INDEPENDENCE REALTY TRUST, INC.
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $161.2M | $153.4M | $109.6M | $49.2M | $19.9M | $16.6M | $8.7M | $5.0K |
| Cost of Revenue | $6.0M | $4.8M | — | — | — | — | — | — |
| Gross Profit | $155.2M | $148.5M | — | — | — | — | — | — |
| Gross Margin | 96.3% | 96.8% | — | — | — | — | — | — |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $9.5M | $10.9M | $7.8M | $1.1M | $648.0K | $968.0K | $566.0K | $0 |
| Operating Income | $45.4M | $39.7M | $10.2M | $8.5M | $4.9M | $3.7M | $1.4M | $5.0K |
| Operating Margin | 28.2% | 25.9% | 9.3% | 17.4% | 24.7% | 22.4% | 15.7% | 100.0% |
| Interest Expense | $28.7M | $35.5M | $23.6M | $8.5M | $3.7M | $3.3M | $1.7M | $0 |
| Pretax Income | — | — | — | — | — | $427.0K | $-370.0K | $5.0K |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $1.0K |
| Net Income | $30.2M | $-9.6M | $30.2M | $2.9M | $615.0K | $-123.0K | $-112.0K | $4.0K |
| Net Margin | 18.7% | -6.2% | 27.5% | 6.0% | 3.1% | -0.7% | -1.3% | 80.0% |
| EPS (Basic) | $0.21 | $-0.10 | $0.39 | $0.07 | $0.02 | $0.00 | $0.00 | $0.00 |
| EPS (Diluted) | $0.21 | $-0.10 | $0.39 | $0.07 | $0.02 | $0.00 | $0.00 | $0.00 |
| Shares Outstanding (Basic) | 146.7M | 104.4M | 72.3M | 42.6M | 42.6M | 41.9M | 42.6M | 42.6M |
| Shares Outstanding (Diluted) | 147.2M | 104.4M | 72.3M | 43.1M | 42.6M | 41.9M | 42.6M | 42.6M |
| Dividends Per Share | $0.36 | — | — | — | $0.08 | $0.00 | $0.00 | $0.00 |