Independence Realty Trust (IRT) Operating Margin (2011 - 2024)
Independence Realty Trust (IRT) recorded quarterly Operating Margin of 22.96% in Q4 2024, up 23.8% quarter-over-quarter from 18.54% in Q3 2024, and down 76.0% on a YoY basis from 95.65% in Q1 2024.
Independence Realty Trust (IRT) Operating Margin (2011 - 2024) Analysis & Trends
Independence Realty Trust's Operating Margin history runs 12 years deep, the most recent figure standing at 22.96% for Q4 2024.
- In Q4 2024, Operating Margin fell 76.0% year-over-year to 22.96%; the TTM figure through Dec 2024 stood at 21.06% (up 303.0% YoY), while the FY2024 annual figure was 18.99%, down 309.0% from the prior year.
- Operating Margin was 22.96% for Q4 2024 at Independence Realty Trust, up from 18.54% in the prior quarter.
- In the past five years, Operating Margin ranged from a high of 23.72% in Q4 2023 to a low of 13.57% in Q1 2020.
- Historically, Operating Margin has averaged 20.06% across 3 years, with a median of 20.62% in 2023.
- The sharpest annual moves came in 2020 and 2024: Operating Margin sank 1123 bps in 2020, then plunged 76 bps in 2024.
- A 3-year view of Operating Margin shows it stood at 13.57% in 2020, then soared by 75 bps to 23.72% in 2023, then fell by 3 bps to 22.96% in 2024.
- The last three Operating Margin figures came in at 22.96% (Q4 2024), 18.54% (Q3 2024), and 18.03% (Q2 2024), per Business Quant data.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Operating Margin (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 | 5.48% |
| 4 | Mid America Apartment Communities | 15.51 Bn | 15.59 Bn | 537.05 Mn | 59.64% |
| 5 | Sun Communities | 14.54 Bn | 14.65 Bn | 491.20 Mn | 1.34% |
| 6 | American Homes 4 Rent | 13.37 Bn | 13.94 Bn | - | - |
| 7 | Udr | 12.30 Bn | 12.30 Bn | 416.43 Mn | 53.96% |
| 8 | Equity Lifestyle Properties | 12.06 Bn | 12.12 Bn | 393.79 Mn | 28.26% |
| 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 | 22.96% |
| Sep 30, 2024 | 18.54% |
| Jun 30, 2024 | 18.03% |
| Dec 31, 2023 | 23.72% |
| Sep 30, 2023 | 23.01% |
| Jun 30, 2023 | 20.62% |
| Mar 31, 2020 | 13.57% |
| Dec 31, 2019 | 21.90% |
| Sep 30, 2019 | 20.28% |
| Jun 30, 2019 | 20.61% |
| Mar 31, 2019 | 24.80% |
| Dec 31, 2018 | 28.15% |
| Sep 30, 2018 | 28.63% |
| Jun 30, 2018 | 25.89% |
| Mar 31, 2018 | 25.56% |
| Dec 31, 2017 | 26.96% |
| Sep 30, 2017 | 27.40% |
| Jun 30, 2017 | 28.35% |
| Mar 31, 2017 | 30.10% |
| Dec 31, 2016 | 27.98% |