Independence Realty Inc $IRT

Real Estate

$15.17
+0.35 (+2.36%)
As of Oct 22, 2026, 9:32 PM EDT · cached
Price history
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Independence Realty Inc (IRT) is trading up at $15.17 (+2.36%), as of the latest quote. It is a Russell 2000 constituent in the Real Estate sector.

Independence Realty Inc revenue & net income history (FY2016–FY2025)

RevenueNet incomeNet margin (right axis, %)
$661.0M$321.9M−$17.2MFY2016 revenue: $153.4MFY2016 net income: −$9.80M · Net margin −6.4%'16FY2017 revenue: $161.2MFY2017 net income: $30.2M · Net margin 18.7%'17FY2018 revenue: $191.2MFY2018 net income: $26.3M · Net margin 13.7%'18FY2019 revenue: $203.2MFY2019 net income: $45.9M · Net margin 22.6%'19FY2020 revenue: $211.9MFY2020 net income: $14.8M · Net margin 7.0%'20FY2021 revenue: $250.3MFY2021 net income: $44.6M · Net margin 17.8%'21FY2022 revenue: $628.5MFY2022 net income: $117.2M · Net margin 18.7%'22FY2023 revenue: $661.0MFY2023 net income: −$17.2M · Net margin −2.6%'23FY2024 revenue: $640.0MFY2024 net income: $39.3M · Net margin 6.1%'24FY2025 revenue: $657.7MFY2025 net income: $56.6M · Net margin 8.6%'250%20%40%60%FY2016 net margin: −6.4% (off the scale, which stops at −1.6%)FY2017 net margin: 18.7%FY2018 net margin: 13.7%FY2019 net margin: 22.6%FY2020 net margin: 7.0%FY2021 net margin: 17.8%FY2022 net margin: 18.7%FY2023 net margin: −2.6% (off the scale, which stops at −1.6%)FY2024 net margin: 6.1%FY2025 net margin: 8.6%
Independence Realty Inc annual financial statements
FY2016Dec 2016FY2017Dec 2017FY2018Dec 2018FY2019Dec 2019FY2020Dec 2020FY2021Dec 2021FY2022Dec 2022FY2023Dec 2023FY2024Dec 2024FY2025Dec 2025
Income statement
Revenue$153.4M$161.2M$191.2M$203.2M$211.9M$250.3M$628.5M$661.0M$640.0M$657.7M
Growth (year over year)+40.0%+5.1%+18.6%+6.3%+4.3%+18.1%+151.2%+5.2%−3.2%+2.8%
Gross profit$148.5M$155.2M$184.3M$195.5M——————
Gross margin96.8%96.3%96.4%96.2%——————
Operating income$39.7M$45.4M$51.8M———————
Operating margin25.9%28.2%27.1%———————
Net income−$9.80M$30.2M$26.3M$45.9M$14.8M$44.6M$117.2M−$17.2M$39.3M$56.6M
Net margin−6.4%18.7%13.7%22.6%7.0%17.8%18.7%−2.6%6.1%8.6%
EPS (diluted)−$0.19$0.41$0.30$0.51$0.16$0.41$0.53−$0.08$0.17$0.24
Balance sheet
Cash and equivalents$20.9M$9.32M$9.32M$9.89M$8.75M$36.0M$16.1M$22.9M$21.2M$23.6M
Total assets$1.29B$1.45B$1.66B$1.66B$1.73B$6.51B$6.53B$6.28B$6.06B$6.02B
Total liabilities$765.5M$804.5M$1.03B$1.04B$1.02B$2.86B$2.79B$2.71B$2.48B$2.43B
Long-term debt$743.8M$778.4M$985.5M$985.6M$945.7M$2.71B$2.63B$2.55B$2.33B$2.28B
Shareholders' equity$506.8M$624.1M$623.0M$613.3M$708.1M$3.48B$3.60B$3.43B$3.44B$3.46B
Cash flow
Operating cash flow−$7.53M$54.3M$68.5M$75.0M$75.0M$52.3M$249.5M$262.2M$259.8M$282.1M
Capital expenditure$10.7M$14.4M$599.0K$249.0K$84.0K$177.0K————
Free cash flow−$18.2M$40.0M$67.9M$74.8M$74.9M$52.1M————
Dividends paid$36.6M$52.3M$52.5M$64.7M$56.1M$49.8M$105.8M$134.9M$144.0M$154.4M
Share buybacks$62.2M——————$0$0$30.0M

From Independence Realty Inc's 10-K and 10-Q filings with the SEC; its fiscal year ends in December. Each period shows the latest figure the company has reported for it, including restatements. Net margin is our own calculation from those reported figures (net income ÷ revenue); it is left blank where revenue is zero or missing. † Quarter derived from the company's year-to-date or full-year totals. Filings on SEC EDGAR →

About Independence Realty Inc

Headquarters
Philadelphia, Pennsylvania From SEC filings, Oct 2026

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