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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$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 / equity0×0.0×

Where this comes from

Reported directly by Independence Realty Trust in its filing.

Tagged under the XBRL concept us-gaap:RealEstateTaxExpense.

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 consolidated revenue165,322161,243
Operating Expenses:
Same-store
Real estate taxes19,75019,378
Property insurance3,2783,900
Personnel expenses12,80811,949
Utilities8,2157,786
Repairs and maintenance4,1754,345

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FAQ

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.

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