Independence Realty Trust (IRT) Gross Margin (2017 - 2024)
Independence Realty Trust (IRT) recorded quarterly Gross Margin of 100.05% in Q4 2024, up 0.84% quarter-over-quarter from 99.22% in Q3 2024, and up 9.0% on a YoY basis from 91.79% in Q1 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.
- In Q4 2024, Gross Margin rose 9.0% year-over-year to 100.05%; the TTM figure through Dec 2024 stood at 100.75% (up 1784.0% YoY), while the FY2024 annual figure was 99.39%, down 47.0% from the prior year.
- Gross Margin was 100.05% for Q4 2024 at Independence Realty Trust, up from 99.22% in the prior quarter.
- In the past five years, Gross Margin ranged from a high of 100.05% in Q4 2024 to a low of 95.8% in Q1 2020.
- Historically, Gross Margin has averaged 99.19% across 3 years, with a median of 99.71% in 2024.
- Biggest YoY gain for Gross Margin was 12 bps in 2024; the steepest drop was 76 bps in 2024.
- A 3-year view of Gross Margin shows it 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.
- The last three Gross Margin figures came in at 100.05% (Q4 2024), 99.22% (Q3 2024), and 99.71% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Gross Margin (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | - |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | - |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 94.67% |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 96.67% |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 96.71% |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 97.79% |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 99.04% |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | - |
| 10 | Independence Realty Trust | 3.73 Bn | 3.86 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% |