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Independence Realty Trust IRT Nonsame Store — Operating Lease Lease Income

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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:OperatingLeaseLeaseIncome.

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
Revenue:
Same-store (1) rental and other property revenue$156,095$154,004
Non same-store (1) rental and other property revenue9,1186,901
Total reportable segments revenue165,213160,905
Other income109338
Total consolidated revenue165,322161,243
Operating Expenses:
Same-store

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FAQ

What is Independence Realty Trust's nonsame store — operating lease lease income?
Independence Realty Trust (IRT) reported nonsame store — operating lease lease income of $9.12M in Q1 2026.
How has Independence Realty Trust's nonsame store — operating lease lease income changed year-over-year?
Independence Realty Trust's nonsame store — operating lease lease income increased by 32.1% year-over-year, from $6.9M to $9.12M.
What does nonsame store — operating lease lease income mean?
This metric represents the total rental income generated by multifamily properties that are not included in the same-store pool, typically due to recent acquisitions, dispositions, or significant renovations. It reflects the revenue contribution from the non-stabilized portion of the real estate portfolio. Monitoring this helps investors assess the impact of external growth strategies and capital deployment on top-line performance.

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