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TRCMultifamily — Multifamily expenses
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Other financials

Income statement

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Revenue$65.1M-3.0%
Gross profit$62.7M-3.0%
Operating income-$5.4M-214%
Net income-$15.0M-301%
EPS (diluted)-$0.77-250%

Balance sheet

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Cash & equivalents$10.3M-43.2%
Total debt$1.1B+0.7%
Total equity$695.0M+9.1%
Total assets$1.9B-0.3%

Cash flow

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Operating cash flow$21.4M-15.8%
CapEx$5.3M+5.4%
Free cash flow$16.1M-21.0%

Valuation

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Market cap$0-11.0%

Profitability

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Gross margin96.5%0.0pp
Operating margin28.5%+21.7pp
Net margin11.1%
FCF margin22.1%-0.4pp

Returns & leverage

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Return on equity4.3%
Debt / equity1.5×-0.1×

Where this comes from

Reported directly by iREIT MarketVector Quality REIT Index in its filing.

Tagged under the XBRL concept csr:UtilitiesExpense.

The official record: iREIT MarketVector Quality REIT Index’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is iREIT MarketVector Quality REIT Index's multifamily — utilities?
iREIT MarketVector Quality REIT Index (IRET) reported multifamily — utilities of $4.47M in Q1 2026.
How has iREIT MarketVector Quality REIT Index's multifamily — utilities changed year-over-year?
iREIT MarketVector Quality REIT Index's multifamily — utilities increased by 8.1% year-over-year, from $4.13M to $4.47M.
What is the long-term trend for iREIT MarketVector Quality REIT Index's multifamily — utilities?
Over 3 years (2022 to 2025), iREIT MarketVector Quality REIT Index's multifamily — utilities has grown at a -2.2% compound annual growth rate (CAGR), from $15.85M to $14.84M.
What does multifamily — utilities mean?
This includes the costs for essential services such as water, sewer, electricity, and gas provided to common areas or units where the landlord is responsible for payment. It serves as a key operational expense that can fluctuate based on utility rates and energy efficiency initiatives. Controlling these costs is vital for protecting property-level margins.