Independence Realty Trust IRT Same Store — Contract Service Expense

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Questions, answered.

What is Independence Realty Trust's same store — contract service expense?

Independence Realty Trust (IRT) reported same store — contract service expense of $6.16M in Q1 2026.

How has Independence Realty Trust's same store — contract service expense changed year-over-year?

Independence Realty Trust's same store — contract service expense increased by 6.4% year-over-year, from $5.79M to $6.16M.

What is the long-term trend for Independence Realty Trust's same store — contract service expense?

Over 2 years (2023 to 2025), Independence Realty Trust's same store — contract service expense has grown at a 3.7% compound annual growth rate (CAGR), from $21.58M to $23.22M.

What does same store — contract service expense mean?

This covers payments to third-party vendors for specialized services such as landscaping, cleaning, and security at the stabilized properties. It reflects the company's reliance on external service providers versus internal staffing for property maintenance.