Independence Realty Trust, Inc.

Independence Realty Trust, Inc. (IRT) reported total revenue of $657.7 million for fiscal year 2025, driven primarily by $656.5 million in rental and other property revenue. The company generated net income of $57.7 million, with net income allocable to common shares of $56.6 million. Key financial metrics include property operating expenses of $239.2 million, depreciation and amortization of $243.2 million, and interest expense of $79.0 million. The balance sheet shows total assets of $6.02 billion, with net investments in real estate of $5.68 billion and total liabilities of $2.43 billion. Cash flow from operations was strong at $282.1 million, while investing activities used $142.9 million primarily for property acquisitions and capital expenditures. The company ended the period with $47.6 million in total cash, cash equivalents and restricted cash.

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