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Independence Realty Trust IRT Payments To Develop Real Estate Assets

Payments To Develop Real Estate Assets at other companies

Equity Residential logo
Equity ResidentialEQR
$23.67M-23.6%
Camden Property Trust logo
Camden Property TrustCPT
$94.02M+19.9%
Transcontinental Realty Investors logo
Transcontinental Realty InvestorsTCI
$6.92M-74.3%
AvalonBay Communities logo
AvalonBay CommunitiesAVB
$336.82M+41.9%
BRT Apartments logo
BRT ApartmentsBRT
$1.36M-36.7%
NexPoint Residential Trust logo
NexPoint Residential TrustNXRT
$9.06M-7.6%

Other financials

Income statement

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Revenue$165.3M+2.5%
Net income-$127.0K-101%
EPS (diluted)$0.00+100%

Balance sheet

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Cash & equivalents$23.3M-19.7%
Total debt$2.9M+28.3%
Total equity$3.4B-1.8%
Total assets$6.1B+1.9%

Cash flow

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Operating cash flow$55.3M-8.4%
CapEx$1.6M-50.4%
Free cash flow$69.0M+11.6%

Valuation

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Market cap$4B+0.2%
Enterprise value$3.98B+0.2%
P/E81.6×-60.7×
P/S6.1×-0.1×

Profitability

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Gross margin96.1%—
Operating margin26.9%—
Net margin7.4%+2.7pp
FCF margin42%+3.3pp

Returns & leverage

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Return on equity1.4%+0.6pp
Debt / equity0×0.0×

Where this comes from

Reported directly by Independence Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:PaymentsToDevelopRealEstateAssets.

The source filing: Independence Realty Trust’s 10-Q, filed April 30, 2026.

Filed
Apr 30, 2026, 4:31 PM EDT
Fiscal quarter
Q1 FY2026
Calendar quarter
Q1 2026
Accession
0001437749-26-014234
Line itemFor the Three Months Ended / March 31, 2026For the Three Months Ended / March 31, 2025
Investments in unconsolidated real estate entities(11,627)(10,255)
Proceeds from dispositions of real estate properties, net—109,203
Capital expenditures(23,612)(21,451)
Real estate development expenditures(1,890)(7,120)
Proceeds from insurance claims474324
Cash flow (used in) provided by investing activities(65,953)10,441
Cash flows from financing activities:
Proceeds from issuance of common stock, net—50,012

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FAQ

What is Independence Realty Trust's payments to develop real estate assets?
Independence Realty Trust (IRT) reported payments to develop real estate assets of $1.89M in Q1 2026.
How has Independence Realty Trust's payments to develop real estate assets changed year-over-year?
Independence Realty Trust's payments to develop real estate assets decreased by 73.5% year-over-year, from $7.12M to $1.89M.
What does payments to develop real estate assets mean?
Represents cash outflows dedicated to the construction, expansion, or significant improvement of real estate properties. This metric reflects the company's commitment to enhancing its asset base and increasing future rental income potential through development projects.

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