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Independence Realty Trust IRT Same Store — Operating Income

Other segment segments

Nonsame Store
$4.83M+11.3%

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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$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:OperatingIncomeLoss.

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
Total non same-store operating expenses4,2852,559
Total reportable segments operating expenses62,12459,263
Net Operating Income:
Same-store NOI98,25697,300
Non same-store NOI4,8334,342
Total reportable segments NOI103,089101,642
Adjustments:
Other revenue109338

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FAQ

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.

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