2024 Q4 Form 10-Q Financial Statement
#000146608524000124 Filed on October 31, 2024
Income Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
Revenue | $160.1M | |
YoY Change | -5.02% | |
Cost Of Revenue | $1.249M | |
YoY Change | -98.23% | |
Gross Profit | $158.9M | |
YoY Change | 61.96% | |
Gross Profit Margin | 99.22% | |
Selling, General & Admin | $4.765M | |
YoY Change | 28.78% | |
% of Gross Profit | 3.0% | |
Research & Development | ||
YoY Change | ||
% of Gross Profit | ||
Depreciation & Amortization | $54.45M | |
YoY Change | -1.14% | |
% of Gross Profit | 34.27% | |
Operating Expenses | $60.03M | |
YoY Change | 1.22% | |
Operating Profit | $98.86M | |
YoY Change | 154.79% | |
Interest Expense | -$19.01M | |
YoY Change | -186.28% | |
% of Operating Profit | -19.23% | |
Other Income/Expense, Net | $0.00 | |
YoY Change | -100.0% | |
Pretax Income | $12.62M | |
YoY Change | 215.5% | |
Income Tax | $0.00 | |
% Of Pretax Income | 0.0% | |
Net Earnings | $12.37M | |
YoY Change | 214.63% | |
Net Earnings / Revenue | 7.72% | |
Basic Earnings Per Share | $0.05 | |
Diluted Earnings Per Share | $0.05 | |
COMMON SHARES | ||
Basic Shares Outstanding | 225.1M shares | 225.1M shares |
Diluted Shares Outstanding | 226.1M shares |
Balance Sheet
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
SHORT-TERM ASSETS | ||
Cash & Short-Term Investments | $17.61M | |
YoY Change | 2.39% | |
Cash & Equivalents | $17.61M | |
Short-Term Investments | ||
Other Short-Term Assets | ||
YoY Change | ||
Inventory | $0.00 | |
Prepaid Expenses | ||
Receivables | ||
Other Receivables | ||
Total Short-Term Assets | $17.61M | |
YoY Change | -80.98% | |
LONG-TERM ASSETS | ||
Property, Plant & Equipment | $5.741B | |
YoY Change | -8.48% | |
Goodwill | ||
YoY Change | ||
Intangibles | $1.158M | |
YoY Change | 336.98% | |
Long-Term Investments | $95.39M | |
YoY Change | 8.91% | |
Other Assets | $30.63M | |
YoY Change | -3.67% | |
Total Long-Term Assets | $5.931B | |
YoY Change | -8.55% | |
TOTAL ASSETS | ||
Total Short-Term Assets | $17.61M | |
Total Long-Term Assets | $5.931B | |
Total Assets | $5.948B | |
YoY Change | -9.57% | |
SHORT-TERM LIABILITIES | ||
YoY Change | ||
Accounts Payable | $119.3M | |
YoY Change | -13.87% | |
Accrued Expenses | $6.858M | |
YoY Change | -38.77% | |
Deferred Revenue | ||
YoY Change | ||
Short-Term Debt | $0.00 | |
YoY Change | ||
Long-Term Debt Due | $14.69M | |
YoY Change | 406.69% | |
Total Short-Term Liabilities | $163.1M | |
YoY Change | -13.96% | |
LONG-TERM LIABILITIES | ||
Long-Term Debt | $2.287B | |
YoY Change | -15.71% | |
Other Long-Term Liabilities | $9.745M | |
YoY Change | 24.94% | |
Total Long-Term Liabilities | $2.296B | |
YoY Change | -15.59% | |
TOTAL LIABILITIES | ||
Total Short-Term Liabilities | $163.1M | |
Total Long-Term Liabilities | $2.296B | |
Total Liabilities | $2.459B | |
YoY Change | -15.48% | |
SHAREHOLDERS EQUITY | ||
Retained Earnings | -$416.2M | |
YoY Change | 53.03% | |
Common Stock | $3.758B | |
YoY Change | 0.11% | |
Preferred Stock | ||
YoY Change | ||
Treasury Stock (at cost) | ||
YoY Change | ||
Treasury Stock Shares | ||
Shareholders Equity | $3.355B | |
YoY Change | ||
Total Liabilities & Shareholders Equity | $5.948B | |
YoY Change | -9.57% |
Cashflow Statement
Concept | 2024 Q4 | 2024 Q3 |
---|---|---|
OPERATING ACTIVITIES | ||
Net Income | $12.37M | |
YoY Change | 214.63% | |
Depreciation, Depletion And Amortization | $54.45M | |
YoY Change | -1.14% | |
Cash From Operating Activities | $69.24M | |
YoY Change | -8.66% | |
INVESTING ACTIVITIES | ||
Capital Expenditures | $51.37M | |
YoY Change | -17.94% | |
Acquisitions | ||
YoY Change | ||
Other Investing Activities | -$16.24M | |
YoY Change | -516.44% | |
Cash From Investing Activities | -$67.61M | |
YoY Change | 15.38% | |
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 | |
YoY Change | -92.67% | |
NET CHANGE | ||
Cash From Operating Activities | 69.24M | |
Cash From Investing Activities | -67.61M | |
Cash From Financing Activities | -784.0K | |
Net Change In Cash | 845.0K | |
YoY Change | -87.0% | |
FREE CASH FLOW | ||
Cash From Operating Activities | $69.24M | |
Capital Expenditures | $51.37M | |
Free Cash Flow | $17.87M | |
YoY Change | 35.38% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001466085 | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
26-4567130 | ||
dei |
Entity Interactive Data Current
EntityInteractiveDataCurrent
|
Yes | ||
dei |
Entity Filer Category
EntityFilerCategory
|
Large Accelerated Filer | ||
dei |
Entity Small Business
EntitySmallBusiness
|
false | ||
dei |
Entity Emerging Growth Company
EntityEmergingGrowthCompany
|
false | ||
dei |
Entity Shell Company
EntityShellCompany
|
false | ||
CY2024Q4 | dei |
Entity Common Stock Shares Outstanding
EntityCommonStockSharesOutstanding
|
225097396 | shares |
CY2024Q3 | irt |
Real Estate Investment Property Excluding Real Estate Held For Sale At Cost
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAtCost
|
6341504000 | usd |
CY2023Q4 | irt |
Real Estate Investment Property Excluding Real Estate Held For Sale At Cost
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAtCost
|
6259212000 | usd |
CY2024Q3 | irt |
Real Estate Investment Property Excluding Real Estate Held For Sale Accumulated Depreciation
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAccumulatedDepreciation
|
715702000 | usd |
CY2023Q4 | irt |
Real Estate Investment Property Excluding Real Estate Held For Sale Accumulated Depreciation
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleAccumulatedDepreciation
|
582760000 | usd |
CY2024Q3 | irt |
Real Estate Investment Property Excluding Real Estate Held For Sale Net
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleNet
|
5625802000 | usd |
CY2023Q4 | irt |
Real Estate Investment Property Excluding Real Estate Held For Sale Net
RealEstateInvestmentPropertyExcludingRealEstateHeldForSaleNet
|
5676452000 | usd |
CY2024Q3 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
0 | usd |
CY2023Q4 | us-gaap |
Real Estate Heldforsale
RealEstateHeldforsale
|
296334000 | usd |
CY2024Q3 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
115221000 | usd |
CY2023Q4 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
98365000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
17611000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22852000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
30632000 | usd |
CY2024Q3 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
426000 | usd |
CY2023Q4 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
7917000 | usd |
CY2024Q3 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
36906000 | usd |
CY2023Q4 | us-gaap |
Dividends Payable Current And Noncurrent
DividendsPayableCurrentAndNoncurrent
|
36858000 | usd |
CY2024Q3 | irt |
Rental And Other Property Revenue
RentalAndOtherPropertyRevenue
|
159860000 | usd |
CY2023Q3 | irt |
Rental And Other Property Revenue
RentalAndOtherPropertyRevenue
|
168375000 | usd |
CY2024Q3 | us-gaap |
Other Income
OtherIncome
|
275000 | usd |
CY2023Q3 | us-gaap |
Other Income
OtherIncome
|
232000 | usd |
CY2024Q3 | us-gaap |
Revenues
Revenues
|
160135000 | usd |
CY2023Q3 | us-gaap |
Revenues
Revenues
|
168607000 | usd |
CY2023Q3 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
63300000 | usd |
CY2024Q3 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
7379000 | usd |
CY2024Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
0 | usd |
CY2023Q3 | us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-369000 | usd |
CY2024Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-703000 | usd |
CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1178000 | usd |
CY2024Q3 | us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd |
CY2023Q3 | us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
12620000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
3986000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
255000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
56000 | usd |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12365000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3930000 | usd |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
226058400 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225140555 | shares |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
12620000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
3986000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
-15871000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
14761000 | usd |
CY2024Q3 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-5216000 | usd |
CY2023Q3 | us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-5433000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-21087000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
9328000 | usd |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
-8467000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
13314000 | usd |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
-287000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
297000 | usd |
CY2024Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
-8180000 | usd |
CY2023Q3 | us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
13017000 | 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 |
CY2023Q1 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-13000 | usd |
dei |
Entity File Number
EntityFileNumber
|
001-36041 | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2024 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q3 | ||
dei |
Document Transition Report
DocumentTransitionReport
|
false | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
INDEPENDENCE REALTY TRUST, INC. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
MD | ||
dei |
Entity Address Address Line1
EntityAddressAddressLine1
|
1835 Market Street | ||
dei |
Entity Address Address Line2
EntityAddressAddressLine2
|
Suite 2601 | ||
dei |
Entity Address State Or Province
EntityAddressStateOrProvince
|
PA | ||
dei |
Entity Address Postal Zip Code
EntityAddressPostalZipCode
|
19103 | ||
dei |
Trading Symbol
TradingSymbol
|
IRT | ||
dei |
Security Exchange Name
SecurityExchangeName
|
NYSE | ||
dei |
Entity Current Reporting Status
EntityCurrentReportingStatus
|
Yes | ||
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
27880000 | usd |
CY2024Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
95393000 | usd |
CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
89044000 | usd |
CY2024Q3 | us-gaap |
Other Assets
OtherAssets
|
43566000 | usd |
CY2023Q4 | us-gaap |
Other Assets
OtherAssets
|
39245000 | usd |
CY2024Q3 | us-gaap |
Derivative Assets
DerivativeAssets
|
18821000 | usd |
CY2023Q4 | us-gaap |
Derivative Assets
DerivativeAssets
|
29937000 | usd |
CY2023Q4 | us-gaap |
Finite Lived Intangible Assets Accumulated Amortization
FiniteLivedIntangibleAssetsAccumulatedAmortization
|
332000 | usd |
CY2024Q3 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
1158000 | usd |
CY2023Q4 | us-gaap |
Intangible Assets Net Excluding Goodwill
IntangibleAssetsNetExcludingGoodwill
|
66000 | usd |
CY2024Q3 | us-gaap |
Assets
Assets
|
5948204000 | usd |
CY2023Q4 | us-gaap |
Assets
Assets
|
6280175000 | usd |
CY2024Q3 | irt |
Long Term Debt Excluding Indebtedness Associated With Real Estate Held For Sale
LongTermDebtExcludingIndebtednessAssociatedWithRealEstateHeldForSale
|
2286694000 | usd |
CY2024Q3 | us-gaap |
Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
|
6858000 | usd |
CY2024Q3 | us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
60538000 | usd |
CY2023Q3 | us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
7232000 | usd |
CY2024Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
4765000 | usd |
CY2024Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
55261000 | usd |
CY2023Q3 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
55546000 | usd |
CY2024Q3 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-1249000 | usd |
CY2023Q3 | irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-35000 | usd |
CY2024Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
129192000 | usd |
CY2023Q3 | us-gaap |
Costs And Expenses
CostsAndExpenses
|
129773000 | usd |
CY2024Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
688000 | usd |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224820656 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224498374 | shares |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
12620000 | usd |
CY2024Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
35961000 | usd |
CY2024Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-21087000 | usd |
us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
184627000 | usd | |
us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
22544000 | usd | |
us-gaap |
Cost Of Property Repairs And Maintenance
CostOfPropertyRepairsAndMaintenance
|
20421000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
19389000 | usd | |
us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
17724000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163112000 | usd | |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
22852000 | usd |
CY2023Q4 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
27880000 | usd |
CY2023Q4 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
29937000 | usd |
CY2023Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
29937000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
128000 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
537000 | usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Document Quarterly Report
DocumentQuarterlyReport
|
true | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2024-09-30 | ||
dei |
Entity Address City Or Town
EntityAddressCityOrTown
|
Philadelphia | ||
dei |
City Area Code
CityAreaCode
|
267 | ||
dei |
Local Phone Number
LocalPhoneNumber
|
270-4800 | ||
CY2023Q4 | irt |
Indebtedness Associated With Real Estate Held For Sale Net
IndebtednessAssociatedWithRealEstateHeldForSaleNet
|
122621000 | usd |
CY2024Q3 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
119286000 | usd |
CY2023Q4 | us-gaap |
Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
|
109074000 | usd |
CY2024Q3 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
225093090 | shares |
CY2023Q3 | us-gaap |
General And Administrative Expense
GeneralAndAdministrativeExpense
|
3660000 | usd |
CY2024Q3 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
18308000 | usd |
CY2023Q3 | us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
22033000 | usd |
CY2024Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2023Q3 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset Statement Of Financial Position Extensible List
OperatingLeaseRightOfUseAssetStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherAssets | |
CY2024Q3 | us-gaap |
Operating Lease Liability Statement Of Financial Position Extensible List
OperatingLeaseLiabilityStatementOfFinancialPositionExtensibleList
|
http://fasb.org/us-gaap/2024#OtherLiabilities | |
dei |
Security12b Title
Security12bTitle
|
Common Stock, $0.01 par value per share | ||
CY2023Q4 | irt |
Long Term Debt Excluding Indebtedness Associated With Real Estate Held For Sale
LongTermDebtExcludingIndebtednessAssociatedWithRealEstateHeldForSale
|
2426788000 | usd |
CY2024Q3 | irt |
Indebtedness Associated With Real Estate Held For Sale Net
IndebtednessAssociatedWithRealEstateHeldForSaleNet
|
0 | usd |
CY2024Q3 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
1779000 | usd |
CY2023Q4 | us-gaap |
Derivative Liabilities
DerivativeLiabilities
|
0 | usd |
CY2024Q3 | us-gaap |
Other Liabilities
OtherLiabilities
|
7966000 | usd |
CY2023Q4 | us-gaap |
Other Liabilities
OtherLiabilities
|
9723000 | usd |
CY2024Q3 | us-gaap |
Liabilities
Liabilities
|
2459489000 | usd |
CY2023Q4 | us-gaap |
Liabilities
Liabilities
|
2712981000 | usd |
CY2024Q3 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
50000000 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
0 | shares |
CY2023Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
0 | shares |
CY2024Q3 | 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 | |
CY2024Q3 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0.01 | |
CY2023Q4 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
500000000 | shares |
CY2024Q3 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
225093090 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Issued
CommonStockSharesIssued
|
224706731 | shares |
CY2023Q4 | us-gaap |
Common Stock Shares Outstanding
CommonStockSharesOutstanding
|
224706731 | shares |
CY2024Q3 | irt |
Restricted Common Stock Shares Outstanding
RestrictedCommonStockSharesOutstanding
|
370550 | shares |
CY2023Q4 | irt |
Restricted Common Stock Shares Outstanding
RestrictedCommonStockSharesOutstanding
|
288250 | shares |
CY2024Q3 | us-gaap |
Common Stock Value
CommonStockValue
|
2250000 | usd |
CY2023Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
2247000 | usd |
CY2024Q3 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3755311000 | usd |
CY2023Q4 | us-gaap |
Additional Paid In Capital Common Stock
AdditionalPaidInCapitalCommonStock
|
3751942000 | usd |
CY2024Q3 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
13835000 | usd |
CY2023Q4 | us-gaap |
Accumulated Other Comprehensive Income Loss Net Of Tax
AccumulatedOtherComprehensiveIncomeLossNetOfTax
|
25513000 | usd |
CY2024Q3 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-416223000 | usd |
CY2023Q4 | us-gaap |
Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
|
-348405000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3355173000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity
StockholdersEquity
|
3431297000 | usd |
CY2024Q3 | us-gaap |
Minority Interest
MinorityInterest
|
133542000 | usd |
CY2023Q4 | us-gaap |
Minority Interest
MinorityInterest
|
135897000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3488715000 | usd |
CY2023Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3567194000 | usd |
CY2024Q3 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
5948204000 | usd |
CY2023Q4 | us-gaap |
Liabilities And Stockholders Equity
LiabilitiesAndStockholdersEquity
|
6280175000 | usd |
irt |
Rental And Other Property Revenue
RentalAndOtherPropertyRevenue
|
478296000 | usd | |
irt |
Rental And Other Property Revenue
RentalAndOtherPropertyRevenue
|
493111000 | usd | |
us-gaap |
Other Income
OtherIncome
|
776000 | usd | |
us-gaap |
Other Income
OtherIncome
|
826000 | usd | |
us-gaap |
Revenues
Revenues
|
479072000 | usd | |
us-gaap |
Revenues
Revenues
|
493937000 | usd | |
us-gaap |
Direct Costs Of Leased And Rented Property Or Equipment
DirectCostsOfLeasedAndRentedPropertyOrEquipment
|
181393000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163066000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-4015000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLoss
|
-866000 | usd | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
390453000 | usd | |
us-gaap |
Costs And Expenses
CostsAndExpenses
|
386704000 | usd | |
us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
56371000 | usd | |
us-gaap |
Interest Expense Nonoperating
InterestExpenseNonoperating
|
66383000 | usd | |
CY2023Q3 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-11268000 | usd |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
11066000 | usd | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-10284000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
203000 | usd | |
us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
0 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-1000 | usd | |
us-gaap |
Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
|
-348000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2382000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3158000 | usd | |
us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd | |
us-gaap |
Restructuring Costs
RestructuringCosts
|
3213000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
41134000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
23847000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
840000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
559000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
40294000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
23288000 | usd | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.10 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.10 | ||
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224747327 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224383590 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225530265 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225103475 | shares | |
us-gaap |
Profit Loss
ProfitLoss
|
41134000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
23847000 | usd | |
us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
3657000 | usd | |
us-gaap |
Other Comprehensive Income Loss Derivative Excluded Component Increase Decrease After Adjustments And Tax
OtherComprehensiveIncomeLossDerivativeExcludedComponentIncreaseDecreaseAfterAdjustmentsAndTax
|
26681000 | usd | |
us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-15645000 | usd | |
us-gaap |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNet
|
-13559000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-11988000 | usd | |
us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
13122000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
29146000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Including Portion Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest
|
36969000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
530000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax Attributable To Noncontrolling Interest
ComprehensiveIncomeNetOfTaxAttributableToNoncontrollingInterest
|
873000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
28616000 | usd | |
us-gaap |
Comprehensive Income Net Of Tax
ComprehensiveIncomeNetOfTax
|
36096000 | 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 | 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 |
CY2024Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
958000 | usd |
CY2024Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
29000 | usd |
CY2024Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-375000 | usd |
CY2024Q3 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.16 | |
CY2024Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
951000 | usd |
CY2024Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3488715000 | 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 | 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 |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
3986000 | usd |
CY2023Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2023Q3 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
35940000 | usd |
CY2023Q3 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
9328000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
379000 | usd |
CY2023Q3 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
3809000 | usd |
CY2023Q3 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
-408000 | usd |
CY2023Q3 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.16 | |
CY2023Q3 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
953000 | usd |
CY2023Q3 | us-gaap |
Noncontrolling Interest Increase From Business Combination
NoncontrollingInterestIncreaseFromBusinessCombination
|
256000 | usd |
CY2023Q3 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
3667756000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
41134000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
23847000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163112000 | usd | |
us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
163066000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
6918000 | usd | |
us-gaap |
Accretion Amortization Of Discounts And Premiums Investments
AccretionAmortizationOfDiscountsAndPremiumsInvestments
|
8239000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2070000 | usd | |
us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
2534000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6128000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
6781000 | usd | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
11066000 | usd | |
us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
-10284000 | 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
|
907000 | usd | |
irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
973000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss And Other Adjustments
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLossAndOtherAdjustments
|
-3299000 | usd | |
irt |
Policyholder Benefits And Claims Incurred Net Property Casualty And Liability Gain Loss And Other Adjustments
PolicyholderBenefitsAndClaimsIncurredNetPropertyCasualtyAndLiabilityGainLossAndOtherAdjustments
|
-866000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2382000 | usd | |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3158000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1000 | usd | |
us-gaap |
Other Noncash Income Expense
OtherNoncashIncomeExpense
|
-1261000 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
10753000 | usd | |
us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
9276000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
8404000 | usd | |
us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
9352000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-1059000 | usd | |
us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
279000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1119000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-1894000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
196319000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
202992000 | usd | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
81220000 | usd | |
us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
0 | usd | |
us-gaap |
Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
|
0 | usd | |
us-gaap |
Cash Acquired In Excess Of Payments To Acquire Business
CashAcquiredInExcessOfPaymentsToAcquireBusiness
|
2145000 | usd | |
us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
8881000 | usd | |
us-gaap |
Payments To Acquire Real Estate And Real Estate Joint Ventures
PaymentsToAcquireRealEstateAndRealEstateJointVentures
|
23221000 | usd | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
150000 | usd | |
us-gaap |
Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
ProceedsFromEquityMethodInvestmentDividendsOrDistributionsReturnOfCapital
|
0 | usd | |
us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
390817000 | usd | |
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
|
92057000 | usd | |
irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
111872000 | usd | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
41894000 | usd | |
us-gaap |
Payments To Develop Real Estate Assets
PaymentsToDevelopRealEstateAssets
|
48491000 | usd | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
4028000 | usd | |
us-gaap |
Proceeds From Insurance Settlement Investing Activities
ProceedsFromInsuranceSettlementInvestingActivities
|
3265000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
170943000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-142617000 | usd | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
239000000 | usd | |
us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
185000000 | usd | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
282652000 | usd | |
us-gaap |
Repayments Of Long Term Lines Of Credit
RepaymentsOfLongTermLinesOfCredit
|
127513000 | usd | |
us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
211064000 | usd | |
us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
6067000 | 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
|
437000 | usd | |
irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
60000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
108064000 | usd | |
us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
98965000 | usd | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
2852000 | usd | |
us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
2639000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
2572000 | usd | |
us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
4739000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
447000 | usd | |
us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
421000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-369751000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-55404000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
-2489000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
|
4971000 | 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 |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48243000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48988000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
17611000 | usd |
CY2023Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
17216000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
30632000 | usd |
CY2023Q3 | us-gaap |
Restricted Cash
RestrictedCash
|
31772000 | usd |
CY2024Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48243000 | usd |
CY2023Q3 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
48988000 | 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 September 30, 2024, we owned and operated 110 (unaudited) multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 32,670 (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 September 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 September 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> | ||
CY2024Q3 | irt |
Number Of Real Estate Properties Excluding Development Properties
NumberOfRealEstatePropertiesExcludingDevelopmentProperties
|
110 | property |
CY2024Q3 | irt |
Number Of Unconsolidated Joint Venture
NumberOfUnconsolidatedJointVenture
|
1 | jointventure |
CY2024Q3 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
32670 | unit |
irt |
Number Of Joint Ventures
NumberOfJointVentures
|
4 | jointventure | |
CY2024Q3 | irt |
Number Of Joint Ventures Own And Operate Apartment Communities
NumberOfJointVenturesOwnAndOperateApartmentCommunities
|
2 | jointventure |
CY2024Q3 | irt |
Number Of Units In Developing Multifamily Apartment Community
NumberOfUnitsInDevelopingMultifamilyApartmentCommunity
|
810 | unit |
CY2024Q3 | irt |
Number Of Operating Property
NumberOfOperatingProperty
|
2 | property |
CY2024Q3 | 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> | ||
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
30632000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
27880000 | usd |
CY2024Q3 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
0 | usd |
us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
15107000 | usd | |
us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
11268000 | usd | |
CY2023Q3 | us-gaap |
Tangible Asset Impairment Charges
TangibleAssetImpairmentCharges
|
11268000 | usd |
CY2024Q3 | us-gaap |
Depreciation
Depreciation
|
54453000 | usd |
us-gaap |
Depreciation
Depreciation
|
161533000 | usd | |
CY2023Q3 | us-gaap |
Depreciation
Depreciation
|
55083000 | usd |
us-gaap |
Depreciation
Depreciation
|
161670000 | usd | |
CY2024Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
6893000 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
22496000 | usd | |
CY2023Q3 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
7563000 | usd |
us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
15596000 | usd | |
CY2024Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
1249000 | usd |
us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
4015000 | usd | |
CY2023Q3 | us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
35000 | usd |
us-gaap |
Policyholder Benefits And Claims Incurred Net
PolicyholderBenefitsAndClaimsIncurredNet
|
866000 | usd | |
CY2024Q3 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1868000 | usd |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
5209000 | usd | |
CY2023Q3 | us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
1926000 | usd |
us-gaap |
Interest Costs Capitalized
InterestCostsCapitalized
|
5094000 | usd | |
CY2024Q3 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
115221000 | usd |
CY2023Q4 | us-gaap |
Real Estate Held For Development And Sale Net
RealEstateHeldForDevelopmentAndSaleNet
|
98365000 | usd |
CY2024Q3 | irt |
Number Of Investments In Unconsolidated Real Estate Entities
NumberOfInvestmentsInUnconsolidatedRealEstateEntities
|
4 | investment |
CY2024Q3 | irt |
Number Of Investments In Unconsolidated Real Estate Entities
NumberOfInvestmentsInUnconsolidatedRealEstateEntities
|
4 | investment |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
17611000 | usd |
CY2024Q3 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
17611000 | usd |
CY2023Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
22852000 | usd |
CY2024Q3 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
30632000 | usd |
CY2024Q3 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
30632000 | usd |
CY2023Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
27880000 | usd |
CY2024Q3 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
18821000 | usd |
CY2024Q3 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
18821000 | usd |
CY2024Q3 | irt |
Derivative Liabilities Carrying Value
DerivativeLiabilitiesCarryingValue
|
1779000 | usd |
CY2024Q3 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
1779000 | usd |
CY2023Q4 | irt |
Derivative Liabilities Carrying Value
DerivativeLiabilitiesCarryingValue
|
0 | usd |
CY2023Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
0 | usd |
us-gaap |
Impairment Of Real Estate
ImpairmentOfRealEstate
|
15107000 | usd | |
CY2024Q3 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
1982000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
2408000 | usd |
CY2024Q3 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2240000 | usd |
CY2023Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
2701000 | usd |
CY2023Q3 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
219000 | usd |
us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
631000 | usd | |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2023Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd | |
CY2024Q3 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | usd |
CY2023Q1 | us-gaap |
Restructuring Costs
RestructuringCosts
|
3213000 | usd |
CY2024Q3 | us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd |
us-gaap |
Restructuring Costs
RestructuringCosts
|
0 | usd | |
CY2024Q3 | irt |
Number Of Real Estate Properties Excluding Development Properties
NumberOfRealEstatePropertiesExcludingDevelopmentProperties
|
110 | property |
irt |
Number Of Properties Owned By Joint Ventures
NumberOfPropertiesOwnedByJointVentures
|
1 | property | |
CY2024Q3 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
32670 | unit |
CY2024Q3 | us-gaap |
Land
Land
|
552008000 | usd |
CY2023Q4 | us-gaap |
Land
Land
|
540950000 | usd |
CY2024Q3 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5311757000 | usd |
CY2023Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
5288956000 | usd |
CY2024Q3 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
477739000 | usd |
CY2023Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
429306000 | usd |
CY2024Q3 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6341504000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
6259212000 | usd |
CY2024Q3 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
715702000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
582760000 | usd |
CY2024Q3 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5625802000 | usd |
CY2023Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
5676452000 | usd |
irt |
Asset Acquisition Real Estate Investment Property Excluding Real Estate Held For Sale Net
AssetAcquisitionRealEstateInvestmentPropertyExcludingRealEstateHeldForSaleNet
|
80551000 | usd | |
irt |
Asset Acquisition Other Assets
AssetAcquisitionOtherAssets
|
88000 | usd | |
irt |
Asset Acquisition Other Than Goodwill
AssetAcquisitionOtherThanGoodwill
|
1584000 | usd | |
irt |
Asset Acquisition Assets
AssetAcquisitionAssets
|
82223000 | usd | |
irt |
Asset Acquisition Accounts Payable And Accrued Liabilities
AssetAcquisitionAccountsPayableAndAccruedLiabilities
|
858000 | usd | |
irt |
Asset Acquisition Liabilities Other
AssetAcquisitionLiabilitiesOther
|
145000 | usd | |
irt |
Asset Acquisition Liabilities
AssetAcquisitionLiabilities
|
1003000 | usd | |
irt |
Asset Acquisition Assets Acquired And Liabilities Assumed Net
AssetAcquisitionAssetsAcquiredAndLiabilitiesAssumedNet
|
81220000 | usd | |
CY2024Q3 | irt |
Number Of Units In Real Estate Property Disposed
NumberOfUnitsInRealEstatePropertyDisposed
|
2100 | housingunit |
irt |
Sale Price Of Real Estate Property
SalePriceOfRealEstateProperty
|
395425000 | usd | |
irt |
Gains Losses On Sales Of Investment Real Estate During Period
GainsLossesOnSalesOfInvestmentRealEstateDuringPeriod
|
11066000 | 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 |
CY2024Q3 | us-gaap |
Construction In Progress Gross
ConstructionInProgressGross
|
336440000 | usd |
CY2024Q3 | us-gaap |
Construction Payable Current And Noncurrent
ConstructionPayableCurrentAndNoncurrent
|
216554000 | usd |
CY2024Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-703000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-2382000 | usd | |
CY2023Q3 | us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-1178000 | usd |
us-gaap |
Income Loss From Equity Method Investments
IncomeLossFromEquityMethodInvestments
|
-3158000 | usd | |
irt |
Equity Method Investment Number Of Units After Development Is Complete
EquityMethodInvestmentNumberOfUnitsAfterDevelopmentIsComplete
|
1463 | unit | |
CY2024Q3 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
95393000 | usd |
CY2023Q4 | us-gaap |
Equity Method Investments
EquityMethodInvestments
|
89044000 | usd |
CY2024Q3 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
2260982000 | usd |
CY2024Q3 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
8258000 | usd |
CY2024Q3 | us-gaap |
Debt Instrument Unamortized Discount Premium Net
DebtInstrumentUnamortizedDiscountPremiumNet
|
-33970000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt
LongTermDebt
|
2286694000 | usd |
CY2024Q3 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.049 | |
CY2024Q3 | us-gaap |
Debt Instrument Interest Rate Effective Percentage
DebtInstrumentInterestRateEffectivePercentage
|
0.042 | |
us-gaap |
Debt Instrument Term
DebtInstrumentTerm
|
P3Y3M18D | ||
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal Remainder Of Fiscal Year
LongTermDebtMaturitiesRepaymentsOfPrincipalRemainderOfFiscalYear
|
14694000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
136029000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
528361000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
22422000 | usd |
CY2024Q3 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
1033798000 | usd |
CY2024Q3 | irt |
Long Term Debt Maturities Repayments Of Principal After Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFour
|
525678000 | 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 |
CY2024Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q3 | irt |
Number Of Forward Sale Agreements
NumberOfForwardSaleAgreements
|
2 | agreement |
CY2023Q3 | irt |
At Market Sales Agreement Maximum Offer Price Of Common Shares
AtMarketSalesAgreementMaximumOfferPriceOfCommonShares
|
450000000 | usd |
CY2022Q2 | srt |
Stock Repurchase Program Authorized Amount1
StockRepurchaseProgramAuthorizedAmount1
|
250000000 | usd |
CY2024Q3 | us-gaap |
Stock Repurchase Program Remaining Authorized Repurchase Amount1
StockRepurchaseProgramRemainingAuthorizedRepurchaseAmount1
|
250000000 | usd |
us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
4928 | shares | |
CY2024Q3 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
5941643 | shares |
CY2024Q3 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q2 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q1 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.16 | |
CY2024Q3 | 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 | |
CY2024Q3 | us-gaap |
Profit Loss
ProfitLoss
|
12620000 | usd |
CY2023Q3 | us-gaap |
Profit Loss
ProfitLoss
|
3986000 | usd |
us-gaap |
Profit Loss
ProfitLoss
|
41134000 | usd | |
us-gaap |
Profit Loss
ProfitLoss
|
23847000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
255000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
56000 | usd |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
840000 | usd | |
us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
559000 | usd | |
CY2024Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
12365000 | usd |
CY2023Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3930000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
40294000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
23288000 | usd | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224820656 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224498374 | shares |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224747327 | shares | |
us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
224383590 | shares | |
CY2024Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
226058400 | shares |
CY2023Q3 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225140555 | shares |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225530265 | shares | |
us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
225103475 | shares | |
CY2024Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
CY2023Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.02 | |
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.18 | ||
us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.10 | ||
CY2024Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
CY2023Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.02 | |
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.18 | ||
us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.10 | ||
CY2024Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
5941643 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
18949573 | shares | |
CY2023Q3 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6588751 | shares |
us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
6666456 | shares | |
CY2024Q3 | ecd |
Rule10b51 Arr Adopted Flag
Rule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Adopted Flag
NonRule10b51ArrAdoptedFlag
|
false | |
CY2024Q3 | ecd |
Rule10b51 Arr Trmntd Flag
Rule10b51ArrTrmntdFlag
|
false | |
CY2024Q3 | ecd |
Non Rule10b51 Arr Trmntd Flag
NonRule10b51ArrTrmntdFlag
|
false |