2024 Q4 Form 10-Q Financial Statement

#000146608524000124 Filed on October 31, 2024

View on sec.gov

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%

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us-gaap Profit Loss
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us-gaap Gains Losses On Sales Of Investment Real Estate
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us-gaap Gains Losses On Extinguishment Of Debt
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us-gaap Proceeds From Equity Method Investment Dividends Or Distributions Return Of Capital
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us-gaap Payments To Develop Real Estate Assets
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us-gaap Net Cash Provided By Used In Investing Activities
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us-gaap Proceeds From Unsecured Lines Of Credit
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us-gaap Payments Of Debt Extinguishment Costs
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Common Stock
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments Of Dividends Minority Interest
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Related To Tax Withholding For Share Based Compensation
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us-gaap Payments Of Stock Issuance Costs
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us-gaap Net Cash Provided By Used In Financing Activities
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us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
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4971000 usd
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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50732000 usd
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CY2024Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Cash And Cash Equivalents At Carrying Value
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CY2023Q3 us-gaap Restricted Cash
RestrictedCash
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CY2024Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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48243000 usd
CY2023Q3 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
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48988000 usd
us-gaap Nature Of Operations
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<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
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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
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27880000 usd
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us-gaap Tangible Asset Impairment Charges
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us-gaap Tangible Asset Impairment Charges
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11268000 usd
CY2023Q3 us-gaap Tangible Asset Impairment Charges
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11268000 usd
CY2024Q3 us-gaap Depreciation
Depreciation
54453000 usd
us-gaap Depreciation
Depreciation
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CY2023Q3 us-gaap Depreciation
Depreciation
55083000 usd
us-gaap Depreciation
Depreciation
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CY2024Q3 us-gaap Impairment Of Long Lived Assets Held For Use
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6893000 usd
us-gaap Impairment Of Long Lived Assets Held For Use
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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

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