Independence Realty Trust (IRT) Debt Ratio (2011 - 2024)
Independence Realty Trust (IRT) posted Debt Ratio of 0.38 for Q3 2024, up 1.38% on a QoQ basis from 0.38 in Q2 2024, and down 6.89% year-over-year from 0.41 in Q4 2023.
Analysis
Independence Realty Trust (IRT) Debt Ratio (2011 - 2024) Analysis & Trends
Independence Realty Trust has reported Debt Ratio for 13 years, with the latest figure at 0.38 in Q3 2024.
- On a quarterly basis, Debt Ratio fell 6.89% year-over-year to 0.38 in Q3 2024; TTM through Sep 2024 was 0.38, a 6.89% decrease from a year earlier, with the FY2022 full-year figure at 0.4, down 3.1% from the prior year.
- Debt Ratio was 0.38 for Q3 2024 at Independence Realty Trust, up from 0.38 in the prior quarter.
- The five-year high for Debt Ratio was 0.8 in Q1 2020, with the low at 0.38 in Q2 2024.
- Average Debt Ratio over 5 years is 0.52, with a median of 0.41 recorded in 2022.
- The sharpest annual moves came in 2020 and 2022: Debt Ratio climbed 17.62% in 2020, then plunged 46.46% in 2022.
- Over 5 years, Debt Ratio stood at 0.74 in 2020, then sank by 43.76% to 0.42 in 2021, then slipped by 3.1% to 0.4 in 2022, then increased by 2.48% to 0.41 in 2023, then dropped by 6.89% to 0.38 in 2024.
- The last three Debt Ratio figures came in at 0.38 (Q3 2024), 0.38 (Q2 2024), and 0.38 (Q1 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Debt Ratio (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.37 Bn | 24.37 Bn | - | 0.37 |
| 2 | Invitation Homes | 16.34 Bn | 16.34 Bn | 705.34 Mn | 0.24 |
| 3 | Mid America Apartment Communities | 14.46 Bn | 14.33 Bn | 537.17 Mn | 0.44 |
| 4 | Sun Communities | 14.11 Bn | 14.11 Bn | 460.10 Mn | 0.16 |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 0.47 |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | 0.36 |
| 7 | Udr | 11.36 Bn | 11.36 Bn | 412.43 Mn | 0.48 |
| 8 | Camden Property Trust | 10.49 Bn | 10.49 Bn | - | 0.48 |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 0.37 |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2024 | 0.38 |
| Jun 30, 2024 | 0.38 |
| Mar 31, 2024 | 0.38 |
| Sep 30, 2023 | 0.41 |
| Jun 30, 2023 | 0.41 |
| Mar 31, 2023 | 0.40 |
| Dec 31, 2022 | 0.40 |
| Sep 30, 2022 | 0.41 |
| Jun 30, 2022 | 0.40 |
| Mar 31, 2022 | 0.40 |
| Dec 31, 2021 | 0.42 |
| Sep 30, 2021 | 0.54 |
| Jun 30, 2021 | 0.55 |
| Mar 31, 2021 | 0.74 |
| Dec 31, 2020 | 0.74 |
| Sep 30, 2020 | 0.80 |
| Jun 30, 2020 | 0.80 |
| Mar 31, 2020 | 0.80 |
| Dec 31, 2019 | 0.82 |
| Sep 30, 2019 | 0.75 |