0001437749-26-004376
SEC filingIndependence 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.
Independence Realty Trust, Inc. (IRT) reported financial results for fiscal year 2025 ending December 31, 2025. The company generated total revenue of $657.7 million, consisting of $656.5 million in rental and other property revenue and $1.2 million in other revenue. Total expenses were $537.8 million, including property operating expenses of $239.2 million, property management expenses of $30.1 million, general and administrative expenses of $24.0 million, and depreciation and amortization expense of $243.2 million. The company reported net income of $57.7 million, with net income allocable to common shares of $56.6 million after allocating $1.1 million to noncontrolling interests. Weighted-average shares outstanding were 233.9 million basic and 234.8 million diluted.
The company's revenue is primarily derived from rental and other property revenue, which accounted for $656.5 million of the total $657.7 million in revenue. Other revenue contributed $1.2 million. The document does not provide segment breakdown, geographic mix, or specific growth drivers beyond these aggregate revenue figures. The XBRL data shows the company generated income from investments in unconsolidated real estate entities of $11.1 million and recorded a gain on sale of real estate assets, net of $6.1 million during the period.
The company's cost structure shows property operating expenses of $239.2 million, representing the largest operating expense category. Property management expenses were $30.1 million and general and administrative expenses were $24.0 million. Depreciation and amortization expense was significant at $243.2 million. Interest expense totaled $79.0 million for the period. The document does not provide explicit gross profit, gross margin, operating income, or operating margin figures that would allow calculation of margin percentages. The company reported casualty losses of $1.3 million and restructuring costs of $0.
Operating activities generated $282.1 million in cash flow, with net income of $57.7 million adjusted primarily for $243.2 million in depreciation and amortization. Investing activities used $142.9 million, including $152.7 million for acquisition of real estate properties, $135.6 million in capital expenditures, and $18.2 million in real estate development expenditures, partially offset by $157.9 million in proceeds from dispositions of real estate properties. Financing activities used $135.1 million, including $154.4 million in distributions on common stock and $30.0 million in repurchase of common stock, partially offset by $162.4 million in proceeds from issuance of common stock. The balance sheet shows total assets of $6.02 billion, with net investments in real estate of $5.68 billion. Total liabilities were $2.43 billion, including indebtedness, net of $2.28 billion. Total equity was $3.59 billion, consisting of $3.46 billion in stockholders' equity and $129.5 million in noncontrolling interests.
The document content provided does not include management guidance, strategic priorities, or specific risk factors that would constitute forward-looking statements. The XBRL data and document text focus exclusively on historical financial results for the fiscal year ended December 31, 2025, without providing outlook information for future periods. The filing includes standard supplemental disclosures such as cash paid for interest of $82.6 million and distributions declared but not paid of $41.3 million, but does not contain explicit forward-looking statements about the company's future performance or strategic direction.