Independence Realty Trust (IRT) Operating Expenses (2011 - 2026)

Independence Realty Trust (IRT) recorded quarterly Operating Expenses of $143.6 million in Q1 2026, up 8.49% quarter-over-quarter from $132.3 million in Q4 2025, and up 7.07% on a YoY basis from $134.1 million in Q1 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 was $143.6 million for Q1 2026 at Independence Realty Trust, up from $132.3 million in the prior quarter.
  • In the past five years, Operating Expenses ranged from a high of $146.1 million in Q1 2022 to a low of $120.3 million in Q4 2022.
  • Historically, Operating Expenses has averaged $131.6 million across 5 years, with a median of $129.8 million in 2023.
  • The sharpest annual moves came in 2022 and 2023: Operating Expenses soared 220.26% in 2022, then slipped 12.78% in 2023.
  • A 5-year view of Operating Expenses shows it stood at $120.3 million in 2022, then climbed by 5.92% to $127.4 million in 2023, then slipped by 2.57% to $124.1 million in 2024, then grew by 6.65% to $132.3 million in 2025, then advanced by 8.49% to $143.6 million in 2026.
  • The last three Operating Expenses figures came in at $143.6 million (Q1 2026), $132.3 million (Q4 2025), and $136.6 million (Q3 2025), per Business Quant data.

Peer Comparison

# Company Market Cap Enterprise Value Gross Profit (Qtr) Opex (Qtr)
1 Avalonbay Communities 24.79 Bn 25.01 Bn - 623.23 Mn
2 Equity Residential 24.35 Bn 24.48 Bn - -1.66 Bn
3 Invitation Homes 17.23 Bn 17.27 Bn 694.98 Mn 654.71 Mn
4 Mid America Apartment Communities 15.51 Bn 15.59 Bn 537.05 Mn 205.74 Mn
5 Sun Communities 14.54 Bn 14.65 Bn 491.20 Mn 484.40 Mn
6 American Homes 4 Rent 13.37 Bn 13.94 Bn - 384.36 Mn
7 Udr 12.30 Bn 12.30 Bn 416.43 Mn 353.46 Mn
8 Equity Lifestyle Properties 12.06 Bn 12.12 Bn 393.79 Mn 285.25 Mn
9 Camden Property Trust 11.45 Bn 11.53 Bn - 140.07 Mn
10 Independence Realty Trust 3.73 Bn 3.86 Bn - 143.58 Mn

Historic Data

Download Data
DateValue
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
Jun 30, 2021 45.48 Mn