Independence Realty Trust (IRT) Operating Income (2011 - 2024)
Independence Realty Trust (IRT) recorded quarterly Operating Income of $37.0 million in Q4 2024, up 24.44% quarter-over-quarter from $29.7 million in Q3 2024, and down 6.74% on a YoY basis from $39.6 million in Q1 2024.
Independence Realty Trust (IRT) Operating Income (2011 - 2024) Analysis & Trends
Independence Realty Trust's Operating Income history runs 12 years deep, the most recent figure standing at $37.0 million for Q4 2024.
- In Q4 2024, Operating Income fell 6.74% year-over-year to $37.0 million; the TTM figure through Dec 2024 stood at $134.8 million (up 13.1% YoY), while the FY2024 annual figure was $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.
- In the past five years, Operating Income ranged from a high of $39.6 million in Q4 2023 to a low of $7.0 million in Q1 2020.
- Historically, Operating Income has averaged $30.6 million across 3 years, with a median of $33.8 million in 2023.
- The sharpest annual moves came in 2020 and 2024: Operating Income slumped 43.3% in 2020, then declined 6.74% in 2024.
- A 3-year view of Operating Income shows it stood at $7.0 million in 2020, then jumped by 468.7% to $39.6 million in 2023, then declined 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 Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Op. Inc (Qtr) |
|---|---|---|---|---|---|
| 1 | Avalonbay Communities | 24.79 Bn | 25.01 Bn | - | - |
| 2 | Equity Residential | 24.35 Bn | 24.48 Bn | - | - |
| 3 | Invitation Homes | 17.23 Bn | 17.27 Bn | 694.98 Mn | 40.27 Mn |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 331.31 Mn |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 6.80 Mn |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 229.81 Mn |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 112.37 Mn |
| 9 | Camden Property Trust | 11.45 Bn | 11.53 Bn | - | - |
| 10 | Independence Realty Trust | 3.73 Bn | 3.86 Bn | - | - |
Historic Data
Download 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 |