IRT: Independence Realty Trust Inc Financial Statements
Balance sheet, income statement, and cash flow statements for Independence Realty Trust Inc (IRT).
$4.47B Market Cap.
IRT Market Cap. (MRY)
IRT Shares Outstanding (MRY)
IRT Assets (MRY)
Total Assets
$6.06B
Total Liabilities
$2.48B
Total Investments
$121.28M
IRT Income (MRY)
Revenue
$640.03M
Net Income
$39.29M
Operating Expense
$249.03M
IRT Cash Flow (MRY)
CF Operations
$259.75M
CF Investing
-$20.61M
CF Financing
-$246.43M
IRT Balance Sheet (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Total Assets | $6,057,919,000 (-3.54%) | $6,280,175,000 (-3.86%) | $6,532,095,000 (0.39%) | $6,506,696,000 (275.05%) |
Assets Current | - | - | - | - |
Assets Non-Current | - | - | - | - |
Goodwill & Intangible Assets | $3,644,000 (5421.21%) | $66,000 (-83.46%) | $399,000 (-99.25%) | $53,269,000 (6625.88%) |
Shareholders Equity | $3,442,275,000 (0.32%) | $3,431,297,000 (-4.60%) | $3,596,664,000 (3.33%) | $3,480,761,000 (391.59%) |
Property Plant & Equipment Net | $5,849,952,000 (-3.64%) | $6,071,151,000 (-4.11%) | $6,331,504,000 (0.15%) | $6,322,217,000 (270.12%) |
Cash & Equivalents | $43,452,000 (-14.35%) | $50,732,000 (15.26%) | $44,017,000 (-32.97%) | $65,671,000 (382.34%) |
Accumulated Other Comprehensive Income | $26,065,000 (2.16%) | $25,513,000 (-27.32%) | $35,102,000 (393.99%) | -$11,940,000 (64.70%) |
Deferred Revenue | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Investments | $121,275,000 (1.93%) | $118,981,000 (-1.94%) | $121,329,000 (341.41%) | $27,487,000 (0%) |
Investments Current | - | - | - | - |
Investments Non-Current | - | - | - | - |
Inventory | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Receivables | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Trade & Non-Trade Payables | $94,670,000 (-13.21%) | $109,074,000 (-0.55%) | $109,677,000 (3.15%) | $106,332,000 (318.37%) |
Accumulated Retained Earnings (Deficit) | -$454,104,000 (-30.34%) | -$348,405,000 (-81.71%) | -$191,735,000 (-1.76%) | -$188,410,000 (-5.40%) |
Tax Assets | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Tax Liabilities | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Total Debt | $2,333,683,000 (-8.46%) | $2,549,409,000 (-3.12%) | $2,631,645,000 (-2.72%) | $2,705,336,000 (186.07%) |
Debt Current | - | - | - | - |
Debt Non-Current | - | - | - | - |
Total Liabilities | $2,482,845,000 (-8.48%) | $2,712,981,000 (-2.91%) | $2,794,228,000 (-2.46%) | $2,864,620,000 (180.26%) |
Liabilities Current | - | - | - | - |
Liabilities Non-Current | - | - | - | - |
IRT Income Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Revenues | $640,035,000 (-3.17%) | $660,983,000 (5.16%) | $628,525,000 (151.16%) | $250,252,000 (18.10%) |
Cost of Revenue | $265,511,000 (-2.17%) | $271,411,000 (5.89%) | $256,308,000 (149.35%) | $102,791,000 (12.37%) |
Selling General & Administrative Expense | $24,245,000 (6.50%) | $22,766,000 (-13.31%) | $26,260,000 (41.11%) | $18,610,000 (23.29%) |
Research & Development Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Operating Expenses | $249,034,000 (1.29%) | $245,872,000 (-10.83%) | $275,748,000 (92.91%) | $142,941,000 (86.55%) |
Interest Expense | $76,141,000 (-15.32%) | $89,921,000 (3.41%) | $86,955,000 (138.88%) | $36,401,000 (-0.24%) |
Income Tax Expense | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Loss Income from Discontinued Operations | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Consolidated Income | $40,033,000 (324.82%) | -$17,807,000 (-114.76%) | $120,659,000 (165.02%) | $45,529,000 (206.04%) |
Net Income to Non-Controlling Interests | $742,000 (227.93%) | -$580,000 (-117.01%) | $3,410,000 (262.77%) | $940,000 (762.39%) |
Net Income | $39,291,000 (328.08%) | -$17,227,000 (-114.69%) | $117,249,000 (162.95%) | $44,589,000 (201.93%) |
Preferred Dividends Income Statement Impact | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Net Income Common Stock | $39,291,000 (328.08%) | -$17,227,000 (-114.69%) | $117,249,000 (162.95%) | $44,589,000 (201.93%) |
Weighted Average Shares | $224,798,958 (0.17%) | $224,414,443 (1.10%) | $221,965,460 (104.48%) | $108,552,185 (15.90%) |
Weighted Average Shares Diluted | $225,584,306 (0.52%) | $224,414,443 (0.58%) | $223,119,937 (103.15%) | $109,831,520 (15.99%) |
Earning Before Interest & Taxes (EBIT) | $115,432,000 (58.79%) | $72,694,000 (-64.40%) | $204,204,000 (152.13%) | $80,990,000 (58.01%) |
Gross Profit | $374,524,000 (-3.86%) | $389,572,000 (4.66%) | $372,217,000 (152.42%) | $147,461,000 (22.44%) |
Operating Income | $125,490,000 (-12.67%) | $143,700,000 (48.96%) | $96,469,000 (2034.27%) | $4,520,000 (-89.68%) |
IRT Cash Flow Statement (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Net Cash Flow from Investing | -$20,605,000 (-1103.56%) | -$1,712,000 (98.74%) | -$135,766,000 (37.18%) | -$216,124,000 (-73.54%) |
Net Cash Flow from Financing | -$246,428,000 (2.88%) | -$253,743,000 (-87.37%) | -$135,425,000 (-162.72%) | $215,923,000 (342.80%) |
Net Cash Flow from Operations | $259,753,000 (-0.92%) | $262,170,000 (5.06%) | $249,537,000 (377.52%) | $52,257,000 (-30.29%) |
Net Cash Flow / Change in Cash & Cash Equivalents | -$7,280,000 (-208.41%) | $6,715,000 (131.01%) | -$21,654,000 (-141.60%) | $52,056,000 (6463.81%) |
Net Cash Flow - Business Acquisitions and Disposals | -$2,584,000 (89.17%) | -$23,858,000 (58.43%) | -$57,390,000 (72.82%) | -$211,121,000 (0%) |
Net Cash Flow - Investment Acquisitions and Disposals | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Capital Expenditure | $215,820,000 (1103.21%) | $17,937,000 (-83.36%) | $107,821,000 (-19.84%) | $134,513,000 (548.63%) |
Issuance (Repayment) of Debt Securities | -$205,457,000 (-86.68%) | -$110,061,000 (-62.18%) | -$67,865,000 (-104.67%) | -$33,159,000 (19.68%) |
Issuance (Purchase) of Equity Shares | $111,304,000 (26538.00%) | -$421,000 (-100.87%) | $48,651,000 (-84.65%) | $317,024,000 (113.90%) |
Payment of Dividends & Other Cash Distributions | -$144,021,000 (-6.78%) | -$134,872,000 (-27.44%) | -$105,829,000 (-112.37%) | -$49,832,000 (11.25%) |
Effect of Exchange Rate Changes on Cash | $0 (0%) | $0 (0%) | $0 (0%) | $0 (0%) |
Share Based Compensation | $7,077,000 (-7.59%) | $7,658,000 (-2.98%) | $7,893,000 (9.22%) | $7,227,000 (29.89%) |
Depreciation Amortization & Accretion | $220,854,000 (0.86%) | $218,968,000 (-13.40%) | $252,849,000 (228.76%) | $76,909,000 (26.73%) |
IRT Financial Metrics (MRY)
Metric | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|
Gross Margin | 58.50% (-0.68%) | 58.90% (-0.51%) | 59.20% (0.51%) | 58.90% (3.70%) |
Profit Margin | 6.10% (334.62%) | -2.60% (-113.90%) | 18.70% (5.06%) | 17.80% (154.29%) |
EBITDA Margin | 52.50% (19.05%) | 44.10% (-39.34%) | 72.70% (15.21%) | 63.10% (19.51%) |
Return on Average Equity (ROAE) | 1.20% (340.00%) | -0.50% (-115.15%) | 3.30% (57.14%) | 2.10% (-8.70%) |
Return on Average Assets (ROAA) | 0.70% (333.33%) | -0.30% (-116.67%) | 1.80% (63.64%) | 1.10% (22.22%) |
Return on Sales (ROS) | 18.00% (63.64%) | 11.00% (-66.15%) | 32.50% (0.31%) | 32.40% (33.88%) |
Return on Invested Capital (ROIC) | 1.40% (75.00%) | 0.80% (-65.22%) | 2.30% (64.29%) | 1.40% (-26.32%) |
Dividend Yield | 3.20% (-21.95%) | 4.10% (28.13%) | 3.20% (45.45%) | 2.20% (-45.00%) |
Price to Earnings Ratio (P/E) | 116.71 (161.02%) | -191.25 (-701.21%) | 31.81 (-49.51%) | 63 (-24.94%) |
Price to Sales Ratio (P/S) | 6.97 (34.13%) | 5.2 (-12.75%) | 5.95 (-46.86%) | 11.2 (88.75%) |
Price to Book Ratio (P/B) | 1.3 (29.44%) | 1 (-4.57%) | 1.05 (34.62%) | 0.78 (-56.64%) |
Debt to Equity Ratio (D/E) | 0.72 (-8.85%) | 0.79 (1.80%) | 0.78 (-5.59%) | 0.82 (-43.01%) |
Earnings Per Share (EPS) | 0.17 (312.50%) | -0.08 (-115.09%) | 0.53 (29.27%) | 0.41 (156.25%) |
Sales Per Share (SPS) | 2.85 (-3.33%) | 2.94 (3.99%) | 2.83 (22.86%) | 2.31 (1.86%) |
Free Cash Flow Per Share (FCFPS) | 2.12 (69.55%) | 1.25 (-22.48%) | 1.61 (-6.45%) | 1.72 (68.40%) |
Book Value Per Share (BVPS) | 15.31 (0.15%) | 15.29 (-5.64%) | 16.2 (-49.47%) | 32.06 (324.14%) |
Tangible Assets Book Value Per Share (TABVPS) | 26.93 (-3.76%) | 27.98 (-4.90%) | 29.43 (-50.50%) | 59.45 (221.09%) |
Enterprise Value Over EBIT (EV/EBIT) | 58 (-30.95%) | 84 (170.97%) | 31 (-32.61%) | 46 (4.55%) |
Enterprise Value Over EBITDA (EV/EBITDA) | 19.94 (-4.75%) | 20.93 (48.73%) | 14.07 (-40.25%) | 23.55 (16.62%) |
Asset Turnover | 0.11 (4.90%) | 0.1 (5.15%) | 0.1 (61.67%) | 0.06 (-51.22%) |
Current Ratio | - | - | - | - |
Dividends | $0.64 (3.23%) | $0.62 (14.81%) | $0.54 (-6.74%) | $0.58 (7.22%) |
Free Cash Flow (FCF) | $475,573,000 (69.78%) | $280,107,000 (-21.62%) | $357,358,000 (91.34%) | $186,770,000 (95.17%) |
Enterprise Value (EV) | $6,704,383,337 (9.82%) | $6,104,794,547 (-5.09%) | $6,431,937,435 (72.95%) | $3,718,912,488 (64.49%) |
Earnings Before Tax (EBT) | $39,291,000 (328.08%) | -$17,227,000 (-114.69%) | $117,249,000 (162.95%) | $44,589,000 (201.93%) |
Earnings Before Interest Taxes & Depreciation Amortization (EBITDA) | $336,286,000 (15.30%) | $291,662,000 (-36.19%) | $457,053,000 (189.46%) | $157,899,000 (41.05%) |
Invested Capital | $8,344,506,000 (-4.95%) | $8,778,786,000 (-3.73%) | $9,119,324,000 (0.29%) | $9,093,092,000 (241.05%) |
Working Capital | - | - | - | - |
Tangible Asset Value | $6,054,275,000 (-3.60%) | $6,280,109,000 (-3.85%) | $6,531,696,000 (1.21%) | $6,453,427,000 (272.15%) |
Market Capitalization | $4,465,932,337 (29.90%) | $3,438,072,547 (-9.00%) | $3,777,894,435 (39.15%) | $2,715,041,488 (113.16%) |
Average Equity | $3,404,944,500 (-3.28%) | $3,520,514,000 (-1.40%) | $3,570,631,750 (69.00%) | $2,112,774,750 (231.91%) |
Average Assets | $5,979,808,000 (-7.54%) | $6,467,278,000 (-0.27%) | $6,484,896,000 (55.00%) | $4,183,856,250 (142.49%) |
Invested Capital Average | $8,220,867,750 (-9.25%) | $9,059,068,000 (0.22%) | $9,039,370,250 (50.95%) | $5,988,371,000 (121.84%) |
Shares | 225,097,396 (0.17%) | 224,710,624 (0.28%) | 224,074,403 (113.18%) | 105,111,943 (10.83%) |
