Independence Realty Trust (IRT) Net Income (2011 - 2024)
Independence Realty Trust (IRT) posted Net Income of $17.2 million for Q4 2024, up 50.9% on a QoQ basis from $11.4 million in Q3 2024, and up 6.83% year-over-year from $16.1 million in Q1 2024.
Analysis
Independence Realty Trust (IRT) Net Income (2011 - 2024) Analysis & Trends
Independence Realty Trust has reported Net Income for 12 years, with the latest figure at $17.2 million in Q4 2024.
- On a quarterly basis, Net Income rose 6.83% year-over-year to $17.2 million in Q4 2024; TTM through Dec 2024 was $55.7 million, a 33.02% increase from a year earlier, with the FY2024 full-year figure at $45.4 million, down 19.0% from the prior year.
- Net Income was $17.2 million for Q4 2024 at Independence Realty Trust, up from $11.4 million in the prior quarter.
- The five-year high for Net Income was $17.2 million in Q4 2024, with the low at -$2.5 million in Q1 2020.
- Average Net Income over 3 years is $11.7 million, with a median of $11.6 million recorded in 2023.
- The sharpest annual moves came in 2020 and 2024: Net Income tumbled 198.6% in 2020, then gained 6.83% in 2024.
- Over 3 years, Net Income stood at -$2.5 million in 2020, then surged by 735.69% to $16.1 million in 2023, then gained by 6.83% to $17.2 million in 2024.
- The last three Net Income figures came in at $17.2 million (Q4 2024), $11.4 million (Q3 2024), and $11.1 million (Q2 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Net Income (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.37 Bn | 24.37 Bn | - | 120.06 Mn |
| 2 | Invitation Homes | 16.34 Bn | 16.34 Bn | 705.34 Mn | -46.16 Mn |
| 3 | Mid America Apartment Communities | 14.46 Bn | 14.33 Bn | 537.17 Mn | 124.53 Mn |
| 4 | Sun Communities | 14.11 Bn | 14.11 Bn | 460.10 Mn | -1.02 Bn |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 71.34 Mn |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | - |
| 7 | Udr | 11.36 Bn | 11.36 Bn | 412.43 Mn | 73.66 Mn |
| 8 | Camden Property Trust | 10.49 Bn | 10.49 Bn | - | 20.71 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 156.89 Mn |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 17.18 Mn |
| Sep 30, 2024 | 11.39 Mn |
| Jun 30, 2024 | 11.09 Mn |
| Dec 31, 2023 | 16.08 Mn |
| Sep 30, 2023 | 16.77 Mn |
| Jun 30, 2023 | 11.59 Mn |
| Mar 31, 2020 | -2.53 Mn |
| Dec 31, 2019 | 1.39 Mn |
| Sep 30, 2019 | 621,000.00 |
| Jun 30, 2019 | 652,000.00 |
| Mar 31, 2019 | 2.57 Mn |
| Dec 31, 2018 | 4.08 Mn |
| Sep 30, 2018 | 4.84 Mn |
| Jun 30, 2018 | 3.55 Mn |
| Mar 31, 2018 | 3.36 Mn |
| Dec 31, 2017 | 4.32 Mn |
| Sep 30, 2017 | 4.02 Mn |
| Jun 30, 2017 | 4.06 Mn |
| Mar 31, 2017 | 4.34 Mn |
| Dec 31, 2016 | 2.92 Mn |