2019 Form 10-K Financial Statement
#000156459020005043 Filed on February 18, 2020
Income Statement
Concept | 2019 | 2018 Q4 | 2018 Q3 |
---|---|---|---|
Revenue | $203.2M | $49.81M | $48.78M |
YoY Change | 6.27% | 17.34% | 21.75% |
Cost Of Revenue | $87.30M | $21.48M | $1.661M |
YoY Change | 1153.77% | 17.31% | -90.52% |
Gross Profit | $115.9M | $28.33M | $47.12M |
YoY Change | -37.1% | 17.36% | 109.04% |
Gross Profit Margin | 57.03% | 56.88% | 96.59% |
Selling, General & Admin | $12.70M | $2.630M | $2.580M |
YoY Change | 17.59% | 9.58% | 11.21% |
% of Gross Profit | 10.96% | 9.28% | 5.48% |
Research & Development | |||
YoY Change | |||
% of Gross Profit | |||
Depreciation & Amortization | $51.22M | $11.63M | $10.22M |
YoY Change | 22.56% | 17.36% | 23.76% |
% of Gross Profit | 44.19% | 41.05% | 21.68% |
Operating Expenses | $65.60M | $14.26M | $13.36M |
YoY Change | 16.93% | 15.93% | 21.45% |
Operating Profit | $50.30M | $14.07M | $33.76M |
YoY Change | -60.75% | 18.83% | 192.53% |
Interest Expense | $39.23M | -$9.940M | $9.129M |
YoY Change | -208.96% | 39.41% | -231.35% |
% of Operating Profit | 77.98% | -70.65% | 27.04% |
Other Income/Expense, Net | $0.00 | $0.00 | $0.00 |
YoY Change | -100.0% | -100.0% | |
Pretax Income | $46.40M | $14.73M | $4.840M |
YoY Change | 74.44% | 125.92% | 317.24% |
Income Tax | $0.00 | $0.00 | |
% Of Pretax Income | 0.0% | 0.0% | |
Net Earnings | $45.90M | $14.58M | $4.787M |
YoY Change | 74.59% | 131.69% | 336.37% |
Net Earnings / Revenue | 22.58% | 29.27% | 9.81% |
Basic Earnings Per Share | $0.51 | $0.16 | $0.05 |
Diluted Earnings Per Share | $0.51 | $0.16 | $0.05 |
COMMON SHARES | |||
Basic Shares Outstanding | 89.80M | 88.92M | 87.70M |
Diluted Shares Outstanding | 90.42M | 88.05M |
Balance Sheet
Concept | 2019 | 2018 Q4 | 2018 Q3 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $9.900M | $9.300M | $7.600M |
YoY Change | 6.45% | -7.0% | -24.75% |
Cash & Equivalents | $9.900M | $9.316M | $7.645M |
Short-Term Investments | |||
Other Short-Term Assets | |||
YoY Change | |||
Inventory | $77.30M | $141.9M | |
Prepaid Expenses | |||
Receivables | $8.800M | $6.900M | |
Other Receivables | $0.00 | $0.00 | |
Total Short-Term Assets | $9.900M | $95.40M | $156.4M |
YoY Change | -89.62% | 442.05% | 276.87% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $1.641B | $1.548B | $1.470B |
YoY Change | 5.97% | 9.02% | 8.76% |
Goodwill | |||
YoY Change | |||
Intangibles | $744.0K | $555.0K | |
YoY Change | -32.3% | ||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $4.500M | $6.700M | $8.300M |
YoY Change | -32.84% | 45.65% | 23.88% |
Total Long-Term Assets | $1.654B | $1.564B | $1.492B |
YoY Change | 5.77% | 9.14% | 9.39% |
TOTAL ASSETS | |||
Total Short-Term Assets | $9.900M | $95.40M | $156.4M |
Total Long-Term Assets | $1.654B | $1.564B | $1.492B |
Total Assets | $1.664B | $1.659B | $1.648B |
YoY Change | 0.29% | 14.39% | 17.29% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $25.40M | $22.80M | $28.50M |
YoY Change | 11.4% | 32.56% | 22.84% |
Accrued Expenses | $5.400M | $700.0K | $500.0K |
YoY Change | 671.43% | 250.0% | 400.0% |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $47.30M | $39.70M | $45.10M |
YoY Change | 19.14% | 75.66% | 58.25% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $985.6M | $985.5M | $963.2M |
YoY Change | 0.01% | 26.61% | 31.66% |
Other Long-Term Liabilities | $11.50M | $4.100M | $3.700M |
YoY Change | 180.49% | 20.59% | 19.35% |
Total Long-Term Liabilities | $997.1M | $989.6M | $966.9M |
YoY Change | 0.76% | 26.58% | 31.6% |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $47.30M | $39.70M | $45.10M |
Total Long-Term Liabilities | $997.1M | $989.6M | $966.9M |
Total Liabilities | $1.051B | $1.029B | $1.019B |
YoY Change | 1.4% | 27.94% | 29.7% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$122.3M | ||
YoY Change | 43.56% | ||
Common Stock | $743.3M | ||
YoY Change | 5.48% | ||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $613.3M | $623.0M | $628.9M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $1.664B | $1.659B | $1.648B |
YoY Change | 0.29% | 14.39% | 17.29% |
Cashflow Statement
Concept | 2019 | 2018 Q4 | 2018 Q3 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | $45.90M | $14.58M | $4.787M |
YoY Change | 74.59% | 131.69% | 336.37% |
Depreciation, Depletion And Amortization | $51.22M | $11.63M | $10.22M |
YoY Change | 22.56% | 17.36% | 23.76% |
Cash From Operating Activities | $75.00M | $11.21M | $21.62M |
YoY Change | 9.44% | 21.06% | 26.95% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $249.0K | -$12.08M | -$13.09M |
YoY Change | -58.43% | 182.9% | 199.54% |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | -$60.77M | -$34.95M | -$64.53M |
YoY Change | -67.85% | -18.15% | -23.93% |
Cash From Investing Activities | -$106.4M | -$47.03M | -$77.63M |
YoY Change | -53.63% | 0.13% | -12.98% |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | $20.98M | ||
YoY Change | -4.26% | ||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 29.78M | 35.94M | 53.98M |
YoY Change | -81.66% | 1.15% | -29.91% |
NET CHANGE | |||
Cash From Operating Activities | 75.00M | 11.21M | 21.62M |
Cash From Investing Activities | -106.4M | -47.03M | -77.63M |
Cash From Financing Activities | 29.78M | 35.94M | 53.98M |
Net Change In Cash | -1.612M | 120.0K | -2.030M |
YoY Change | -213.04% | -105.5% | -142.03% |
FREE CASH FLOW | |||
Cash From Operating Activities | $75.00M | $11.21M | $21.62M |
Capital Expenditures | $249.0K | -$12.08M | -$13.09M |
Free Cash Flow | $74.75M | $23.29M | $34.71M |
YoY Change | 10.04% | 72.14% | 62.2% |
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|
89000 | |
CY2017 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
18825000 | |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
26288000 | |
CY2017 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
569000 | |
CY2017 | us-gaap |
Noncontrolling Interest Increase From Subsidiary Equity Issuance
NoncontrollingInterestIncreaseFromSubsidiaryEquityIssuance
|
1654000 | |
CY2017Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
646119000 | |
CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
26610000 | |
CY2018 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-2754000 | |
CY2018 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
2560000 | |
CY2018 | us-gaap |
Stock Repurchased And Retired During Period Value
StockRepurchasedAndRetiredDuringPeriodValue
|
354000 | |
CY2018 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
21914000 | |
CY2018 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
641000 | |
CY2018Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
630045000 | |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
46354000 | |
CY2019 | us-gaap |
Common Stock Dividends Per Share Declared
CommonStockDividendsPerShareDeclared
|
0.72 | |
CY2019 | us-gaap |
Dividends Common Stock
DividendsCommonStock
|
65079000 | |
CY2019 | us-gaap |
Other Comprehensive Income Loss Net Of Tax
OtherComprehensiveIncomeLossNetOfTax
|
-14432000 | |
CY2019 | us-gaap |
Stock Issued During Period Value Share Based Compensation
StockIssuedDuringPeriodValueShareBasedCompensation
|
3166000 | |
CY2019 | us-gaap |
Stock Issued During Period Value New Issues
StockIssuedDuringPeriodValueNewIssues
|
20980000 | |
CY2019 | irt |
Distribution To Noncontrolling Interest Declared Per Share
DistributionToNoncontrollingInterestDeclaredPerShare
|
0.72 | |
CY2019 | us-gaap |
Minority Interest Decrease From Distributions To Noncontrolling Interest Holders
MinorityInterestDecreaseFromDistributionsToNoncontrollingInterestHolders
|
635000 | |
CY2019Q4 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
619757000 | |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
46354000 | |
CY2019 | us-gaap |
Depreciation And Amortization
DepreciationAndAmortization
|
52815000 | |
CY2019 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1423000 | |
CY2018 | us-gaap |
Amortization Of Financing Costs
AmortizationOfFinancingCosts
|
1430000 | |
CY2019 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
3116000 | |
CY2018 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
2524000 | |
CY2019 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
35211000 | |
CY2018 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
10650000 | |
CY2017 | us-gaap |
Gain Loss On Disposition Of Assets
GainLossOnDispositionOfAssets
|
18825000 | |
CY2018 | irt |
Rental Revenue
RentalRevenue
|
184330000 | |
CY2019 | irt |
Other Property Revenue
OtherPropertyRevenue
|
7500000 | |
CY2017 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-572000 | |
CY2019 | irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
690000 | |
CY2018 | irt |
Amortization Or Adjustments Related To Derivative Instruments
AmortizationOrAdjustmentsRelatedToDerivativeInstruments
|
-40000 | |
CY2017 | irt |
Acquisition Related Debt Extinguishment Expenses
AcquisitionRelatedDebtExtinguishmentExpenses
|
3624000 | |
CY2019 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
-1344000 | |
CY2018 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
514000 | |
CY2017 | us-gaap |
Increase Decrease In Other Operating Assets
IncreaseDecreaseInOtherOperatingAssets
|
1267000 | |
CY2019 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3490000 | |
CY2018 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
3284000 | |
CY2017 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
1578000 | |
CY2019 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
1542000 | |
CY2018 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
469000 | |
CY2017 | us-gaap |
Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
|
-242000 | |
CY2019 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-562000 | |
CY2018 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
196000 | |
CY2017 | us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-190000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
75001000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
68530000 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
54324000 | |
CY2019 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
128908000 | |
CY2018 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
215833000 | |
CY2017 | us-gaap |
Payments To Acquire Real Estate
PaymentsToAcquireRealEstate
|
221813000 | |
CY2019 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
68137000 | |
CY2018 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
26802000 | |
CY2017 | us-gaap |
Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
|
44474000 | |
CY2019 | irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
45625000 | |
CY2018 | irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
40426000 | |
CY2017 | irt |
Payments To Acquire Productive Assets Excluding Acquisition Of Real Estate Properties
PaymentsToAcquireProductiveAssetsExcludingAcquisitionOfRealEstateProperties
|
14370000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-106396000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-229457000 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-191709000 | |
CY2019 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
20981000 | |
CY2018 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
21914000 | |
CY2017 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
137353000 | |
CY2019 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
234059000 | |
CY2018 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
400000000 | |
CY2017 | us-gaap |
Proceeds From Unsecured Lines Of Credit
ProceedsFromUnsecuredLinesOfCredit
|
199690000 | |
CY2019 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
153500000 | |
CY2018 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
198262000 | |
CY2017 | us-gaap |
Repayments Of Unsecured Debt
RepaymentsOfUnsecuredDebt
|
145685000 | |
CY2019 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
4284000 | |
CY2018 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
3191000 | |
CY2017 | us-gaap |
Repayments Of First Mortgage Bond
RepaymentsOfFirstMortgageBond
|
2654000 | |
CY2019 | irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
1446000 | |
CY2018 | irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
890000 | |
CY2017 | irt |
Payments Reimbursements For Deferred Financing Costs
PaymentsReimbursementsForDeferredFinancingCosts
|
2089000 | |
CY2019 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
64745000 | |
CY2018 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
52476000 | |
CY2017 | us-gaap |
Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
|
52304000 | |
CY2019 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
640000 | |
CY2018 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
658000 | |
CY2017 | us-gaap |
Payments Of Dividends Minority Interest
PaymentsOfDividendsMinorityInterest
|
2119000 | |
CY2018 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
3730000 | |
CY2017 | us-gaap |
Payments For Hedge Financing Activities
PaymentsForHedgeFinancingActivities
|
2405000 | |
CY2017 | us-gaap |
Payments Of Debt Extinguishment Costs
PaymentsOfDebtExtinguishmentCosts
|
3624000 | |
CY2019 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
642000 | |
CY2018 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
354000 | |
CY2017 | us-gaap |
Payments Related To Tax Withholding For Share Based Compensation
PaymentsRelatedToTaxWithholdingForShareBasedCompensation
|
569000 | |
CY2019 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
29783000 | |
CY2018 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
162353000 | |
CY2017 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
125594000 | |
CY2019 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-1612000 | |
CY2018 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
1426000 | |
CY2017 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-11791000 | |
CY2018Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
16045000 | |
CY2017Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
14619000 | |
CY2016Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
26410000 | |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9888000 | |
CY2017Q4 | us-gaap |
Restricted Cash
RestrictedCash
|
6729000 | |
CY2019 | us-gaap |
Interest Paid Net
InterestPaidNet
|
37531000 | |
CY2018 | us-gaap |
Interest Paid Net
InterestPaidNet
|
36002000 | |
CY2017 | us-gaap |
Interest Paid Net
InterestPaidNet
|
27368000 | |
CY2019 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
78000 | |
CY2018 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
14506000 | |
CY2017 | us-gaap |
Conversion Of Stock Amount Issued1
ConversionOfStockAmountIssued1
|
620000 | |
CY2019 | us-gaap |
Dividends Cash
DividendsCash
|
16491000 | |
CY2018 | us-gaap |
Dividends Cash
DividendsCash
|
16162000 | |
CY2017 | us-gaap |
Dividends Cash
DividendsCash
|
5245000 | |
CY2017 | irt |
Non Cash Or Part Non Cash Acquisition Non Cash Financial Or Equity Instrument Consideration Value
NonCashOrPartNonCashAcquisitionNonCashFinancialOrEquityInstrumentConsiderationValue
|
1654000 | |
CY2018 | us-gaap |
Loans Assumed1
LoansAssumed1
|
54756000 | |
CY2017 | us-gaap |
Loans Assumed1
LoansAssumed1
|
18977000 | |
CY2019 | irt |
Intial Measurement Of Operating Lease Right Of Use Assets
IntialMeasurementOfOperatingLeaseRightOfUseAssets
|
2812000 | |
CY2019 | irt |
Intial Measurement Of Operating Lease Liabilities
IntialMeasurementOfOperatingLeaseLiabilities
|
3176000 | |
CY2019 | irt |
Noncash Or Part Noncash Debt Extinguishment Costs Included In Net Gain Loss On Sale Of Assets
NoncashOrPartNoncashDebtExtinguishmentCostsIncludedInNetGainLossOnSaleOfAssets
|
7417000 | |
CY2018 | irt |
Noncash Or Part Noncash Debt Extinguishment Costs Included In Net Gain Loss On Sale Of Assets
NoncashOrPartNoncashDebtExtinguishmentCostsIncludedInNetGainLossOnSaleOfAssets
|
911000 | |
CY2017 | irt |
Noncash Or Part Noncash Debt Extinguishment Costs Included In Net Gain Loss On Sale Of Assets
NoncashOrPartNoncashDebtExtinguishmentCostsIncludedInNetGainLossOnSaleOfAssets
|
4251000 | |
CY2019 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
804000 | |
CY2018 | us-gaap |
Capital Expenditures Incurred But Not Yet Paid
CapitalExpendituresIncurredButNotYetPaid
|
1750000 | |
CY2019 | us-gaap |
Nature Of Operations
NatureOfOperations
|
<p id="NOTES_TO_CONSOLIDATED_FINAN" style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-weight:bold;font-size:10pt;font-family:Times New Roman;font-style:normal;text-transform:none;font-variant: normal;">NOTE 1: Organization </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:0%;font-size:12pt;font-family:Times New Roman;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">Independence Realty Trust, Inc. (“IRT”), is a self-administered and self-managed Maryland real estate investment trust (“REIT”) which was formed on March 26, 2009. Our primary purposes are to acquire, own, operate, improve and manage multifamily apartment communities in non-gateway markets. As of December 31, 2019, we owned and operated 57 (unaudited) multifamily apartment properties, totaling 15,554 (unaudited) units across non-gateway U.S markets, including Atlanta, Louisville, Memphis, and Raleigh. We own substantially all of our assets and conduct our operations through Independence Realty Operating Partnership, LP, which we refer to as IROP, of which we are the sole general partner. </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5%;font-family:Times New Roman;font-size:10pt;"> </p> <p style="margin-bottom:0pt;margin-top:0pt;text-indent:5%;color:#000000;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;"> As used herein, the terms “we,” “our” and “us” refer to Independence Realty Trust, Inc. and, as required by context, IROP and their subsidiaries. </p> | |
CY2019Q4 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
57 | |
CY2019Q4 | us-gaap |
Number Of Units In Real Estate Property
NumberOfUnitsInRealEstateProperty
|
15554 | |
CY2019 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<p style="margin-bottom:0pt;margin-top:12pt;margin-left:2.26%;text-indent:0%;font-weight:bold;font-style:italic;font-size:10pt;font-family:Times New Roman;text-transform:none;font-variant: normal;">c. Use of Estimates </p> <p style="margin-top:6pt;margin-bottom:0pt;text-indent:4.54%;font-family:Times New Roman;font-size:10pt;font-weight:normal;font-style:normal;text-transform:none;font-variant: normal;">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. </p> | |
CY2019Q4 | us-gaap |
Cash Fdic Insured Amount
CashFDICInsuredAmount
|
250000 | |
CY2019Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
4545000 | |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
6729000 | |
CY2019 | us-gaap |
Finite Lived Intangible Asset Useful Life
FiniteLivedIntangibleAssetUsefulLife
|
P6M | |
CY2019 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1599000 | |
CY2018 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
3433000 | |
CY2017 | us-gaap |
Amortization Of Intangible Assets
AmortizationOfIntangibleAssets
|
1536000 | |
CY2019 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
1846000 | |
CY2018 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
4153000 | |
CY2017 | us-gaap |
Impairment Of Intangible Assets Finitelived
ImpairmentOfIntangibleAssetsFinitelived
|
0 | |
CY2019Q4 | us-gaap |
Finite Lived Intangible Assets Amortization Expense Next Twelve Months
FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths
|
410000 | |
CY2019 | us-gaap |
Depreciation
Depreciation
|
51216000 | |
CY2018 | us-gaap |
Depreciation
Depreciation
|
41788000 | |
CY2017 | us-gaap |
Depreciation
Depreciation
|
32665000 | |
CY2019 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
940000 | |
CY2018 | us-gaap |
Impairment Of Long Lived Assets Held For Use
ImpairmentOfLongLivedAssetsHeldForUse
|
408000 | |
CY2019 | irt |
Rental Revenue
RentalRevenue
|
195120000 | |
CY2017 | irt |
Rental Revenue
RentalRevenue
|
155334000 | |
CY2018 | irt |
Other Property Revenue
OtherPropertyRevenue
|
6382000 | |
CY2018 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2017 | irt |
Other Property Revenue
OtherPropertyRevenue
|
5163000 | |
CY2019 | us-gaap |
Other Income
OtherIncome
|
603000 | |
CY2018 | us-gaap |
Other Income
OtherIncome
|
520000 | |
CY2017 | us-gaap |
Other Income
OtherIncome
|
719000 | |
CY2019 | us-gaap |
Revenues
Revenues
|
203223000 | |
CY2018 | us-gaap |
Revenues
Revenues
|
191232000 | |
CY2017 | us-gaap |
Revenues
Revenues
|
161216000 | |
CY2018 | us-gaap |
Provision For Doubtful Accounts
ProvisionForDoubtfulAccounts
|
644000 | |
CY2019 | us-gaap |
Advertising Expense
AdvertisingExpense
|
2350000 | |
CY2018 | us-gaap |
Advertising Expense
AdvertisingExpense
|
2172000 | |
CY2017 | us-gaap |
Advertising Expense
AdvertisingExpense
|
1806000 | |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9888000 | |
CY2019Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
9888000 | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
9316000 | |
CY2018Q4 | us-gaap |
Cash And Cash Equivalents Fair Value Disclosure
CashAndCashEquivalentsFairValueDisclosure
|
9316000 | |
CY2019Q4 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
4545000 | |
CY2018Q4 | us-gaap |
Restricted Cash And Cash Equivalents At Carrying Value
RestrictedCashAndCashEquivalentsAtCarryingValue
|
6729000 | |
CY2018Q4 | irt |
Restricted Cash And Cash Equivalents Fair Value Disclosure
RestrictedCashAndCashEquivalentsFairValueDisclosure
|
6729000 | |
CY2019Q4 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
953000 | |
CY2019Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
953000 | |
CY2018Q4 | irt |
Derivative Assets Carrying Value
DerivativeAssetsCarryingValue
|
8307000 | |
CY2018Q4 | us-gaap |
Derivative Fair Value Of Derivative Asset
DerivativeFairValueOfDerivativeAsset
|
8307000 | |
CY2019Q4 | irt |
Derivative Liabilities Carrying Value
DerivativeLiabilitiesCarryingValue
|
7769000 | |
CY2019Q4 | us-gaap |
Derivative Asset Fair Value Gross Liability
DerivativeAssetFairValueGrossLiability
|
7769000 | |
CY2019 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2017 | us-gaap |
Income Tax Expense Benefit
IncomeTaxExpenseBenefit
|
0 | |
CY2019 | irt |
Percentage Of Ordinary Taxable Income Distributed To Stockholders
PercentageOfOrdinaryTaxableIncomeDistributedToStockholders
|
0.90 | |
CY2019 | irt |
Dividends Characterized As Capital Gain Distribution Percentage
DividendsCharacterizedAsCapitalGainDistributionPercentage
|
0.69 | |
CY2019 | irt |
Dividends Characterized As Ordinary Income Percentage
DividendsCharacterizedAsOrdinaryIncomePercentage
|
0.16 | |
CY2019 | irt |
Dividends Characterized As Return Of Capital Percentage
DividendsCharacterizedAsReturnOfCapitalPercentage
|
0.15 | |
CY2018 | irt |
Dividends Characterized As Capital Gain Distribution Percentage
DividendsCharacterizedAsCapitalGainDistributionPercentage
|
0.37 | |
CY2018 | irt |
Dividends Characterized As Ordinary Income Percentage
DividendsCharacterizedAsOrdinaryIncomePercentage
|
0.39 | |
CY2018 | irt |
Dividends Characterized As Return Of Capital Percentage
DividendsCharacterizedAsReturnOfCapitalPercentage
|
0.24 | |
CY2017 | irt |
Dividends Characterized As Capital Gain Distribution Percentage
DividendsCharacterizedAsCapitalGainDistributionPercentage
|
0.53 | |
CY2017 | irt |
Dividends Characterized As Ordinary Income Percentage
DividendsCharacterizedAsOrdinaryIncomePercentage
|
0.36 | |
CY2017 | irt |
Dividends Characterized As Return Of Capital Percentage
DividendsCharacterizedAsReturnOfCapitalPercentage
|
0.11 | |
CY2019 | us-gaap |
Cumulative Effect On Retained Earnings Net Of Tax1
CumulativeEffectOnRetainedEarningsNetOfTax1
|
0 | |
CY2019Q4 | us-gaap |
Number Of Real Estate Properties
NumberOfRealEstateProperties
|
57 | |
CY2019Q4 | us-gaap |
Land
Land
|
234050000 | |
CY2018Q4 | us-gaap |
Land
Land
|
209111000 | |
CY2019Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
1453052000 | |
CY2018Q4 | us-gaap |
Buildings And Improvements Gross
BuildingsAndImprovementsGross
|
1384810000 | |
CY2019Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
109263000 | |
CY2018Q4 | us-gaap |
Fixtures And Equipment Gross
FixturesAndEquipmentGross
|
66502000 | |
CY2019Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1796365000 | |
CY2018Q4 | us-gaap |
Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
|
1660423000 | |
CY2019Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
158435000 | |
CY2019 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.51 | |
CY2019 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.51 | |
CY2018 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.30 | |
CY2018Q4 | us-gaap |
Real Estate Investment Property Accumulated Depreciation
RealEstateInvestmentPropertyAccumulatedDepreciation
|
112270000 | |
CY2019Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
1637930000 | |
CY2018Q4 | us-gaap |
Real Estate Investment Property Net
RealEstateInvestmentPropertyNet
|
1548153000 | |
CY2019Q4 | irt |
Number Of Units In Real Estate Property Acquired
NumberOfUnitsInRealEstatePropertyAcquired
|
806 | |
CY2019 | irt |
Payments To Acquire Real Estate Including Transaction Fees
PaymentsToAcquireRealEstateIncludingTransactionFees
|
128925000 | |
CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Property Plant And Equipment
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment
|
127908000 | |
CY2019Q4 | irt |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Receivable And Other Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsReceivableAndOtherAssets
|
170000 | |
CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Intangibles
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedIntangibles
|
1266000 | |
CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Assets
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAssets
|
129344000 | |
CY2019Q4 | irt |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Accounts Payable And Accrued Expenses
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedAccountsPayableAndAccruedExpenses
|
644000 | |
CY2019Q4 | irt |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities Other
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilitiesOther
|
312000 | |
CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Liabilities
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedLiabilities
|
956000 | |
CY2019Q4 | us-gaap |
Business Combination Recognized Identifiable Assets Acquired And Liabilities Assumed Net
BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedNet
|
128388000 | |
CY2019 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
249000 | |
CY2018Q4 | irt |
Number Of Units In Real Estate Property Acquired
NumberOfUnitsInRealEstatePropertyAcquired
|
2379 | |
CY2018 | irt |
Payments To Acquire Real Estate Including Transaction Fees
PaymentsToAcquireRealEstateIncludingTransactionFees
|
272948000 | |
CY2019 | irt |
Sale Price Of Real Estate Property
SalePriceOfRealEstateProperty
|
154500000 | |
CY2019 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
35197000 | |
CY2019 | irt |
Gains Losses On Sales Of Investment Real Estate Defeasance Costs
GainsLossesOnSalesOfInvestmentRealEstateDefeasanceCosts
|
7417000 | |
CY2018 | irt |
Sale Price Of Real Estate Property
SalePriceOfRealEstateProperty
|
77300000 | |
CY2018 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
10564000 | |
CY2018 | irt |
Gains Losses On Sales Of Investment Real Estate Defeasance Costs
GainsLossesOnSalesOfInvestmentRealEstateDefeasanceCosts
|
911000 | |
CY2017 | irt |
Sale Price Of Real Estate Property
SalePriceOfRealEstateProperty
|
86800000 | |
CY2017 | us-gaap |
Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
|
18910000 | |
CY2017 | irt |
Gains Losses On Sales Of Investment Real Estate Defeasance Costs
GainsLossesOnSalesOfInvestmentRealEstateDefeasanceCosts
|
4251000 | |
CY2019Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
991178000 | |
CY2019Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5606000 | |
CY2019Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
985572000 | |
CY2019Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.035 | |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Next Twelve Months
LongTermDebtMaturitiesRepaymentsOfPrincipalInNextTwelveMonths
|
8135000 | |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
|
76085000 | |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
|
70734000 | |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
|
293689000 | |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
|
372172000 | |
CY2019Q4 | us-gaap |
Long Term Debt Maturities Repayments Of Principal After Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalAfterYearFive
|
170363000 | |
CY2018Q4 | us-gaap |
Debt Instrument Carrying Amount
DebtInstrumentCarryingAmount
|
991415000 | |
CY2018Q4 | us-gaap |
Deferred Finance Costs Net
DeferredFinanceCostsNet
|
5927000 | |
CY2018Q4 | us-gaap |
Long Term Debt
LongTermDebt
|
985488000 | |
CY2018Q4 | us-gaap |
Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
|
0.039 | |
CY2017Q2 | us-gaap |
Gains Losses On Extinguishment Of Debt
GainsLossesOnExtinguishmentOfDebt
|
-572000 | |
CY2016Q2 | us-gaap |
Derivative Swaption Interest Rate
DerivativeSwaptionInterestRate
|
0.01145 | |
CY2017Q2 | us-gaap |
Derivative Swaption Interest Rate
DerivativeSwaptionInterestRate
|
0.011325 | |
CY2019 | irt |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net Of Mark To Market
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNetOfMarkToMarket
|
1139000 | |
CY2018 | irt |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net Of Mark To Market
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNetOfMarkToMarket
|
1372000 | |
CY2017 | irt |
Interest Rate Cash Flow Hedge Gain Loss Reclassified To Earnings Net Of Mark To Market
InterestRateCashFlowHedgeGainLossReclassifiedToEarningsNetOfMarkToMarket
|
-107000 | |
CY2017Q3 | irt |
At Market Sales Agreement Common Stock Par Value Per Share
AtMarketSalesAgreementCommonStockParValuePerShare
|
0.01 | |
CY2017Q3 | irt |
At Market Sales Agreement Maximum Offer Price Of Common Shares
AtMarketSalesAgreementMaximumOfferPriceOfCommonShares
|
150000000 | |
CY2017Q3 | irt |
At Market Sales Agreement Compensation To Sales Agents
AtMarketSalesAgreementCompensationToSalesAgents
|
0.020 | |
CY2017Q3 | irt |
At Market Sales Agreement Obligation To Sell Shares
AtMarketSalesAgreementObligationToSellShares
|
0 | |
CY2019Q4 | irt |
At Market Sales Agreement Remaining Offer Price Of Common Shares
AtMarketSalesAgreementRemainingOfferPriceOfCommonShares
|
93549000 | |
CY2019 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
9616 | |
CY2019Q4 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
871491 | |
CY2019Q4 | irt |
Operating Partnership Redemption Value
OperatingPartnershipRedemptionValue
|
12271000 | |
CY2019Q4 | us-gaap |
Share Price
SharePrice
|
14.08 | |
CY2018 | us-gaap |
Partners Capital Account Units Converted
PartnersCapitalAccountUnitsConverted
|
2130244 | |
CY2018Q4 | us-gaap |
Limited Partners Capital Account Units Outstanding
LimitedPartnersCapitalAccountUnitsOutstanding
|
881107 | |
CY2018Q4 | irt |
Operating Partnership Redemption Value
OperatingPartnershipRedemptionValue
|
8089000 | |
CY2018Q4 | us-gaap |
Share Price
SharePrice
|
9.18 | |
CY2016Q2 | us-gaap |
Common Stock Shares Authorized
CommonStockSharesAuthorized
|
4300000 | |
CY2016 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Expiration Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpirationDate
|
2026-05-12 | |
CY2019 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
3166000 | |
CY2018 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
2524000 | |
CY2017 | us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
1968000 | |
CY2019Q4 | us-gaap |
Share Price
SharePrice
|
14.08 | |
CY2019 | irt |
Share Based Compensation Arrangement By Share Based Payment Award Performance Stock Units Vesting Percentage Upon Satisfaction On Performance Criteria
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceStockUnitsVestingPercentageUponSatisfactionOnPerformanceCriteria
|
0.50 | |
CY2019 | irt |
Share Based Compensation Arrangement By Share Based Payment Award Performance Stock Units Vesting Percentage Subject To Continues Service
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerformanceStockUnitsVestingPercentageSubjectToContinuesService
|
0.50 | |
CY2019 | us-gaap |
Profit Loss
ProfitLoss
|
46354000 | |
CY2018 | us-gaap |
Profit Loss
ProfitLoss
|
26610000 | |
CY2017 | us-gaap |
Profit Loss
ProfitLoss
|
31441000 | |
CY2019 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
458000 | |
CY2018 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
322000 | |
CY2017 | us-gaap |
Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
|
1235000 | |
CY2019 | us-gaap |
Net Income Loss
NetIncomeLoss
|
45896000 | |
CY2018 | us-gaap |
Net Income Loss
NetIncomeLoss
|
26288000 | |
CY2017 | us-gaap |
Net Income Loss
NetIncomeLoss
|
30206000 | |
CY2019 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
89799238 | |
CY2018 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
87086585 | |
CY2017 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
73338219 | |
CY2019 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
618249 | |
CY2018 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
290406 | |
CY2017 | us-gaap |
Weighted Average Number Diluted Shares Outstanding Adjustment
WeightedAverageNumberDilutedSharesOutstandingAdjustment
|
261650 | |
CY2019 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
90417486 | |
CY2018 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
87376991 | |
CY2017 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
73599869 | |
CY2018 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.30 | |
CY2017 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.41 | |
CY2017 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.41 | |
CY2019 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
871491 | |
CY2018 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
881107 | |
CY2017 | us-gaap |
Antidilutive Securities Excluded From Computation Of Earnings Per Share Amount
AntidilutiveSecuritiesExcludedFromComputationOfEarningsPerShareAmount
|
3011351 | |
CY2019Q1 | us-gaap |
Revenues
Revenues
|
49540000 | |
CY2019Q2 | us-gaap |
Revenues
Revenues
|
50956000 | |
CY2019Q3 | us-gaap |
Revenues
Revenues
|
51299000 | |
CY2019Q4 | us-gaap |
Revenues
Revenues
|
51428000 | |
CY2019Q1 | us-gaap |
Profit Loss
ProfitLoss
|
2566000 | |
CY2019Q2 | us-gaap |
Profit Loss
ProfitLoss
|
14856000 | |
CY2019Q3 | us-gaap |
Profit Loss
ProfitLoss
|
4912000 | |
CY2019Q4 | us-gaap |
Profit Loss
ProfitLoss
|
24020000 | |
CY2019Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
2540000 | |
CY2019Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14709000 | |
CY2019Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4863000 | |
CY2019Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
23784000 | |
CY2019Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.03 | |
CY2019Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.16 | |
CY2019Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
CY2019Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
CY2019Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.03 | |
CY2019Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.16 | |
CY2019Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
CY2019Q4 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
CY2018Q1 | us-gaap |
Revenues
Revenues
|
45755000 | |
CY2018Q2 | us-gaap |
Revenues
Revenues
|
46889000 | |
CY2018Q3 | us-gaap |
Revenues
Revenues
|
48779000 | |
CY2018Q4 | us-gaap |
Revenues
Revenues
|
49809000 | |
CY2018Q1 | us-gaap |
Profit Loss
ProfitLoss
|
3500000 | |
CY2018Q2 | us-gaap |
Profit Loss
ProfitLoss
|
3545000 | |
CY2018Q3 | us-gaap |
Profit Loss
ProfitLoss
|
4836000 | |
CY2018Q4 | us-gaap |
Profit Loss
ProfitLoss
|
14729000 | |
CY2018Q1 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3412000 | |
CY2018Q2 | us-gaap |
Net Income Loss
NetIncomeLoss
|
3509000 | |
CY2018Q3 | us-gaap |
Net Income Loss
NetIncomeLoss
|
4787000 | |
CY2018Q4 | us-gaap |
Net Income Loss
NetIncomeLoss
|
14580000 | |
CY2018Q1 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2018Q2 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.04 | |
CY2018Q3 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.05 | |
CY2018Q4 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.16 | |
CY2018Q1 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2018Q2 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.04 | |
CY2018Q3 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.05 | |
CY2019 | us-gaap |
Number Of Operating Segments
NumberOfOperatingSegments
|
1 | |
CY2019 | us-gaap |
Number Of Reportable Segments
NumberOfReportableSegments
|
1 | |
CY2017Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1504156000 | |
CY2018Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
120202000 | |
CY2017Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
84097000 | |
CY2016Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
60719000 | |
CY2019 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
50955000 | |
CY2018 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
41652000 | |
CY2017 | us-gaap |
Sec Schedule Iii Real Estate Accumulated Depreciation Depreciation Expense
SECScheduleIIIRealEstateAccumulatedDepreciationDepreciationExpense
|
32586000 | |
CY2019 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
11781000 | |
CY2018 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
5139000 | |
CY2019 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
45623000 | |
CY2018 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
41587000 | |
CY2017 | us-gaap |
Real Estate Improvements
RealEstateImprovements
|
14368000 | |
CY2019 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
121865000 | |
CY2018 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
69915000 | |
CY2017 | us-gaap |
Real Estate Cost Of Real Estate Sold
RealEstateCostOfRealEstateSold
|
70633000 | |
CY2019 | us-gaap |
Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
|
941000 | |
CY2018 | us-gaap |
Sec Schedule Iii Real Estate Writedown Or Reserve Amount
SECScheduleIIIRealEstateWritedownOrReserveAmount
|
408000 | |
CY2019Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1796365000 | |
CY2018Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1745640000 | |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
495000 | |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
369000 | |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
375000 | |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
382000 | |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
388000 | |
CY2019Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
2029000 | |
CY2018Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1745640000 | |
CY2017Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1504156000 | |
CY2016Q4 | us-gaap |
Real Estate Gross At Carrying Value
RealEstateGrossAtCarryingValue
|
1319350000 | |
CY2019 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
127908000 | |
CY2018 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
270220000 | |
CY2017 | us-gaap |
Real Estate Other Acquisitions
RealEstateOtherAcquisitions
|
241071000 | |
CY2017 | us-gaap |
Real Estate Accumulated Depreciation Real Estate Sold
RealEstateAccumulatedDepreciationRealEstateSold
|
9208000 | |
CY2019 | irt |
Sec Schedule Iii Real Estate Accumulated Depreciation Write Offs
SECScheduleIIIRealEstateAccumulatedDepreciationWriteOffs
|
941000 | |
CY2018 | irt |
Sec Schedule Iii Real Estate Accumulated Depreciation Write Offs
SECScheduleIIIRealEstateAccumulatedDepreciationWriteOffs
|
408000 | |
CY2019Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
158435000 | |
CY2018Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
120202000 | |
CY2017Q4 | us-gaap |
Real Estate Accumulated Depreciation
RealEstateAccumulatedDepreciation
|
84097000 |