Independence Realty Trust (IRT) Depreciation Expense (2013 - 2024)
Independence Realty Trust's quarterly Depreciation Expense came in at $56.5 million in Q4 2024, up 2.06% year-on-year from $55.3 million in Q1 2024, and up 3.67% quarter-over-quarter from $54.5 million in Q3 2024.
Independence Realty Trust has reported Depreciation Expense for 12 years, with the latest figure at $56.5 million in Q4 2024.
- For the quarter ending Q4 2024, Depreciation Expense rose 2.06% year-over-year to $56.5 million; the trailing twelve-month figure through Dec 2024 stood at $218.0 million (changed 0.46% YoY), and the FY2024 full-year result was $218.0 million, changed 0.46% from the prior year.
- Depreciation Expense for Q4 2024 stood at $56.5 million, up from $54.5 million in the prior quarter.
- The five-year high for Depreciation Expense was $56.5 million in Q4 2024, with the low at $14.5 million in Q1 2020.
- Average Depreciation Expense over 5 years is $38.2 million, with a median of $49.2 million recorded in 2022.
- Year-over-year, Depreciation Expense surged 203.86% in 2022 and declined 1.14% in 2024.
- Tracing IRT's Depreciation Expense over 5 years: stood at $15.4 million in 2020, then soared by 36.93% to $21.1 million in 2021, then surged by 143.42% to $51.3 million in 2022, then advanced by 7.78% to $55.3 million in 2023, then grew by 2.06% to $56.5 million in 2024.
- The last three Depreciation Expense figures came in at $56.5 million (Q4 2024), $54.5 million (Q3 2024), and $53.8 million (Q2 2024), per Business Quant data.
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Depreciation (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 25.91 Bn | 26.13 Bn | - | 233.10 Mn |
| 2 | Equity Residential | 25.13 Bn | 25.27 Bn | - | 258.11 Mn |
| 3 | Invitation Homes | 17.75 Bn | 17.79 Bn | 694.98 Mn | 193.14 Mn |
| 4 | Sun Communities | 15.66 Bn | 15.77 Bn | 491.20 Mn | - |
| 5 | Mid America Apartment Communities | 15.34 Bn | 15.42 Bn | 537.05 Mn | - |
| 6 | American Homes 4 Rent | 13.60 Bn | 14.17 Bn | - | 5.70 Mn |
| 7 | Udr | 12.44 Bn | 12.44 Bn | 416.43 Mn | 161.27 Mn |
| 8 | Equity Lifestyle Properties | 12.31 Bn | 12.37 Bn | 393.79 Mn | - |
| 9 | Camden Property Trust | 11.27 Bn | 11.34 Bn | - | - |
| 10 | Independence Realty Trust | 3.99 Bn | 4.11 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 56.45 Mn |
| Sep 30, 2024 | 54.45 Mn |
| Jun 30, 2024 | 53.76 Mn |
| Mar 31, 2024 | 53.32 Mn |
| Dec 31, 2023 | 55.31 Mn |
| Sep 30, 2023 | 55.08 Mn |
| Jun 30, 2023 | 53.70 Mn |
| Mar 31, 2023 | 52.89 Mn |
| Dec 31, 2022 | 51.32 Mn |
| Sep 30, 2022 | 49.27 Mn |
| Jun 30, 2022 | 48.09 Mn |
| Mar 31, 2022 | 49.09 Mn |
| Dec 31, 2021 | 21.08 Mn |
| Sep 30, 2021 | 17.02 Mn |
| Jun 30, 2021 | 16.32 Mn |
| Mar 31, 2021 | 16.16 Mn |
| Dec 31, 2020 | 15.40 Mn |
| Sep 30, 2020 | 15.16 Mn |
| Jun 30, 2020 | 15.05 Mn |
| Mar 31, 2020 | 14.46 Mn |
| Dec 31, 2019 | 13.77 Mn |
| Sep 30, 2019 | 13.13 Mn |
| Jun 30, 2019 | 12.43 Mn |
| Mar 31, 2019 | 11.89 Mn |
| Dec 31, 2018 | 11.10 Mn |
| Sep 30, 2018 | 10.22 Mn |
| Jun 30, 2018 | 10.54 Mn |
| Mar 31, 2018 | 9.93 Mn |
| Dec 31, 2017 | 9.04 Mn |
| Sep 30, 2017 | 8.26 Mn |
| Jun 30, 2017 | 7.82 Mn |
| Mar 31, 2017 | 7.55 Mn |
| Dec 31, 2016 | 7.90 Mn |
| Sep 30, 2016 | 7.77 Mn |
| Jun 30, 2016 | 7.64 Mn |
| Mar 31, 2016 | 7.79 Mn |
| Dec 31, 2015 | 7.82 Mn |
| Sep 30, 2015 | 4.59 Mn |
| Jun 30, 2015 | 4.34 Mn |
| Mar 31, 2015 | 4.13 Mn |
| Dec 31, 2014 | 3.01 Mn |
| Sep 30, 2014 | 2.33 Mn |
| Jun 30, 2014 | 2.02 Mn |
| Mar 31, 2014 | 2.12 Mn |
| Dec 31, 2013 | 1.09 Mn |
| Sep 30, 2013 | 967,000.00 |
| Jun 30, 2013 | 947,000.00 |
| Mar 31, 2013 | 1.04 Mn |