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Independence Realty Trust IRT Same Store — Operating Income

Other segment segments

Nonsame Store
$4.83M+11.3%

Similar metrics at other companies

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MAASame Store — Operating Income Before Depreciation
$328.7M-1.3%
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EQRSame Store — Net Operating Income Loss From Rental Real Estate
$497.92M+1.4%
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MAASame Store — Other Operating Income Expense Net
$378K+49.4%
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EQRNon Same Store — Net Operating Income Loss From Rental Real Estate
$18.83M+255%
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MAANon Same Store And Other — Operating Income Before Depreciation
$19.46M+29.5%
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AVBSame Store — Total NOI
$485.88M0.0%

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:OperatingIncomeLoss.

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 same store — operating income?
Independence Realty Trust (IRT) reported same store — operating income of $98.26M in Q1 2026.
How has Independence Realty Trust's same store — operating income changed year-over-year?
Independence Realty Trust's same store — operating income increased by 1.0% year-over-year, from $97.3M to $98.26M.
What is the long-term trend for Independence Realty Trust's same store — operating income?
Over 2 years (2023 to 2025), Independence Realty Trust's same store — operating income has grown at a 2.0% compound annual growth rate (CAGR), from $369.58M to $384.59M.
What does same store — operating income mean?
This metric represents the net operating income generated by multifamily properties that have been owned and operated by the company for a consistent period, typically at least one full year. It measures the profitability of the core portfolio by excluding the impact of recent acquisitions, dispositions, or major developments. This provides investors with a clear view of the organic operational performance and efficiency of the existing asset base.