Independence Realty Trust, Inc. filed its Form 10-Q for the quarterly period ended September 30, 2026 with the U.S. Securities and Exchange Commission on November 3, 2026, reporting third-quarter and nine-month financial results.

Key Highlights

  • Quarterly total revenue: $172,109 thousand for the three months ended September 30, 2026, compared to $167,138 thousand in the same period of 2025, according to the filing.
  • Net income allocable to common shares: $25,146 thousand for Q3 2026, versus $6,893 thousand in Q3 2025, as reported in the condensed consolidated statements of operations.
  • Diluted earnings per share: $0.11 for the three months ended September 30, 2026, unchanged from $0.11 when rounded; nine-month diluted EPS was $0.12.
  • Total assets: $6,080,105 thousand as of September 30, 2026, compared to $6,021,750 thousand as of December 31, 2025.
  • Gain on sale of real estate assets, net: $26,474 thousand recorded in Q3 2026, compared to a loss on impairment of $(12,841) thousand in Q3 2025.
  • Shares outstanding: 235,869,729 shares of common stock issued and outstanding as of October 28, 2026, per the cover page of the filing.
  • Common stock repurchased: 1,839,460 shares repurchased during Q1 2026 for a total of $29,937 thousand, including repurchase costs, as disclosed in the equity statements.

Independence Realty Trust Reports Q3 2026 Financial Position and Operating Results

According to the filing, Independence Realty Trust (NYSE:IRT) reported total revenue of $172,109 thousand for the three months ended September 30, 2026, driven primarily by rental and other property revenue of $171,957 thousand. For the nine-month period ended September 30, 2026, total revenue reached $504,672 thousand, up from $490,569 thousand in the comparable prior-year period. Property operating expenses for the quarter were $64,340 thousand, and depreciation and amortization expense was $65,874 thousand.

The company reported net income of $25,719 thousand for Q3 2026, compared to $6,995 thousand in Q3 2025. The filing attributes a portion of the quarterly improvement to a net gain on sale of real estate assets of $26,474 thousand, against a net loss on impairment of $(12,841) thousand in the prior-year quarter. Partially offsetting these figures were merger and integration costs of $6,200 thousand and interest expense of $22,723 thousand in Q3 2026. Income from unconsolidated real estate entities reflected a loss of $(555) thousand for the quarter, compared to income of $9,814 thousand in Q3 2025.

As of September 30, 2026, total assets were $6,080,105 thousand, with investments in real estate, net of accumulated depreciation, totaling $5,758,331 thousand. Total indebtedness, net, stood at $2,401,457 thousand, up from $2,281,475 thousand at December 31, 2025. Total stockholders' equity was $3,351,378 thousand. The accumulated deficit widened to $(651,912) thousand from $(555,326) thousand at year-end 2025. Comprehensive income for the nine months ended September 30, 2026 was $43,047 thousand, reflecting other comprehensive income of $14,945 thousand from changes in the fair value of interest rate hedges.

What Was Disclosed

Independence Realty Trust filed its unaudited quarterly report covering the period ended September 30, 2026, disclosing revenue, net income, balance sheet data, share repurchase activity, and equity changes for the three- and nine-month periods, with 235,869,729 shares outstanding as of October 28, 2026.