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Independence Realty Trust IRT Number Of Real Estate Properties

Discontinued — last reported Q3 '23

Number Of Real Estate Properties at other companies

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Segments

By segment

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Same Store109
Nonsame Store6

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:NumberOfRealEstateProperties.

The source filing: Independence Realty Trust’s 10-Q, filed October 31, 2023.

Filed
Oct 31, 2023
Fiscal quarter
Q3 FY2023
Calendar quarter
Q3 2023
Accession
0001466085-23-000123

Independence Realty Trust, Inc., a Maryland corporation (“IRT”), is a self-administered and self-managed real estate investment trust (“REIT”) which was formed on March 26, 2009. We are primarily engaged in the ownership, operation, management, improvement, and acquisition of multifamily apartment communities in non-gateway markets. As of September 30, 2023, we owned and operated 120 (unaudited) multifamily apartment properties (including one consolidated joint venture) that contain 35,427 (unaudited) units across non-gateway U.S. markets including Atlanta, Columbus, Dallas, Denver, Houston, Indianapolis, Nashville, Oklahoma City, Raleigh-Durham, and Tampa. In addition, as of September 30, 2023, we owned two investments in real estate under development in Denver, Colorado that will, upon completion, contain an aggregate of 621 (unaudited) units. As of September 30, 2023, we also owned interests in four unconsolidated joint ventures, two that own and operate multifamily apartment communities that contain an aggregate of 810 (unaudited) units and two that are developing multifamily apartment communities that will, upon completion, contain an aggregate of 653 (unaudited) units. We own all of our assets and conduct substantially all of our operations through Independence Realty Operating Partnership, LP, a Delaware limited partnership (“IROP”), of which we are the sole general partner.

Item 1. Financial Statements (unaudited)

FAQ

What is Independence Realty Trust's number of real estate properties?
Independence Realty Trust (IRT) reported number of real estate properties of 120 in Q3 2023.
How has Independence Realty Trust's number of real estate properties changed year-over-year?
Independence Realty Trust's number of real estate properties decreased by 1.6% year-over-year, from 122 to 120.

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