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Independence Realty Trust Inc

Real Estate US IRT

19.9USD
0.06(0.30%)

Last update at 2025-01-02T16:47:00Z

Day Range

19.7119.96
LowHigh

52 Week Range

11.6119.11
LowHigh

Fundamentals

  • Previous Close 19.84
  • Market Cap3577.49M
  • Volume223685
  • P/E Ratio62.04
  • Dividend Yield4.13%
  • EBITDA360.06M
  • Revenue TTM656.74M
  • Revenue Per Share TTM2.93
  • Gross Profit TTM 372.22M
  • Diluted EPS TTM0.25

Financials

Income Statement

Balancesheet

Change in Cash

Total Operating Cash

Dividends Paid

Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Income before tax 120.66M 45.53M 14.88M 46.35M 26.61M
Minority interest -3.41000M -0.94000M 0.11M 0.46M 0.32M
Net income 33.70M 8.19M -21.59000M 6.67M 26.29M
Selling general administrative 26.26M 18.61M 15.10M 12.74M 10.82M
Selling and marketing expenses - - - - -
Gross profit 372.22M 147.46M 120.43M 115.93M 107.91M
Reconciled depreciation 252.85M 76.91M 60.69M 52.81M 45.22M
Ebit 92.50M 51.94M 44.52M 50.37M 52.01M
Ebitda 345.35M 128.85M 105.21M 103.18M 97.23M
Depreciation and amortization 252.85M 76.91M 60.69M 52.81M 45.22M
Non operating income net other 111.14M 77.41M 7.55M 35.21M 10.79M
Operating income 92.50M 51.94M 44.52M 50.37M 51.82M
Other operating expenses 535.42M 198.31M 167.25M 152.85M 139.36M
Interest expense 86.95M 36.40M 36.49M 39.23M 36.01M
Tax provision - - - - -
Interest income 86.95M 36.40M 36.49M 39.23M 36.01M
Net interest income -86.95500M -36.40100M -36.48800M -39.22600M -36.00600M
Extraordinary items - - - - -
Non recurring 5.50M 47.06M - - -
Other items - - - - -
Income tax expense 86.95M 37.34M 36.47M 39.68M 0.32M
Total revenue 628.52M 250.25M 211.91M 203.22M 191.23M
Total operating expenses 279.11M 95.52M 75.78M 65.56M 56.04M
Cost of revenue 256.31M 102.79M 91.47M 87.29M 83.33M
Total other income expense net 28.16M -6.41300M -29.64500M -4.01500M 10.75M
Discontinued operations - - - - -
Net income from continuing ops 120.66M 45.53M 14.88M 46.35M 26.61M
Net income applicable to common shares 117.25M 44.59M 14.77M 45.90M 26.29M
Preferred stock and other adjustments - - - - -
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Total assets 6532.10M 6506.70M 1734.90M 1664.11M 1659.34M
Intangible assets 1.14M 53.27M 0.79M 0.41M 0.74M
Earning assets - - - - -
Other current assets 63.71M 91.26M 4.86M 4.54M 84.01M
Total liab 2794.23M 2864.62M 1022.13M 1044.35M 1029.29M
Total stockholder equity 3596.66M 3480.76M 708.06M 613.28M 623.00M
Deferred long term liab - - - - -
Other current liab -1931.20100M 23.97M -467.63600M -463.69700M 16.88M
Common stock 2.24M 2.21M 1.02M 0.91M 0.89M
Capital stock 2.24M 2.21M 1.02M 0.91M 0.89M
Retained earnings -191.73500M -188.41000M -178.75100M -141.52500M -122.34200M
Other liab 9.60M 17.09M 6.95M 3.75M 4.11M
Good will -0.73700M 125.22M - - -
Other assets 6515.61M 253.82M 1725.35M 7.57M 8.80M
Cash 16.08M 35.97M 8.75M 9.89M 9.32M
Cash and equivalents 16.08M 35.97M 8.75M 9.89M 9.32M
Total current liabilities 149.58M 1042.43M 39.65M 44.09M 39.70M
Current deferred revenue - - - - -402.36300M
Net debt 4586.66M 2669.36M 936.93M 975.68M 976.17M
Short term debt 1971.10M 912.13M 481.87M 482.38M 402.36M
Short long term debt 1971.10M 635.13M 183.11M 183.97M 153.98M
Short long term debt total 4602.75M 2705.34M 945.69M 985.57M 985.49M
Other stockholder equity 3751.06M 3678.90M 919.62M 765.99M 742.43M
Property plant equipment 6295.73M 6218.88M 1708.15M 1640.74M 1548.15M
Total current assets 79.79M 127.23M 13.62M 14.43M 102.13M
Long term investments 80.22M 25.00M - 0.95M 85.59M
Net tangible assets 3596.26M 3427.49M 707.27M 612.87M 622.25M
Short term investments - 6462.35M - - -
Net receivables - 3.91M - - 8.80M
Long term debt 2631.64M 2070.21M 975.53M 993.34M 985.49M
Inventory 35.78M 61.56M - - 77.28M
Accounts payable 109.68M 106.33M 25.42M 25.40M 22.82M
Total permanent equity - - - - -
Noncontrolling interest in consolidated entity 141.20M 161.31M 4.71M 6.48M 7.05M
Temporary equity redeemable noncontrolling interests - - - - -
Accumulated other comprehensive income 35.10M -11.94000M -33.82200M -12.09900M 2.02M
Additional paid in capital - - - - -
Common stock total equity 2.24M 2.21M 1.02M 0.91M 0.89M
Preferred stock total equity - - - - -
Retained earnings total equity -191.73500M -188.41000M -178.75100M -141.52500M -122.34200M
Treasury stock - - - - -
Accumulated amortization - - - - -
Non currrent assets other 6371.68M 6301.20M 1720.49M 1649.26M 1556.46M
Deferred long term asset charges - - - - -
Non current assets total 6452.30M 6379.47M 1721.28M 1649.67M 1557.20M
Capital lease obligations - - - - -
Long term debt total 2631.64M 11.90M 975.53M 993.34M 985.49M
Breakdown 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Type yearly yearly yearly yearly yearly
Date 2022-12-31 2021-12-31 2020-12-31 2019-12-31 2018-12-31
Investments -57.39000M -24.99900M -124.54000M -106.39600M -229.45700M
Change to liabilities -6.32400M -2.24700M 0.45M 4.47M 3.95M
Total cashflows from investing activities -135.76600M -216.12400M -124.54000M -106.39600M -229.45700M
Net borrowings -69.53500M -48.04800M -41.33400M 74.83M 193.93M
Total cash from financing activities -135.42500M 215.92M 48.76M 29.78M 162.35M
Change to operating activities -3.86200M 0.86M -2.72800M 2.32M 0.15M
Net income 120.66M 45.53M 14.88M 46.35M 26.61M
Change in cash -21.65400M 52.06M -0.81800M -1.61200M 1.43M
Begin period cash flow 65.67M 13.62M 14.43M 16.05M 14.62M
End period cash flow 44.02M 65.67M 13.62M 14.43M 16.05M
Total cash from operating activities 249.54M 52.26M 74.96M 75.00M 68.53M
Issuance of capital stock 48.65M 317.02M 148.21M 20.98M 21.91M
Depreciation 252.85M 76.91M 60.69M 52.81M 45.22M
Other cashflows from investing activities 9.97M -76.60800M 20.74M 22.51M 26.80M
Dividends paid 105.83M 49.83M 56.15M 64.75M 52.48M
Change to inventory - - - - 0.47M
Change to account receivables - - - - -0.51400M
Sale purchase of stock -5.96900M -2.92700M -1.49000M -0.64200M -0.35400M
Other cashflows from financing activities 699.61M 579.32M 194.97M 231.97M 394.72M
Change to netincome -102.75300M -70.18300M -1.99000M -32.09500M -8.16600M
Capital expenditures 83.98M 42.97M 37.40M 45.62M 40.43M
Change receivables - - - - -0.51400M
Cash flows other operating -7.61800M 1.11M -0.51700M 2.03M -
Exchange rate changes - - - - -
Cash and cash equivalents changes -21.65400M 52.06M -0.81800M -1.61200M 1.43M
Change in working capital -6.35700M -2.77000M -1.97400M 5.81M 3.44M
Stock based compensation 7.89M 7.23M 5.56M 3.12M 2.52M
Other non cash items -125.50700M 1.50M 2.16M 1.42M 1.43M
Free cash flow 165.56M 9.28M 37.56M 29.38M 28.10M

Peer Comparison

Sector: Real Estate Industry: REIT - Residential

Company Change (USD) Price (USD) Trailing PE (x) Forward PE (x) Price Sales TTM (x) Price to Book Value (x) Enterprise Value to Revenue (x) Enterprise Value to EBITDA (x)
IRT
Independence Realty Trust Inc
0.06 0.30% 19.90 62.04 60.61 5.20 0.97 9.30 16.81
AVB
AvalonBay Communities Inc
-0.35 0.16% 219.62 31.01 41.84 11.03 2.71 13.98 19.11
EQR
Equity Residential
-0.09 0.13% 71.00 35.33 38.31 8.20 2.12 10.94 13.97
INVH
Invitation Homes Inc
-0.1 0.31% 31.87 42.22 44.44 8.97 2.05 12.04 19.45
SUI
Sun Communities Inc
1.10 0.90% 124.08 73.72 58.48 5.47 2.11 7.63 19.90

Reports Covered

Stock Research & News

Profile

Independence Realty Trust, Inc. (NYSE: IRT) is a real estate investment trust that owns and operates multifamily communities, across non-gateway U.S. markets including Atlanta, GA, Dallas, TX, Denver, CO, Columbus, OH, Indianapolis, IN, Raleigh-Durham, NC, Oklahoma City, OK, Nashville, TN, Houston, TX, and Tampa, FL. IRT's investment strategy is focused on gaining scale near major employment centers within key amenity rich submarkets that offer good school districts and high-quality retail. IRT aims to provide stockholders with attractive risk-adjusted returns through diligent portfolio management, strong operational performance, and a consistent return on capital through distributions and capital appreciation.

Independence Realty Trust Inc

1835 Market Street, Philadelphia, PA, United States, 19103

Key Executives

Name Title Year Born
Mr. Scott F. Schaeffer Chairman & CEO 1962
Mr. Farrell M. Ender Pres 1976
Mr. James J. Sebra CFO & Treasurer 1976
Mr. Jason R. Delozier Chief Accounting Officer & Controller 1984
Ms. Jessica K. Norman Chief Legal Officer & Sec. 1983
Ms. Ella Shaw Neyland COO & Director 1955
Mr. Ted McHugh SVP, Edelman Financial Communications & Capital Markets NA
Alex Jorgensen Investor Relations Officer NA

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