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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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MAANon Same Store And Other — Operating Expenses
$17.29M+12.0%
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MAASame Store — Operating Expenses
$188.28M+1.3%
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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$3.84B-28.5%

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 official record: Independence Realty Trust’s 10-Q, filed April 30, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

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.