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Independence Realty Trust IRT Number of apartment homes included in operating apartment communities owned

Discontinued — last reported Q3 '24

Number of apartment homes included in operating apartment communities owned at other companies

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Segments

By segment

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Same Store31.7K
Nonsame Store1.9K

By geography

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Austin Texas0-100%

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:NumberOfUnitsInRealEstateProperty.

The source filing: Independence Realty Trust’s 10-Q, filed October 31, 2024.

Filed
Oct 31, 2024
Fiscal quarter
Q3 FY2024
Calendar quarter
Q3 2024
Accession
0001466085-24-000124

Independence Realty Trust, Inc. (“IRT”), is a self-administered and self-managed Maryland 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, 2024, we owned and operated 110 (unaudited) multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 32,670 (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, 2024, 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, 2024, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment communities that contain an aggregate of 810 (unaudited) units and two of which are developing multifamily apartment properties 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 apartment homes included in operating apartment communities owned?
Independence Realty Trust (IRT) reported number of apartment homes included in operating apartment communities owned of 32.7K in Q3 2024.
How has Independence Realty Trust's number of apartment homes included in operating apartment communities owned changed year-over-year?
Independence Realty Trust's number of apartment homes included in operating apartment communities owned decreased by 7.8% year-over-year, from 35.4K to 32.7K.

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