Independence Realty Trust (IRT) Operating Expenses (2011 - 2026)
Independence Realty Trust (IRT) posted Operating Expenses of $141.3 million for Q2 2026, down 1.59% on a QoQ basis from $143.6 million in Q1 2026, and up 4.91% year-over-year from $134.7 million in Q2 2025.
Analysis
Independence Realty Trust (IRT) Operating Expenses (2011 - 2026) Analysis & Trends
Independence Realty Trust has reported Operating Expenses for 16 years, with the latest figure at $141.3 million in Q2 2026.
- On a quarterly basis, Operating Expenses rose 4.91% year-over-year to $141.3 million in Q2 2026; TTM through Jun 2026 was $553.9 million, a 6.09% increase from a year earlier, with the FY2025 full-year figure at $537.8 million, up 4.52% from the prior year.
- Operating Expenses was $141.3 million for Q2 2026 at Independence Realty Trust, down from $143.6 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.
- Average Operating Expenses over 5 years is $132.1 million, with a median of $130.8 million recorded in 2023.
- The sharpest annual moves came in 2022 and 2023: Operating Expenses jumped 220.26% in 2022, then dropped 12.78% in 2023.
- Over 5 years, Operating Expenses stood at $120.3 million in 2022, then grew by 5.92% to $127.4 million in 2023, then dropped by 2.57% to $124.1 million in 2024, then increased by 6.65% to $132.3 million in 2025, then gained by 6.76% to $141.3 million in 2026.
- The last three Operating Expenses figures came in at $141.3 million (Q2 2026), $143.6 million (Q1 2026), and $132.3 million (Q4 2025), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Opex (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.24 Bn | 24.24 Bn | - | 566.18 Mn |
| 2 | Invitation Homes | 16.37 Bn | 16.37 Bn | 705.34 Mn | 657.51 Mn |
| 3 | Mid America Apartment Communities | 14.51 Bn | 14.38 Bn | 537.17 Mn | 218.72 Mn |
| 4 | Sun Communities | 14.18 Bn | 14.18 Bn | 460.10 Mn | 434.40 Mn |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 298.46 Mn |
| 6 | American Homes 4 Rent | 11.39 Bn | 11.39 Bn | - | 397.77 Mn |
| 7 | Udr | 11.31 Bn | 11.31 Bn | 412.43 Mn | 345.25 Mn |
| 8 | Camden Property Trust | 10.51 Bn | 10.51 Bn | - | 140.94 Mn |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | 636.04 Mn |
| 10 | Independence Realty Trust | 3.55 Bn | 3.55 Bn | - | 141.30 Mn |
Historic Data
Download Data
Historic 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 |