For Q1 FY2026 (ended March 31, 2026), Independence Realty Trust reported revenue of $165.3 million, up 2.5% year-over-year. Net income was a loss of $68,000, a significant decline from the prior year, and diluted EPS was $0.00. Operating income was $12.3 million (based on data from 2019, not current quarter). Cash and equivalents were $23.3 million, with total equity of $3.39 billion and long-term debt of $2.43 billion.
•Revenue increased 2.5% YoY to $165.3 million.
•Net loss of $68,000, compared to net income in the prior year.
•Diluted EPS was $0.00, down 100% YoY.
•Long-term debt stood at $2.43 billion against equity of $3.39 billion.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Independence Realty Trust, Inc. a Maryland is a self-administered and self-managed real estate investment trust (REIT) that acquires, owns, operates, improves and manages multifamily apartment communities across non-gateway U.S. markets.
As of December 31, 2025, we owned and operated 114 multifamily apartment properties (including one owned through a consolidated joint venture) that contain an aggregate of 33,462 units in the following Southeastern and Midwestern states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas.
In addition, as of December 31, 2025, we owned one investment in real estate under development in Denver, Colorado that will, upon completion, contain 296 units. As of December 31, 2025, we also owned interests in four unconsolidated joint ventures, two of which own and operate multifamily apartment properties that contain an aggregate of 653 units and two that are developing multifamily apartment properties that will, upon completion, contain an aggregate of 642 units. Independence Realty Trust, Inc. was incorporated in 2009 in Maryland and is based in Philadelphia, United States.
What does Independence Realty Trust, Inc. (IRT) do?
Independence Realty Trust, Inc. (IRT) is a self-administered and self-managed real estate investment trust (REIT) that focuses on acquiring, owning, operating, improving, and managing multifamily apartment communities. The company targets non-gateway U.S. markets, primarily in the Southeastern and Midwestern states. As of December 31, 2025, IRT owned and operated 114 multifamily apartment properties (including one through a consolidated joint venture) totaling 33,462 units across Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. Additionally, the company had one development property in Denver, Colorado, expected to contain 296 units upon completion, and interests in four unconsolidated joint ventures, two of which operate 653 units and two that are developing 642 units.
Where is Independence Realty Trust (IRT) listed and what currency does it trade in?
Independence Realty Trust, Inc. (IRT) is listed on the New York Stock Exchange (NYSE) under the ticker symbol IRT. The company's shares are traded in U.S. dollars (USD), as it is based in the United States. The NYSE is a major stock exchange located in New York City, providing liquidity and visibility for IRT's stock to investors globally.
What sector and industry does Independence Realty Trust (IRT) belong to?
Independence Realty Trust, Inc. (IRT) operates in the Real Estate sector, specifically within the REIT - Residential industry. As a real estate investment trust, IRT is required to distribute at least 90% of its taxable income to shareholders in the form of dividends. The company focuses on residential multifamily properties, meaning it owns and manages apartment communities that generate rental income. This classification distinguishes IRT from other REITs that may specialize in commercial, industrial, or healthcare properties.
Where is Independence Realty Trust (IRT) headquartered and what markets does it serve?
Independence Realty Trust, Inc. (IRT) is headquartered in Philadelphia, Pennsylvania, United States. The company was incorporated in Maryland in 2009. IRT serves non-gateway U.S. markets, primarily in the Southeastern and Midwestern regions. As of December 31, 2025, its properties were located in 12 states: Alabama, Colorado, Florida, Georgia, Indiana, Kentucky, North Carolina, Ohio, Oklahoma, South Carolina, Tennessee, and Texas. The company focuses on multifamily apartment communities in these areas, avoiding major coastal gateway cities.
How does Independence Realty Trust (IRT) generate revenue and what is its business model?
Independence Realty Trust, Inc. (IRT) generates revenue primarily by leasing apartment units in its multifamily properties to tenants. As a self-administered and self-managed REIT, IRT handles its own property management, acquisitions, and operations internally, rather than outsourcing to third parties. The company's business model involves acquiring, owning, operating, improving, and managing apartment communities in non-gateway U.S. markets. By focusing on the Southeastern and Midwestern states, IRT aims to capitalize on population growth and job creation in these regions. As of December 31, 2025, the company owned 114 properties with 33,462 units, plus development projects that will add more units. Rental income from these properties forms the core of its revenue, which is then distributed to shareholders as dividends.