseExpense	412000	usd
CY2023Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2024Q2	us-gaap	Income Tax Expense Benefit IncomeTaxExpenseBenefit	0	usd
CY2024Q2	us-gaap	Other Liabilities OtherLiabilities	8421000	usd
CY2024Q2	us-gaap	Common Stock Value CommonStockValue	2251000	usd
CY2024Q2	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	7666000	usd
CY2023Q2	us-gaap	Cost Of Property Repairs And Maintenance CostOfPropertyRepairsAndMaintenance	6818000	usd
CY2024Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	6244000	usd
CY2023Q2	us-gaap	General And Administrative Expense GeneralAndAdministrativeExpense	5910000	usd
CY2024Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	54127000	usd
CY2023Q2	us-gaap	Depreciation And Amortization DepreciationAndAmortization	53984000	usd
CY2024Q2	irt	Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss	-465000	usd
CY2023Q2	irt	Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss	-680000	usd
CY2024Q2	us-gaap	Costs And Expenses CostsAndExpenses	129385000	usd
CY2023Q2	us-gaap	Costs And Expenses CostsAndExpenses	129463000	usd
CY2023Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	0	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	10709000	usd
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224793229	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224422515	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225418825	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225073890	shares
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	35557000	usd
	irt	Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties	55698000	usd
	irt	Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties	67199000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	30588000	usd
CY2024Q2	us-gaap	Liabilities Liabilities	2406721000	usd
CY2023Q4	us-gaap	Liabilities Liabilities	2712981000	usd
CY2023Q4	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2024Q2	us-gaap	Preferred Stock Par Or Stated Value Per Share PreferredStockParOrStatedValuePerShare	0.01
CY2023Q4	us-gaap	Preferred Stock Shares Authorized PreferredStockSharesAuthorized	50000000	shares
CY2024Q2	us-gaap	Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2024#DepreciationAndAmortization
	us-gaap	Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2024#DepreciationAndAmortization
	us-gaap	Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2024#DepreciationAndAmortization
CY2023Q2	us-gaap	Impairment Of Intangible Asset Finite Lived Statement Of Income Or Comprehensive Income Extensible Enumeration ImpairmentOfIntangibleAssetFiniteLivedStatementOfIncomeOrComprehensiveIncomeExtensibleEnumeration	http://fasb.org/us-gaap/2024#DepreciationAndAmortization
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherAssets
CY2024Q2	us-gaap	Operating Lease Liability Statement Of Financial Position Extensible List OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList	http://fasb.org/us-gaap/2024#OtherLiabilities
CY2024Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	17460000	usd
CY2023Q2	us-gaap	Interest Expense Nonoperating InterestExpenseNonoperating	22227000	usd
CY2024Q2	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	-152000	usd
CY2024Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2023Q2	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
CY2024Q1	us-gaap	Stock Issued During Period Value Conversion Of Units StockIssuedDuringPeriodValueConversionOfUnits	0	usd
CY2024Q1	irt	Distribution To Noncontrolling Interest Declared Per Share DistributionToNoncontrollingInterestDeclaredPerShare	0.16
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
CY2024Q2	us-gaap	Profit Loss ProfitLoss	10555000	usd
CY2024Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.16
CY2024Q2	us-gaap	Dividends Common Stock DividendsCommonStock	35966000	usd
CY2024Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	-124000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1940000	usd
CY2024Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	945000	usd
CY2024Q2	us-gaap	Stock Issued During Period Value New Issues StockIssuedDuringPeriodValueNewIssues	-72000	usd
CY2024Q2	irt	Distribution To Noncontrolling Interest Declared Per Share DistributionToNoncontrollingInterestDeclaredPerShare	0.16
CY2024Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	951000	usd
CY2024Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3533540000	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
CY2023Q2	us-gaap	Profit Loss ProfitLoss	10988000	usd
CY2023Q2	us-gaap	Common Stock Dividends Per Share Declared CommonStockDividendsPerShareDeclared	0.16
CY2023Q2	us-gaap	Dividends Common Stock DividendsCommonStock	35906000	usd
CY2023Q2	us-gaap	Other Comprehensive Income Loss Net Of Tax OtherComprehensiveIncomeLossNetOfTax	14085000	usd
CY2023Q2	us-gaap	Stock Issued During Period Value Share Based Compensation StockIssuedDuringPeriodValueShareBasedCompensation	1785000	usd
CY2023Q2	us-gaap	Stock Repurchased And Retired During Period Value StockRepurchasedAndRetiredDuringPeriodValue	19000	usd
CY2023Q2	irt	Distribution To Noncontrolling Interest Declared Per Share DistributionToNoncontrollingInterestDeclaredPerShare	0.16
CY2023Q2	us-gaap	Minority Interest Decrease From Distributions To Noncontrolling Interest Holders MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders	951000	usd
CY2023Q2	us-gaap	Stockholders Equity Including Portion Attributable To Noncontrolling Interest StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest	3694917000	usd
	us-gaap	Profit Loss ProfitLoss	28515000	usd
	us-gaap	Profit Loss ProfitLoss	19861000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	107850000	usd
	us-gaap	Depreciation And Amortization DepreciationAndAmortization	107520000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	4679000	usd
	us-gaap	Accretion Amortization Of Discounts And Premiums Investments AccretionAmortizationOfDiscountsAndPremiumsInvestments	5493000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1379000	usd
	us-gaap	Amortization Of Financing Costs AmortizationOfFinancingCosts	1763000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	5250000	usd
	us-gaap	Share Based Compensation ShareBasedCompensation	6462000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	10378000	usd
	us-gaap	Gains Losses On Sales Of Investment Real Estate GainsLossesOnSalesOfInvestmentRealEstate	985000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	203000	usd
	us-gaap	Gains Losses On Extinguishment Of Debt GainsLossesOnExtinguishmentOfDebt	0	usd
	irt	Amortization Or Adjustments Related To Derivative Instruments AmortizationOrAdjustmentsRelatedToDerivativeInstruments	614000	usd
	irt	Amortization Or Adjustments Related To Derivative Instruments AmortizationOrAdjustmentsRelatedToDerivativeInstruments	644000	usd
	irt	Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss And Other Adjustments PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLossAndOtherAdjustments	-1510000	usd
	irt	Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss And Other Adjustments PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLossAndOtherAdjustments	-831000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1679000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1981000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-1000	usd
	us-gaap	Other Noncash Income Expense OtherNoncashIncomeExpense	-891000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-5145000	usd
	us-gaap	Increase Decrease In Other Operating Assets IncreaseDecreaseInOtherOperatingAssets	-4186000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-7827000	usd
	us-gaap	Increase Decrease In Accounts Payable And Accrued Liabilities IncreaseDecreaseInAccountsPayableAndAccruedLiabilities	-9308000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	-1122000	usd
	us-gaap	Increase Decrease In Interest Payable Net IncreaseDecreaseInInterestPayableNet	273000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-654000	usd
	us-gaap	Increase Decrease In Other Operating Liabilities IncreaseDecreaseInOtherOperatingLiabilities	-1432000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	127080000	usd
	us-gaap	Net Cash Provided By Used In Operating Activities NetCashProvidedByUsedInOperatingActivities	127194000	usd
	us-gaap	Payments To Acquire Real Estate And Real Estate Joint Ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures	2982000	usd
	us-gaap	Payments To Acquire Real Estate And Real Estate Joint Ventures PaymentsToAcquireRealEstateAndRealEstateJointVentures	21729000	usd
	us-gaap	Proceeds From Sale Of Real Estate Heldforinvestment ProceedsFromSaleOfRealEstateHeldforinvestment	320606000	usd
	us-gaap	Payments To Develop Real Estate Assets PaymentsToDevelopRealEstateAssets	26884000	usd
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	3511000	usd
	us-gaap	Proceeds From Insurance Settlement Investing Activities ProceedsFromInsuranceSettlementInvestingActivities	0	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	238553000	usd
	us-gaap	Net Cash Provided By Used In Investing Activities NetCashProvidedByUsedInInvestingActivities	-83959000	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	131000000	usd
	us-gaap	Proceeds From Unsecured Lines Of Credit ProceedsFromUnsecuredLinesOfCredit	125000000	usd
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	262652000	usd
	us-gaap	Repayments Of Long Term Lines Of Credit RepaymentsOfLongTermLinesOfCredit	97513000	usd
	us-gaap	Repayments Of First Mortgage Bond RepaymentsOfFirstMortgageBond	159675000	usd
	us-gaap	Repayments Of First Mortgage Bond RepaymentsOfFirstMortgageBond	3666000	usd
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	663000	usd
	us-gaap	Payments Of Debt Extinguishment Costs PaymentsOfDebtExtinguishmentCosts	0	usd
	irt	Payments Reimbursements For Deferred Financing Costs PaymentsReimbursementsForDeferredFinancingCosts	357000	usd
	irt	Payments Reimbursements For Deferred Financing Costs PaymentsReimbursementsForDeferredFinancingCosts	60000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	72104000	usd
	us-gaap	Payments Of Dividends Common Stock PaymentsOfDividendsCommonStock	63026000	usd
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	1901000	usd
	us-gaap	Payments Of Dividends Minority Interest PaymentsOfDividendsMinorityInterest	1686000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	2543000	usd
	us-gaap	Payments Related To Tax Withholding For Share Based Compensation PaymentsRelatedToTaxWithholdingForShareBasedCompensation	3776000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	72000	usd
	us-gaap	Payments Of Stock Issuance Costs PaymentsOfStockIssuanceCosts	13000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-368967000	usd
	us-gaap	Net Cash Provided By Used In Financing Activities NetCashProvidedByUsedInFinancingActivities	-44740000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-3334000	usd
	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect	-1505000	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
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	47398000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	42512000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	21034000	usd
CY2023Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	14349000	usd
CY2024Q2	us-gaap	Restricted Cash RestrictedCash	26364000	usd
CY2023Q2	us-gaap	Restricted Cash RestrictedCash	28163000	usd
CY2024Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	47398000	usd
CY2023Q2	us-gaap	Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents	42512000	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: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 June 30, 2024, we owned and operated 110 (unaudited) multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 32,685 (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 June 30, 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 June 30, 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>
CY2024Q2	irt	Number Of Real Estate Properties Excluding Development Properties NumberOfRealEstatePropertiesExcludingDevelopmentProperties	110	property
CY2024Q2	irt	Number Of Unconsolidated Joint Venture NumberOfUnconsolidatedJointVenture	1	jointventure
CY2024Q2	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	32685	unit
	irt	Number Of Joint Ventures NumberOfJointVentures	4	jointventure
CY2024Q2	irt	Number Of Joint Ventures Own And Operate Apartment Communities NumberOfJointVenturesOwnAndOperateApartmentCommunities	2	jointventure
CY2024Q2	irt	Number Of Units In Developing Multifamily Apartment Community NumberOfUnitsInDevelopingMultifamilyApartmentCommunity	810	unit
CY2024Q2	irt	Number Of Operating Property NumberOfOperatingProperty	2	property
CY2024Q2	irt	Number Of Units In Operating Property Under Construction NumberOfUnitsInOperatingPropertyUnderConstruction	653	unit
	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>
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	26364000	usd
CY2023Q4	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	27880000	usd
CY2024Q2	us-gaap	Finite Lived Intangible Asset Useful Life FiniteLivedIntangibleAssetUsefulLife	P6M
CY2024Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	66000	usd
CY2023Q2	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	0	usd
	us-gaap	Amortization Of Intangible Assets AmortizationOfIntangibleAssets	399000	usd
CY2024Q2	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	usd
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	398000	usd
CY2023Q2	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	0	usd
	us-gaap	Impairment Of Intangible Assets Finitelived ImpairmentOfIntangibleAssetsFinitelived	1099000	usd
CY2024Q2	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	0	usd
	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	15107000	usd
CY2023Q2	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	0	usd
	us-gaap	Tangible Asset Impairment Charges TangibleAssetImpairmentCharges	0	usd
CY2024Q2	us-gaap	Depreciation Depreciation	53757000	usd
	us-gaap	Depreciation Depreciation	107080000	usd
CY2023Q2	us-gaap	Depreciation Depreciation	53700000	usd
	us-gaap	Depreciation Depreciation	106587000	usd
CY2024Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	8328000	usd
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	15604000	usd
CY2023Q2	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	5114000	usd
	us-gaap	Impairment Of Long Lived Assets Held For Use ImpairmentOfLongLivedAssetsHeldForUse	8033000	usd
CY2024Q2	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	465000	usd
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	2767000	usd
CY2023Q2	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	680000	usd
	us-gaap	Policyholder Benefits And Claims Incurred Net PolicyholderBenefitsAndClaimsIncurredNet	831000	usd
CY2024Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	1771000	usd
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	3341000	usd
CY2023Q2	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	1715000	usd
	us-gaap	Interest Costs Capitalized InterestCostsCapitalized	3168000	usd
CY2024Q2	us-gaap	Real Estate Held For Development And Sale Net RealEstateHeldForDevelopmentAndSaleNet	115196000	usd
CY2023Q4	us-gaap	Real Estate Held For Development And Sale Net RealEstateHeldForDevelopmentAndSaleNet	98365000	usd
CY2024Q2	irt	Number Of Investments In Unconsolidated Real Estate Entities NumberOfInvestmentsInUnconsolidatedRealEstateEntities	4	investment
CY2024Q2	irt	Number Of Investments In Unconsolidated Real Estate Entities NumberOfInvestmentsInUnconsolidatedRealEstateEntities	4	investment
CY2024Q2	us-gaap	Cash And Cash Equivalents At Carrying Value CashAndCashEquivalentsAtCarryingValue	21034000	usd
CY2024Q2	us-gaap	Cash And Cash Equivalents Fair Value Disclosure CashAndCashEquivalentsFairValueDisclosure	21034000	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
CY2024Q2	us-gaap	Restricted Cash And Cash Equivalents At Carrying Value RestrictedCashAndCashEquivalentsAtCarryingValue	26364000	usd
CY2024Q2	irt	Restricted Cash And Cash Equivalents Fair Value Disclosure RestrictedCashAndCashEquivalentsFairValueDisclosure	26364000	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
CY2024Q2	irt	Derivative Assets Carrying Value DerivativeAssetsCarryingValue	38422000	usd
CY2024Q2	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	38422000	usd
CY2023Q4	irt	Derivative Assets Carrying Value DerivativeAssetsCarryingValue	29937000	usd
CY2023Q4	us-gaap	Derivative Fair Value Of Derivative Asset DerivativeFairValueOfDerivativeAsset	29937000	usd
CY2024Q2	irt	Indebtedness Associated With Real Estate Held For Sale Net IndebtednessAssociatedWithRealEstateHeldForSaleNet	49598000	usd
	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	15107000	usd
CY2024Q2	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2085000	usd
CY2023Q4	us-gaap	Operating Lease Right Of Use Asset OperatingLeaseRightOfUseAsset	2408000	usd
CY2024Q2	us-gaap	Operating Lease Liability OperatingLeaseLiability	2355000	usd
CY2023Q2	us-gaap	Operating Lease Expense OperatingLeaseExpense	202000	usd
CY2023Q1	us-gaap	Restructuring Costs RestructuringCosts	3213000	usd
	us-gaap	Restructuring Costs RestructuringCosts	0	usd
CY2024Q2	us-gaap	Restructuring Costs RestructuringCosts	0	usd
CY2024Q2	irt	Number Of Real Estate Properties Excluding Development Properties NumberOfRealEstatePropertiesExcludingDevelopmentProperties	110	property
	irt	Number Of Properties Owned By Joint Ventures NumberOfPropertiesOwnedByJointVentures	1	property
CY2024Q2	us-gaap	Number Of Units In Real Estate Property NumberOfUnitsInRealEstateProperty	32685	unit
CY2024Q2	us-gaap	Land Land	538151000	usd
CY2023Q4	us-gaap	Land Land	540950000	usd
CY2024Q2	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	5210283000	usd
CY2023Q4	us-gaap	Buildings And Improvements Gross BuildingsAndImprovementsGross	5288956000	usd
CY2024Q2	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	469585000	usd
CY2023Q4	us-gaap	Fixtures And Equipment Gross FixturesAndEquipmentGross	429306000	usd
CY2024Q2	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	6218019000	usd
CY2023Q4	us-gaap	Real Estate Investment Property At Cost RealEstateInvestmentPropertyAtCost	6259212000	usd
CY2024Q2	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	667681000	usd
CY2023Q4	us-gaap	Real Estate Investment Property Accumulated Depreciation RealEstateInvestmentPropertyAccumulatedDepreciation	582760000	usd
CY2024Q2	us-gaap	Real Estate Investment Property Net RealEstateInvestmentPropertyNet	5550338000	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
CY2024Q2	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	28500000	usd
	irt	Number Of Properties Targeting For Sale NumberOfPropertiesTargetingForSale	10	property
	us-gaap	Proceeds From Sale Of Real Estate ProceedsFromSaleOfRealEstate	525300000	usd
	us-gaap	Repayments Of Debt RepaymentsOfDebt	517100000	usd
CY2024Q2	irt	Number Of Units In Real Estate Property Disposed NumberOfUnitsInRealEstatePropertyDisposed	1746	housingunit
	irt	Sale Price Of Real Estate Property SalePriceOfRealEstateProperty	324625000	usd
	irt	Gains Losses On Sales Of Investment Real Estate During Period GainsLossesOnSalesOfInvestmentRealEstateDuringPeriod	25485000	usd
CY2023Q4	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	32956000	usd
CY2023Q4	irt	Defeasance And Debt Prepayment Gains DefeasanceAndDebtPrepaymentGains	1105000	usd
CY2024Q1	us-gaap	Impairment Of Real Estate ImpairmentOfRealEstate	15107000	usd
CY2024Q2	us-gaap	Construction In Progress Gross ConstructionInProgressGross	318110000	usd
CY2024Q2	us-gaap	Construction Payable Current And Noncurrent ConstructionPayableCurrentAndNoncurrent	203789000	usd
CY2024Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-850000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1679000	usd
CY2023Q2	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1205000	usd
	us-gaap	Income Loss From Equity Method Investments IncomeLossFromEquityMethodInvestments	-1981000	usd
	irt	Equity Method Investment Number Of Units After Development Is Complete EquityMethodInvestmentNumberOfUnitsAfterDevelopmentIsComplete	1463	unit
CY2024Q2	us-gaap	Equity Method Investments EquityMethodInvestments	90347000	usd
CY2023Q4	us-gaap	Equity Method Investments EquityMethodInvestments	89044000	usd
CY2024Q2	us-gaap	Debt Instrument Carrying Amount DebtInstrumentCarryingAmount	2224371000	usd
CY2024Q2	us-gaap	Deferred Finance Costs Net DeferredFinanceCostsNet	9065000	usd
CY2024Q2	us-gaap	Debt Instrument Unamortized Discount Premium Net DebtInstrumentUnamortizedDiscountPremiumNet	-37253000	usd
CY2024Q2	us-gaap	Long Term Debt LongTermDebt	2252559000	usd
CY2024Q2	us-gaap	Debt Weighted Average Interest Rate DebtWeightedAverageInterestRate	0.048
CY2024Q2	us-gaap	Debt Instrument Interest Rate Effective Percentage DebtInstrumentInterestRateEffectivePercentage	0.041
	us-gaap	Debt Instrument Term DebtInstrumentTerm	P3Y8M12D
CY2024Q2	irt	Indebtedness Associated With Real Estate Held For Sale Net IndebtednessAssociatedWithRealEstateHeldForSaleNet	49598000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear	17479000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Next Twelve Months LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths	136920000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Two LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo	441285000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Three LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree	23381000	usd
CY2024Q2	us-gaap	Long Term Debt Maturities Repayments Of Principal In Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour	1034789000	usd
CY2024Q2	irt	Long Term Debt Maturities Repayments Of Principal After Year Four LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour	570517000	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	srt	Stock Repurchase Program Authorized Amount1 StockRepurchaseProgramAuthorizedAmount1	250000000	usd
CY2023Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2024Q2	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
	us-gaap	Stock Repurchased During Period Shares StockRepurchasedDuringPeriodShares	0	shares
CY2024Q2	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
	us-gaap	Partners Capital Account Units Converted PartnersCapitalAccountUnitsConverted	4928	shares
CY2024Q2	us-gaap	Limited Partners Capital Account Units Outstanding LimitedPartnersCapitalAccountUnitsOutstanding	5941643	shares
CY2024Q2	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized	8000000	shares
	us-gaap	Share Based Compensation Arrangement By Share Based Payment Award Number Of Additional Shares Authorized ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfAdditionalSharesAuthorized	1280610	shares
CY2024Q2	us-gaap	Profit Loss ProfitLoss	10555000	usd
CY2023Q2	us-gaap	Profit Loss ProfitLoss	10988000	usd
	us-gaap	Profit Loss ProfitLoss	28515000	usd
	us-gaap	Profit Loss ProfitLoss	19861000	usd
CY2024Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	201000	usd
CY2023Q2	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	279000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	585000	usd
	us-gaap	Net Income Loss Attributable To Noncontrolling Interest NetIncomeLossAttributableToNoncontrollingInterest	503000	usd
CY2024Q2	us-gaap	Net Income Loss NetIncomeLoss	10354000	usd
CY2023Q2	us-gaap	Net Income Loss NetIncomeLoss	10709000	usd
	us-gaap	Net Income Loss NetIncomeLoss	27930000	usd
	us-gaap	Net Income Loss NetIncomeLoss	19358000	usd
CY2024Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224793229	shares
CY2023Q2	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224422515	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224710259	shares
	us-gaap	Weighted Average Number Of Shares Outstanding Basic WeightedAverageNumberOfSharesOutstandingBasic	224325246	shares
CY2024Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225418825	shares
CY2023Q2	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225073890	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225403082	shares
	us-gaap	Weighted Average Number Of Diluted Shares Outstanding WeightedAverageNumberOfDilutedSharesOutstanding	225088261	shares
CY2024Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
CY2023Q2	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.05
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.12
	us-gaap	Earnings Per Share Basic EarningsPerShareBasic	0.09
CY2024Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
CY2023Q2	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.05
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.12
	us-gaap	Earnings Per Share Diluted EarningsPerShareDiluted	0.09
CY2024Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6070126	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	6096634	shares
CY2023Q2	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5946571	shares
	us-gaap	Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount	5946571	shares
CY2024Q2	ecd	Rule10b51 Arr Adopted Flag Rule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Adopted Flag NonRule10b51ArrAdoptedFlag	false
CY2024Q2	ecd	Rule10b51 Arr Trmntd Flag Rule10b51ArrTrmntdFlag	false
CY2024Q2	ecd	Non Rule10b51 Arr Trmntd Flag NonRule10b51ArrTrmntdFlag	false

Files In Submission

Name	View Source	Status
0001466085-24-000092-index-headers.html	Edgar Link	pending
0001466085-24-000092-index.html	Edgar Link	pending
0001466085-24-000092.txt	Edgar Link	pending
0001466085-24-000092-xbrl.zip	Edgar Link	pending
ex-311x2024630.htm	Edgar Link	pending
ex-312x2024630.htm	Edgar Link	pending
ex-321x2024630.htm	Edgar Link	pending
ex-322x2024630.htm	Edgar Link	pending
Financial_Report.xlsx	Edgar Link	pending
irt-20240630.htm	Edgar Link	pending
irt-20240630.xsd	Edgar Link	pending
MetaLinks.json	Edgar Link	pending
R1.htm	Edgar Link	pending
R10.htm	Edgar Link	pending
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R12.htm	Edgar Link	pending
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R23.htm	Edgar Link	pending
R24.htm	Edgar Link	pending
R25.htm	Edgar Link	pending
FilingSummary.xml	Edgar Link	unprocessable
irt-20240630_cal.xml	Edgar Link	unprocessable
irt-20240630_def.xml	Edgar Link	unprocessable
irt-20240630_pre.xml	Edgar Link	unprocessable
irt-20240630_lab.xml	Edgar Link	unprocessable
irt-20240630_htm.xml	Edgar Link	completed
R26.htm	Edgar Link	pending
R27.htm	Edgar Link	pending
R28.htm	Edgar Link	pending
R29.htm	Edgar Link	pending
R3.htm	Edgar Link	pending
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R45.htm	Edgar Link	pending
R5.htm	Edgar Link	pending
R6.htm	Edgar Link	pending
R7.htm	Edgar Link	pending
R8.htm	Edgar Link	pending
R9.htm	Edgar Link	pending
report.css	Edgar Link	pending
Show.js	Edgar Link	pending

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$IRT
Independence Realty Trust Inc Stock $irt

2024 Q3 Form 10-Q Financial Statement

#000146608524000092 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IRT Independence Realty Trust Inc Stock $irt

2024 Q3 Form 10-Q Financial Statement

#000146608524000092 Filed on August 01, 2024

Income Statement

Balance Sheet

Cashflow Statement

Facts In Submission

Files In Submission

$IRT
Independence Realty Trust Inc Stock $irt