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Independence Realty Trust IRT Same Store — Real Estate Tax Expense

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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$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:RealEstateTaxExpense.

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 — real estate tax expense?
Independence Realty Trust (IRT) reported same store — real estate tax expense of $19.75M in Q1 2026.
How has Independence Realty Trust's same store — real estate tax expense changed year-over-year?
Independence Realty Trust's same store — real estate tax expense increased by 1.9% year-over-year, from $19.38M to $19.75M.
What is the long-term trend for Independence Realty Trust's same store — real estate tax expense?
Over 2 years (2023 to 2025), Independence Realty Trust's same store — real estate tax expense has grown at a -2.5% compound annual growth rate (CAGR), from $72.52M to $68.97M.
What does same store — real estate tax expense mean?
This reflects the property-level tax obligations incurred for the stabilized portfolio of multifamily assets. Monitoring this expense is critical for assessing the impact of local government tax assessments on overall property-level profitability.