Independence Realty Trust (IRT) Operating Expenses (2011 - 2026)
Independence Realty Trust (IRT) posted quarterly Operating Expenses of $143.6 million for Q1 2026, up 7.07% year-over-year from $134.1 million in Q1 2025, and up 8.49% quarter-over-quarter from $132.3 million in Q4 2025.
Independence Realty Trust (IRT) Operating Expenses (2011 - 2026) Analysis & Trends
Independence Realty Trust's Operating Expenses history runs 16 years deep, the most recent figure standing at $143.6 million for Q1 2026.
- In Q1 2026, Operating Expenses rose 7.07% year-over-year to $143.6 million; the TTM figure through Mar 2026 stood at $547.3 million (up 5.9% YoY), while the FY2025 annual figure was $537.8 million, up 4.52% from the prior year.
- Operating Expenses for Q1 2026 stood at $143.6 million, up from $132.3 million in the prior quarter.
- The five-year high for Operating Expenses was $146.1 million in Q1 2022, with the low at $120.3 million in Q4 2022.
- The 5-year median for Operating Expenses is $129.8 million (2023), against an average of $131.6 million.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses surged 220.26% in 2022, then decreased 12.78% in 2023.
- Independence Realty Trust's Operating Expenses stood at $120.3 million in 2022, then advanced by 5.92% to $127.4 million in 2023, then decreased by 2.57% to $124.1 million in 2024, then climbed by 6.65% to $132.3 million in 2025, then gained by 8.49% to $143.6 million in 2026.
- Business Quant data shows IRT's Operating Expenses at $143.6 million in Q1 2026, $132.3 million in Q4 2025, and $136.6 million in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 26.11 Bn | 26.32 Bn | - | 636.04 Mn |
| 2 | Erp Operating Ltd Partnership | 23.87 Bn | 24.06 Bn | - | 566.18 Mn |
| 3 | Invitation Homes | 17.87 Bn | 17.87 Bn | 705.34 Mn | 657.51 Mn |
| 4 | Mid America Apartment Communities | 15.32 Bn | 15.19 Bn | 537.17 Mn | 218.72 Mn |
| 5 | Sun Communities | 14.98 Bn | 14.98 Bn | 460.10 Mn | 434.40 Mn |
| 6 | Equity Lifestyle Properties | 12.61 Bn | 12.61 Bn | 375.97 Mn | 298.46 Mn |
| 7 | American Homes 4 Rent | 12.39 Bn | 12.39 Bn | - | 397.77 Mn |
| 8 | Udr | 12.20 Bn | 12.20 Bn | 412.43 Mn | 345.25 Mn |
| 9 | Camden Property Trust | 11.01 Bn | 11.01 Bn | - | 140.94 Mn |
| 10 | Independence Realty Trust | 3.91 Bn | 3.91 Bn | - | 141.30 Mn |
Historic Data
Download Data| Date | Value |
|---|---|
| Jun 30, 2026 | 141.30 Mn |
| Mar 31, 2026 | 143.58 Mn |
| Dec 31, 2025 | 132.35 Mn |
| Sep 30, 2025 | 136.65 Mn |
| Jun 30, 2025 | 134.68 Mn |
| Mar 31, 2025 | 134.11 Mn |
| Dec 31, 2024 | 124.09 Mn |
| Sep 30, 2024 | 129.19 Mn |
| Jun 30, 2024 | 129.39 Mn |
| Mar 31, 2024 | 131.87 Mn |
| Dec 31, 2023 | 127.37 Mn |
| Sep 30, 2023 | 129.77 Mn |
| Jun 30, 2023 | 129.46 Mn |
| Mar 31, 2023 | 127.47 Mn |
| Dec 31, 2022 | 120.25 Mn |
| Sep 30, 2022 | 120.87 Mn |
| Jun 30, 2022 | 139.28 Mn |
| Mar 31, 2022 | 146.15 Mn |
| Dec 31, 2021 | 60.83 Mn |
| Sep 30, 2021 | 46.73 Mn |