Independence Realty Trust (IRT) Operating Income (2011 - 2024)
Independence Realty Trust (IRT) posted Operating Income of $37.0 million for Q4 2024, up 24.44% on a QoQ basis from $29.7 million in Q3 2024, and down 6.74% year-over-year from $39.6 million in Q1 2024.
Analysis
Independence Realty Trust (IRT) Operating Income (2011 - 2024) Analysis & Trends
Independence Realty Trust has reported Operating Income for 12 years, with the latest figure at $37.0 million in Q4 2024.
- On a quarterly basis, Operating Income fell 6.74% year-over-year to $37.0 million in Q4 2024; TTM through Dec 2024 was $134.8 million, a 13.1% increase from a year earlier, with the FY2024 full-year figure at $121.6 million, down 16.74% from the prior year.
- Operating Income was $37.0 million for Q4 2024 at Independence Realty Trust, up from $29.7 million in the prior quarter.
- The five-year high for Operating Income was $39.6 million in Q4 2023, with the low at $7.0 million in Q1 2020.
- Average Operating Income over 3 years is $30.6 million, with a median of $33.8 million recorded in 2023.
- The sharpest annual moves came in 2020 and 2024: Operating Income sank 43.3% in 2020, then fell 6.74% in 2024.
- Over 3 years, Operating Income stood at $7.0 million in 2020, then surged by 468.7% to $39.6 million in 2023, then fell by 6.74% to $37.0 million in 2024.
- The last three Operating Income figures came in at $37.0 million (Q4 2024), $29.7 million (Q3 2024), and $28.6 million (Q2 2024), per Business Quant data.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Vivmark Residential | 24.37 Bn | 24.37 Bn | - | - |
| 2 | Invitation Homes | 16.34 Bn | 16.34 Bn | 705.34 Mn | 47.83 Mn |
| 3 | Mid America Apartment Communities | 14.46 Bn | 14.33 Bn | 537.17 Mn | 318.45 Mn |
| 4 | Sun Communities | 14.11 Bn | 14.11 Bn | 460.10 Mn | 25.70 Mn |
| 5 | Equity Lifestyle Properties | 11.69 Bn | 11.69 Bn | 375.97 Mn | 99.36 Mn |
| 6 | American Homes 4 Rent | 11.38 Bn | 11.38 Bn | - | - |
| 7 | Udr | 11.36 Bn | 11.36 Bn | 412.43 Mn | 115.86 Mn |
| 8 | Camden Property Trust | 10.49 Bn | 10.49 Bn | - | - |
| 9 | Avalonbay Communities | 9.67 Bn | 9.87 Bn | - | - |
| 10 | Independence Realty Trust | 3.59 Bn | 3.59 Bn | - | - |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Dec 31, 2024 | 36.95 Mn |
| Sep 30, 2024 | 29.69 Mn |
| Jun 30, 2024 | 28.55 Mn |
| Dec 31, 2023 | 39.62 Mn |
| Sep 30, 2023 | 38.80 Mn |
| Jun 30, 2023 | 33.81 Mn |
| Mar 31, 2020 | 6.97 Mn |
| Dec 31, 2019 | 11.26 Mn |
| Sep 30, 2019 | 10.40 Mn |
| Jun 30, 2019 | 10.50 Mn |
| Mar 31, 2019 | 12.29 Mn |
| Dec 31, 2018 | 14.02 Mn |
| Sep 30, 2018 | 13.97 Mn |
| Jun 30, 2018 | 12.14 Mn |
| Mar 31, 2018 | 11.70 Mn |
| Dec 31, 2017 | 11.45 Mn |
| Sep 30, 2017 | 10.98 Mn |
| Jun 30, 2017 | 11.22 Mn |
| Mar 31, 2017 | 11.78 Mn |
| Dec 31, 2016 | 10.64 Mn |