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
DateValue
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