Independence Realty Trust (IRT) Gross Margin (2017 - 2024)
Independence Realty Trust's (IRT) quarterly Gross Margin came in at 100.05% in Q4 2024, up 9.0% year-on-year from 91.79% in Q1 2024, and up 0.84% quarter-over-quarter from 99.22% in Q3 2024.
Independence Realty Trust (IRT) Gross Margin (2017 - 2024) Analysis & Trends
Independence Realty Trust's Gross Margin history runs 6 years deep, the most recent figure standing at 100.05% for Q4 2024.
- On a quarterly basis, Gross Margin rose 9.0% year-over-year to 100.05% in Q4 2024; TTM through Dec 2024 was 100.75%, a 1784.0% increase from a year earlier, with the FY2024 full-year figure at 99.39%, down 47.0% from the prior year.
- Gross Margin grew to 100.05% in Q4 2024 per IRT's latest filing, from 99.22% in the prior quarter.
- Across five years, Gross Margin topped out at 100.05% in Q4 2024 and bottomed at 95.8% in Q1 2020.
- The 3-year median for Gross Margin is 99.71% (2024), against an average of 99.19%.
- Biggest YoY gain for Gross Margin was 12 bps in 2024; the steepest drop was 76 bps in 2024.
- Year by year, Gross Margin stood at 95.8% in 2020, then advanced by 4 bps to 99.96% in 2023, then advanced by 0 bps to 100.05% in 2024.
- Per Business Quant, the three latest IRT Gross Margin figures stand at 100.05% (Q4 2024), 99.22% (Q3 2024), and 99.71% (Q2 2024).
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | - |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | - |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 94.67% |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 96.67% |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 96.71% |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 97.79% |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 95.30% |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | - |
| 10 | Independence Realty Trust | 3.93 Bn | 3.93 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 100.05% |
| Sep 30, 2024 | 99.22% |
| Jun 30, 2024 | 99.71% |
| Dec 31, 2023 | 99.96% |
| Sep 30, 2023 | 99.98% |
| Jun 30, 2023 | 99.59% |
| Mar 31, 2020 | 95.80% |
| Dec 31, 2019 | 96.21% |
| Sep 30, 2019 | 96.29% |
| Jun 30, 2019 | 95.95% |
| Mar 31, 2019 | 96.34% |
| Dec 31, 2018 | 95.93% |
| Sep 30, 2018 | 96.59% |
| Jun 30, 2018 | 96.60% |
| Mar 31, 2018 | 96.32% |
| Dec 31, 2017 | 86.41% |
| Sep 30, 2017 | 96.69% |
| Jun 30, 2017 | 99.81% |