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Independence Realty Trust IRT Real Estate Investment Development In Process Net

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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$4.07B+1.7%
Enterprise value$4.05B+1.6%
P/E83×-59.6×
P/S6.2×-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 irt:RealEstateInvestmentDevelopmentInProcessNet.

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 itemAs of / March 31, 2026As of / December 31, 2025
Accumulated depreciation(972,660)(915,247)
Investments in real estate, net5,727,4825,680,760
Real estate held for sale76,85876,468
Investments in real estate under development127,84060,116
Cash and cash equivalents23,34123,564
Restricted cash19,92624,058
Investments in unconsolidated real estate entities66,56098,263
Other assets44,15145,711

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FAQ

What is Independence Realty Trust's real estate investment development in process net?
Independence Realty Trust (IRT) reported real estate investment development in process net of $127.84M in Q1 2026.
How has Independence Realty Trust's real estate investment development in process net changed year-over-year?
Independence Realty Trust's real estate investment development in process net increased by 8.5% year-over-year, from $117.8M to $127.84M.
What does real estate investment development in process net mean?
This captures the cumulative costs incurred for multifamily projects currently under construction or in the pre-development phase that are not yet operational. It represents capital tied up in the pipeline that has not yet begun to generate rental income. Monitoring this helps investors gauge the company's future growth potential and the execution risk associated with its development pipeline.

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