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Independence Realty Trust IRT Nonsame Store — Operating Lease Lease Income

Similar metrics at other companies

Equity Residential logo
EQRNon Same Store — Operating Lease Lease Income
$32M+206%
Equity Residential logo
EQRSame Store — Operating Lease Lease Income
$746.48M+2.2%
Vornado Realty logo
VNOLease revenues — Operating Lease, Lease Income
$382.49M-1.7%
Equity Residential logo
EQRNon Same Store — Net Operating Income Loss From Rental Real Estate
$18.83M+255%
UDR logo
UDRSame Communities — Operating Lease Lease Income
$128.79M+2.5%
AvalonBay Communities logo
AVBSame Store — Rental and other income
$709.12M+1.5%

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 / equity0×0.0×

Where this comes from

Reported directly by Independence Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:OperatingLeaseLeaseIncome.

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 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.