Independence Realty Trust (IRT) Interest Coverage Ratio (2011 - 2024)
Independence Realty Trust's (IRT) quarterly Interest Coverage Ratio came in at 1.52 in Q4 2024, up 14.01% year-on-year from 1.34 in Q1 2024, and down 6.03% quarter-over-quarter from 1.62 in Q3 2024.
Independence Realty Trust (IRT) Interest Coverage Ratio (2011 - 2024) Analysis & Trends
Independence Realty Trust's Interest Coverage Ratio history runs 12 years deep, the most recent figure standing at 1.52 for Q4 2024.
- On a quarterly basis, Interest Coverage Ratio rose 14.01% year-over-year to 1.52 in Q4 2024; TTM through Dec 2024 was 1.67, a 34.72% increase from a year earlier, with the FY2024 full-year figure at 1.51, down 0.82% from the prior year.
- Interest Coverage Ratio retreated to 1.52 in Q4 2024 per IRT's latest filing, from 1.62 in the prior quarter.
- Across five years, Interest Coverage Ratio topped out at 1.76 in Q3 2023 and bottomed at 0.73 in Q1 2020.
- The 3-year median for Interest Coverage Ratio is 1.52 (2024), against an average of 1.45.
- Across the five-year window, Interest Coverage Ratio sank 41.96% in 2020 and climbed 14.01% in 2024, its largest moves.
- Year by year, Interest Coverage Ratio stood at 0.73 in 2020, then soared by 82.22% to 1.34 in 2023, then increased by 14.01% to 1.52 in 2024.
- Per Business Quant, the three latest IRT Interest Coverage Ratio figures stand at 1.52 (Q4 2024), 1.62 (Q3 2024), and 1.64 (Q2 2024).
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Interest Cover (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.48 Bn | 26.48 Bn | - | 5.59 |
| 2 | Equity Residential | 25.80 Bn | 25.80 Bn | - | 2.45 |
| 3 | Invitation Homes | 18.05 Bn | 18.05 Bn | 694.98 Mn | 0.42 |
| 4 | Mid America Apartment Communities | 15.67 Bn | 15.54 Bn | 537.05 Mn | 6.80 |
| 5 | Sun Communities | 14.96 Bn | 14.96 Bn | 491.20 Mn | 0.18 |
| 6 | Udr | 13.01 Bn | 12.98 Bn | 416.43 Mn | 4.73 |
| 7 | Equity Lifestyle Properties | 12.85 Bn | 12.85 Bn | 378.95 Mn | 3.34 |
| 8 | American Homes 4 Rent | 12.22 Bn | 12.22 Bn | - | - |
| 9 | Camden Property Trust | 11.94 Bn | 11.94 Bn | - | 2.21 |
| 10 | Independence Realty Trust | 3.93 Bn | 3.93 Bn | - | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Dec 31, 2024 | 1.52 |
| Sep 30, 2024 | 1.62 |
| Jun 30, 2024 | 1.64 |
| Dec 31, 2023 | 1.34 |
| Sep 30, 2023 | 1.76 |
| Jun 30, 2023 | 1.52 |
| Mar 31, 2020 | 0.73 |
| Dec 31, 2019 | 1.14 |
| Sep 30, 2019 | 1.06 |
| Jun 30, 2019 | 1.07 |
| Mar 31, 2019 | 1.26 |
| Dec 31, 2018 | 1.41 |
| Sep 30, 2018 | 1.53 |
| Jun 30, 2018 | 1.41 |
| Mar 31, 2018 | 1.40 |
| Dec 31, 2017 | 1.97 |
| Sep 30, 2017 | 1.58 |
| Jun 30, 2017 | 1.57 |
| Mar 31, 2017 | 1.58 |
| Dec 31, 2016 | -0.39 |