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Independence Realty Trust (IRT) Gross Margin (2017 - 2024)

Independence Realty Trust (IRT) has 6 years of Gross Margin data on record, last reported at 99.22% in Q3 2024.

  • For Q3 2024, Gross Margin fell 76.0% year-over-year to 99.22%; the TTM value through Sep 2024 reached 84.14%, up 3627.0%, while the annual FY2023 figure was 99.86%, 127.0% up from the prior year.
  • Gross Margin reached 99.22% in Q3 2024 per IRT's latest filing, down from 99.96% in the prior quarter.
  • Across five years, Gross Margin topped out at 99.98% in Q3 2023 and bottomed at 95.8% in Q1 2020.
  • Average Gross Margin over 3 years is 98.74%, with a median of 99.59% recorded in 2023.
  • Peak YoY movement for Gross Margin: tumbled -54bps in 2020, then crashed -76bps in 2024.
  • A 3-year view of Gross Margin shows it stood at 95.8% in 2020, then increased by 4bps to 99.96% in 2023, then fell by -1bps to 99.22% in 2024.
  • Per Business Quant database, its latest 3 readings for Gross Margin were 99.22% in Q3 2024, 99.96% in Q4 2023, and 99.98% in Q3 2023.