INDEPENDENCE REALTY TRUST, INC.
Income Statement
| Line Item | FY2025 | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 | FY2019 | FY2018 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $657.7M | $640.0M | $661.0M | $628.5M | $250.3M | $211.9M | $203.2M | $191.2M |
| Cost of Revenue | — | — | — | — | — | — | $7.7M | $7.0M |
| Gross Profit | — | — | — | — | — | — | $195.5M | $184.3M |
| Gross Margin | — | — | — | — | — | — | 96.2% | 96.4% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $24.0M | $24.2M | $22.8M | $26.3M | $18.6M | $15.1M | $12.7M | $10.8M |
| Operating Income | $119.9M | $125.5M | $146.9M | $102.0M | $51.6M | $43.8M | $50.4M | $51.8M |
| Operating Margin | 18.2% | 19.6% | 22.2% | 16.2% | 20.6% | 20.7% | 24.8% | 27.1% |
| Interest Expense | — | — | $89.9M | $87.0M | $36.4M | $36.5M | $39.2M | $36.0M |
| Pretax Income | — | — | — | — | — | — | — | — |
| Income Tax Expense | $0 | $0 | $0 | $0 | $0 | $0 | $0 | $0 |
| Net Income | $56.6M | $39.3M | $-17.2M | $117.2M | $44.6M | $14.8M | $45.9M | $26.3M |
| Net Margin | 8.6% | 6.1% | -2.6% | 18.7% | 17.8% | 7.0% | 22.6% | 13.7% |
| EPS (Basic) | $0.24 | $0.17 | $-0.08 | $0.53 | $0.21 | $0.08 | $0.26 | $0.15 |
| EPS (Diluted) | $0.24 | $0.17 | $-0.08 | $0.53 | $0.21 | $0.08 | $0.26 | $0.15 |
| Shares Outstanding (Basic) | 233.9M | 224.8M | 224.4M | 222.0M | 217.1M | 187.3M | 179.6M | 174.2M |
| Shares Outstanding (Diluted) | 234.8M | 225.6M | 224.4M | 223.1M | 219.7M | 189.4M | 180.8M | 174.8M |
| Dividends Per Share | $0.67 | $0.64 | $0.62 | $0.54 | $0.24 | $0.27 | $0.36 | $0.36 |