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Reported July 29, 2024 · Before market open

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Financials

Q2 2024

Income statement

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Revenue$65.0M+0.4%
Gross profit$62.8M+0.5%
Operating income$7.2M+20.5%
Net income-$1.3M+30.4%
EPS (diluted)-$0.19+17.4%

Balance sheet

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Cash & equivalents$15.4M+49.5%
Total debt$1.0B+13.8%
Total equity$680.7M-7.8%
Total assets$1.9B-1.1%

Cash flow

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Operating cash flow$22.9M-3.8%
CapEx$13.8M-0.4%
Free cash flow$9.1M-8.4%

Valuation & ratios

Valuation

as of 05/01/24
See full
Market cap$1.01B+9.9%
Enterprise value$2.01B+11.6%
P/S3.9×+0.5×

Profitability

See full
Gross margin96.5%+0.1pp
Operating margin11.1%-19.9pp
FCF margin31.3%-3.3pp

Returns & leverage

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Debt / equity1.5×+0.3×

Segments

By segment

See full
Multifamily$57.8M-4.5%

Versus estimates

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Questions, answered.

When did iREIT MarketVector Quality REIT Index report Q2 2024 earnings?
iREIT MarketVector Quality REIT Index (IRET) reported Q2 2024 earnings on July 29, 2024 before market open.
What were iREIT MarketVector Quality REIT Index's Q2 2024 revenue and EPS?
iREIT MarketVector Quality REIT Index reported revenue of $65.0M and diluted EPS of $-0.09 for Q2 2024.
Where can I find iREIT MarketVector Quality REIT Index's Q2 2024 SEC filings?
You can read the 10-Q periodic report (0000798359-24-000100) directly on SEC EDGAR. The filing index links above go to sec.gov.