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Independence Realty Trust IRT Same Store — Utilities Operating Expense Maintenance

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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:UtilitiesOperatingExpenseMaintenance.

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
Property insurance3,2783,900
Personnel expenses12,80811,949
Utilities8,2157,786
Repairs and maintenance4,1754,345
Contract services6,1615,790
Advertising expenses1,8621,933
Other property operating expenses (2)1,5901,623
Total same-store operating expenses57,83956,704

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FAQ

What is Independence Realty Trust's same store — utilities operating expense maintenance?
Independence Realty Trust (IRT) reported same store — utilities operating expense maintenance of $4.18M in Q1 2026.
How has Independence Realty Trust's same store — utilities operating expense maintenance changed year-over-year?
Independence Realty Trust's same store — utilities operating expense maintenance decreased by 3.9% year-over-year, from $4.35M to $4.18M.
What is the long-term trend for Independence Realty Trust's same store — utilities operating expense maintenance?
Over 2 years (2023 to 2025), Independence Realty Trust's same store — utilities operating expense maintenance has grown at a -2.8% compound annual growth rate (CAGR), from $20.12M to $19M.
What does same store — utilities operating expense maintenance mean?
This tracks utility-related expenses specifically allocated to the ongoing maintenance and upkeep of the stabilized multifamily assets. It helps management distinguish between standard operational utility usage and costs associated with property repairs and maintenance activities.

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