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| Date | Value |
|---|---|
| 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 |