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Independence Realty Trust IRT Nonsame Store — Operating Expenses

Other segment segments

Same Store
$57.84M+2.0%

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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×

Where this comes from

Reported directly by Independence Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:OperatingExpenses.

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
Other property operating expenses (2)1,5901,623
Total same-store operating expenses57,83956,704
Non same-store
Total non same-store operating expenses4,2852,559
Total reportable segments operating expenses62,12459,263
Net Operating Income:
Same-store NOI98,25697,300
Non same-store NOI4,8334,342

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FAQ

What is Independence Realty Trust's nonsame store — operating expenses?
Independence Realty Trust (IRT) reported nonsame store — operating expenses of $4.29M in Q1 2026.
How has Independence Realty Trust's nonsame store — operating expenses changed year-over-year?
Independence Realty Trust's nonsame store — operating expenses increased by 67.4% year-over-year, from $2.56M to $4.29M.
What is the long-term trend for Independence Realty Trust's nonsame store — operating expenses?
Over 2 years (2023 to 2025), Independence Realty Trust's nonsame store — operating expenses has grown at a -14.4% compound annual growth rate (CAGR), from $28.63M to $21M.
What does nonsame store — operating expenses mean?
This metric captures the total operating costs associated with managing and maintaining multifamily properties that fall outside the same-store portfolio. These expenses include property management, maintenance, utilities, and taxes for assets undergoing transition or integration. Tracking these costs is essential for evaluating the operational efficiency of newly acquired or repositioned assets.

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